The Bank of England will look again at how much capital it requires banks to hold as insurance against swings in the economic cycle after the vote on Britain’s membership of the EU, the Financial Times reported. The decision is the latest sign of authorities’ nervousness about the financial stability risks posed by the vote. In March, the BoE said it was preparing to flood the market with money around the June 23 poll to protect British banks from any chance they could run out of funds.

One of the biggest steelmakers in Britain, second in size only to Tata, has said there is no guarantee that the industry will survive if the government fails to step up its response to the current crisis, The Guardian reported. As the business secretary, Sajid Javid, prepared to travel to Mumbai for talks with the Indian multinational, the managing director of Celsa UK, Luis Sanz, asked why the British arm of his company was paying twice as much in electricity costs and eleven times as much in business rates than its operations in France and Spain.

As British Prime Minister David Cameron scrambles to try to save the U.K.’s largest steel plant, an uncomfortable spotlight has focused on his government’s opposition to a move that the steel industry says would strengthen the European Union’s defenses against the cheap Chinese steel flooding European markets, The Wall Street Journal reported. The government already faces accusations by opposition politicians and unions that it has been slow to react to a crisis engulfing British steelmaking.

Prime Minister David Cameron of Britain emerged from an emergency cabinet meeting on Thursday to say that the government would do all it could to preserve the British steel industry but that nationalization was not an option, the International New York Times reported. Emphasizing the severity of the situation, Mr.

Prime Minister David Cameron faced a new economic and political challenge on Wednesday after the Indian owner of much of Britain’s steel industry said it could no longer swallow the large losses being generated by its plants and would try to sell them, the International New York Times reported. The owner of the plants, Tata Steel, has been squeezed by cheap imports of Chinese steel into Europe, and its announcement suggested that if no buyer could be found it would consider closing them, endangering at least 15,000 jobs.

Fears that Britain might vote to leave the European Union helped keep consumer confidence at the lowest level in more than a year, according to a survey published Thursday, Bloomberg News reported. GfK’s consumer-confidence index stayed at zero in March. A gauge of expectations for the economic situation over the next 12 months was minus 12, unchanged on the month and down 18 points from a year earlier.

The Bank of England said on Tuesday that it would increase the size of a capital buffer it requires banks to hold to ensure they can provide lending and other essential banking services in times of financial stress, the International New York Times DealBook blog reported. Lenders in Britain would be required to set aside the equivalent of 0.5 percent of their assets as weighted by risk by March 29, 2017, the central bank’s Financial Policy Committee said on Tuesday.

British department stores group BHS has won support from its creditors for a rescue plan that should allow the retailer to stay in business thanks to big cuts in its rent bill, Reuters reported. The 88-year-old firm, hit hard by intense competition in the retail sector, said on Wednesday creditors to BHS Limited, which covers 125 of its 164 stores, had voted to approve its proposal for a company voluntary arrangement (CVA) - a form of compromise agreement to avoid administration or liquidation.

The Royal Bank of Scotland said on Tuesday that it had made a final payment of 1.19 billion pounds, or about $1.7 billion, to the British government, fulfilling a condition of its bailout package that gave the government priority for dividend payments, the International New York Times DealBook blog reported. The British government owns about 73 percent of R.B.S. after having injected £45 billion into the bank during the financial crisis. As part of that bailout, the government received a so-called dividend access share, which gave it “enhanced rights” for dividends paid by the bank.

A British vote to leave the European Union could cost the economy £100 billion (€1.28bn) and 950,000 jobs by 2020, according to research commissioned by employers’ group the Confederation of British Industry (CBI), the Irish Times reported. The CBI said “Brexit” would deliver a serious shock to the British economy, regardless of any trade deals the country could negotiate with its former European partners.