‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
UK’s ‘Green Day’ plans in doubt as reports suggest they could be watered down March 29, 2023 The UK’s response to America’s mammoth subsidy package for renewable projects has been thrown into doubt today, after reports suggested that the planned energy policies could be watered down or pushed back to later this year. The government was set to unveil a host of new policies tomorrow, in what has been coined ‘Green Day’, [...]
Cardano leads dramatic crypto rally as Bitcoin powers through $28k again March 29, 2023 Bitcoin broke clear of $28k this morning while Cardano's native ADA token is pushing $0.40 with a dramatic 12% rise as crypto markets rally.
Plans to house asylum seekers in military bases and barges as government pushes ahead to ‘discourage’ small boat crossings March 29, 2023 Asylum seekers will be housed in disused military bases, ferries and barges under government plans to reduce spending on hotels. Immigration minister Robert Jenrick is expected to announce the use of two RAF sites as he tries to reduce the £6.8m a day the government says it spends on hotel accommodation. The plans are likely [...]
The Notebook: Neil Bennett on corporate disasters, Paris on fire and signs of hope for Wandisco March 29, 2023 One of my favourite business quotes comes, inevitably, from Warren Buffett: “It is only when the tide goes out, that you discover who has been swimming naked.” In the past two weeks it has become clear that the recent rapid tightening of rates has created to a strong ebb tide, and that there is an [...]
Tech Nation in talks with Brent Hoberman’s Founders Forum as wind-down date looms March 28, 2023 Start-up quango Tech Nation said it is in talks to sell its brand to Brent Hoberman’s Founders Forum today as it prepares to wind down at the end of this month.
Corbyn blocked from being a Labour candidate – will he now stand as an independent? March 28, 2023 Former Labour leader Jeremy Corbyn has been officially blocked from standing as a candidate for the Labour Party at the next general election. Labour’s governing body, the National Executive Committee (NEC), today agreed to prevent Corbyn standing for the party in future elections. Leader Sir Keir Starmer proposed a motion for the party not to [...]
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
Bitcoin and wider crypto markets down as US regulatory pressure continues March 28, 2023 Bitcoin is trading for $26,900 this morning and most other coins are down as the US regulatory action against crypto continues.
Twitter shakeup: What features will Elon Musk scrap for users who refuse to pay for a tick? March 28, 2023 Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr [...]