Money: Stress Tests – 23rd July 10

Banks across Europe have been subject to ‘stress tests’ to see if they would survive another major downturn. Forecasts for the UK’s second quarter GDP figures are showing a slight improvement. Visit Britain predicts tourism in the UK will expand faster than retail and the energy industry by 2020. Finally, a record £840 million worth of fraudulent insurance claims were made in 2009 according to figures released today by the Association of British Insurers.