Regulation in the UK a ‘web of complexity’ and harming innovation says think tank September 25, 2024 A leading think tank has called for the government to create a ‘call-in’ power to overrule regulators’ decisions, warning that Britain’s approach to tech regulation is harming innovation and investment in the sector. In a new report, right-leaning think tank Onward described the UK’s patchwork of “under-resourced” and “overstretched” regulators as spinning a “web of [...]
Apron: London fintech taps Checkout founder and Apple iPhone co-creator for $30m funding September 25, 2024 London fintech Apron has raised $30m in Series B funding to boost hiring and launch a slew of new accounting and payment tools for small businesses.
Nick Ephgrave marks one year at Serious Fraud Office. How has he fared as director? September 25, 2024 A former law enforcer was appointed as the director of the Serious Fraud Office one year ago. So how has Nick Ephgrave first year gone at the anti-fraud agency?
Hurry up HS2, the diggers are coming September 25, 2024 Two tunnel boring machines, needed to drill a 4.5 mile tunnel between West London and Euston, will be delivered from Germany next month.
UK economy to grow twice as fast as expected says KPMG September 25, 2024 KPMG's latest forecasts suggest the economy is on track to grow 1.0 per cent this year before accelerating slightly to 1.2 per cent next year.
City’s office market returned to pre-Covid levels in 2023 September 25, 2024 According to research firm JLL, £6.3bn was invested in London in the first half of 2024, 13 per cent ahead of the same period last year, but still comfortably below the 10-year average. However, the City itself appears particularly attractive for investment, with leasing volumes increasing year-on-year, helping activity return to pre-Covid levels in 2023. [...]
Nobody turns up to a Starmer speech expecting to have their ribs tickled September 24, 2024 Was Keir Starmer once beaten up by an actor? Was he bullied by a clown? Something must have happened in his past to explain his visceral aversion to performers and showmen. He rarely makes a speech these days without attacking those who take to a stage with a spring in their step and a quip [...]
HSBC considers naming first female CFO in bank’s 159-year history September 24, 2024 HSBC is reportedly considering naming its first female chief financial officer in its 159-year history, with Pam Kaur said to be a favourite for one of the top jobs at Europe's biggest bank.
FCA boss: Watchdog’s mindset ‘is changing’ on financial advice September 24, 2024 The Financial Conduct Authority (FCA) has said its “mindset is changing” as it attempts to make financial advice more accessible to consumers. The watchdog is aiming to shift the way it regulates to take a “more outcomes-based approach”, said Sarah Pritchard, executive director of markets and international at the FCA, in a speech today. With [...]
Labour conference: GB Energy to be based in Aberdeen, Keir Starmer confirms September 24, 2024 Labour’s GB Energy company will be “based in Aberdeen”, Sir Keir Starmer has confirmed in a long-awaited move. The Prime Minister announced: “We said GB Energy – our publicly-owned national champion, the vehicle that will drive forward our mission on clean energy – we said it belonged in Scotland. “And it does. But the truth [...]