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      Threats to financial system ‘on steroids’ after AI boom, FCA chief warns

      Nikhil Rathi, chief executive of the FCA.

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Politics

  • White House cybersecurity lead to help NATO prep for potential Russian cyberattacks

    February 2, 2022

    The US has sent its top cybersecurity official to NATO in a bid to prepare European allies for potential Russian cyberattacks. Intelligence assessments suggest that Russia would issue cyberattacks on Ukraine’s electricity grid, its communications systems and its government, prior to invading. The relationship between Russia and Ukraine has been turbulent since Ukraine gained independence [...]

  • Government plans £6bn loan scheme to protect households from soaring energy bills

    February 2, 2022

    Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.

  • Macron: Britain bears weight of migrant drownings, not France

    February 2, 2022

    It is Britain who bears the weight of migrant drownings in crossing the Channel, not France, president Emmanuel Macron has said. Speaking to a regional newspaper in northern France, Macron said: “The responsibility for those who die at sea does not fall upon France but upon this British refusal.” It is the latest act of [...]

  • Govt urged to hike Companies House charges by 700 per cent to crack down on shell firms and fraud

    February 2, 2022

    A group of influential MPs is urging the government to do more to prioritise economic crime and explain why legislation is being delayed. MPs also called for an overhaul of Companies House and to increase the cost to register a business by around 700 per cent, from £12 or £13 currently to £100, in an [...]

  • UK law enforcement regime not ‘up to the job’ to prevent anti-money laundering, MPs warn

    February 2, 2022

    The UK’s law enforcement regime is not “up to the job” to prevent fraud and money laundering infiltrating the country’s financial system, according to findings by an influential group of cross-party MPs published today. It is far too easy for financial criminals to clean dirty money through Britain and the government needs to urgently strengthen [...]

  • Levelling up: UK aims to create ‘global city’ in every part of country by 2030

    February 2, 2022

    The government will offer every English region the chance to have a “London-style mayor” in a bid to create a “globally competitive city” in every part of the UK by 2030, a landmark paper into Boris Johnson’s levelling up policy today revealed. Johnson’s trademark policy will see the government commit to increase public research and [...]

  • Openreach chief pulls out of Ofcom chair race

    February 1, 2022

    Chairman of Openreach, BT Group's broadband infrastructure arm, has pulled out of the race to lead Ofcom according to Whitehall sources.

  • Ukrainian President Zelensky warns of ‘fully fledged’ European war if Russia invades

    February 1, 2022

    A Russia-Ukraine conflict would turn into a “fully fledged” European war, Ukrainian President Volodymyr Zelensky has warned. Zelenksy met with Boris Johnson in Kyiv today, with the Ukrainian President telling a press conference that “we have to be prepared for bad things” as fears continue to mount that Russian President Vladimir Putin will launch an [...]

  • Home Secretary calls for overhaul of Met Police following damning report

    February 1, 2022

    The police watchdog has called for the metropolitan police to overhaul a culture of sexism, homophobia and racism.

  • Peter Aldous becomes latest Tory MP to call for Boris Johnson to resign

    February 1, 2022

    Waveney MP Peter Aldous has become the latest Tory backbencher to publicly call for Boris Johnson to resign, today sending in a letter of no-confidence in the Prime Minister’s leadership of the party. Aldous tweeted that after a “great deal of soul-searching” that Johnson should go over the Downing Street parties scandal. The MP said “I [...]

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