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  1. National

Lloyds and RBS narrowly pass bank stress test

Lloyds Banking Group and Royal Bank of Scotland have narrowly passed a Bank of England test to see how lenders would cope with severe economic stress.

Lloyds Banking Group and Royal Bank of Scotland have narrowly passed a Bank of England stress test . Credit: PA Wire composite

The test, using the position of banks and building societies at the end of 2013, found both RBS and Lloyds would be susceptible to such a crisis.

However, improvements and changes to their plans this year meant only the Co-op was required to submit a new plan.

  1. National

Co-operative Bank fails Bank of England stress test

The Co-operative Bank has been ordered to shore up its balance sheet by axing £5.5 billion in loans after it failed a Bank of England stress test.

The Co-operative Bank has failed a Bank of England stress test. Credit: PA Wire

The Bank found that a severe downturn with house prices plunging 35% would wipe out the Co-op's capital because of the effect on its risky commercial property and sub-prime home loans.

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  1. Daniel Hewitt - Political Reporter

Are you convinced by the Chancellor's Northern Powerhouse promise?

Tatton MP and Chancellor George Osborne say he has a grand plan for the North of England - he calls it 'The Northern Powerhouse' - but do voters here plan to keep him in his powerhouse in Westminster come May?

The Conservative Party hopes Mr Obsorne's commitment to invest more in rail, road, arts and science in the North West will be rewarded with more North West MPs at next year's General Election.

But are voters in the key marginals convinced?

Our political reporter Daniel Hewitt has been to Bolton West, the region's most marginal constituency, to gage opinion.

Tune in to Party People tonight on ITV at 23:40 for reaction from MP's Nigel Evans, Julie Hilling and Andrew Stunnel.

Completion of home sold for just £1

Work has been completed on the first property to be refurbished as part of Liverpool's pioneering Homes for a Pound scheme.

Jayalal Madde with Liverpool Mayor, Joe Anderson Credit: PA

Jayalal Madde, 49, was the very first applicant to be allocated a house last year under the city council's pilot scheme to sell 20 of its properties for just £1. He will be giving Mayor Joe Anderson a guided tour of his house on Cairns Street in Granby ahead of moving into the property in time for Christmas.

Credit: ITV Granada

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Mum opens shop in Trafford she won in a competition

Tracey Gibbons with some of the stock for her new shop

A single mum from Sale Moor who started her top trend handbag business at one of the lowest points in her life has opened the shop she won in a competition.

Tracey Gibbons, 33, mum to Abbigail, 11, and Sophie, 2, narrowly took the top slot in the Dragon’s Den style competition entitled Win A Shop.

Her prize is a unit at the busy Stretford shopping hub free from rent, rates, insurance fees and service charge for six months and the doors opened today which is Small Business Saturday.

Tracey started her business earlier this year after the relationship with her partner broke down

Tracey was one of more than 20 applicants who entered the contest and her dream of opening her own shop has become reality quicker than she thought.

“I am just so very thankful for this opportunity and the fact I will now have a proper, permanent base for my customers to come and visit me and see my bags, will be a tremendous step forward for me.

“It’s still sinking in because I have really wanted to take this step and make it happen but it is so hard when you have all those start-up costs to turn it into a reality.”

– Tracey Gibbons

Jailed shipyard worker takes fight for justice to Europe

A former shipyard worker from Aintree jailed after an industrial dispute thirty years ago is taking his fight to clear his name to the European Parliament.

Eddie Marnell is one of 37 men arrested at Cammell Laird in Birkenhead during a strike over redundancies in 1984.

Cammell Laird is now an entirely different company under different management.

But Eddie has won the right to have his petition considered in Brussels.

Daniel Hewitt reports.

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