House of Representatives pass clarity-seeking FIT21 bill with bipartisan support May 24, 2024 On Wednesday, the US House of Representatives voted on the Financial Innovation and Technology for the 21st Century Act (FIT21) bill. The bill passed 279 to 136, with support from both Republicans and Democrats. This week has been one of the most progressive ever for US crypto policy.
HMRC tax dispute with EY over Tory donor’s affairs on hold for settlement talks May 24, 2024 HMRC's tax dispute with accounting firm EY and Jamie Ritblat, a British property investor and Tory donor, has been placed on hold as settlement talks take place, City A.M. has learned.
What does cooling inflation mean for house prices and mortgage rates? May 24, 2024 Inflation cooled to the lowest level in nearly three years in April, but what exactly does it mean for Britain’s housing market?
British ISA plans thrown into doubt by Sunak’s election call May 24, 2024 A number of the government’s flagship City reform efforts including the roll-out of the British ISA and so-called Pisces private market have been thrown into doubt by Rishi Sunak’s gamble to hold an early election in July.
Rise in consumer confidence gives hope for summer spending boost May 24, 2024 UK consumer confidence rose by two points in May in a sign that Brits are becoming increasingly hopeful about their financial position ahead of the summer months.
FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets May 24, 2024 Asian stocks fall on speculation of delayed Fed rate cuts; US approves Ethereum ETFs; eyes on UK retail sales, US consumer confidence.
Tech industry pushes Sunak to pass key data protection bill before the election May 23, 2024 Top tech executives are pressing the government to usher through a key data protection bill before the looming general election.
‘It’s a bit of a rollercoaster’: Wizz Air boss says engine problems will last for another two years May 23, 2024 Capacity issues at Wizz Air caused by faults in its Pratt & Whitney-built engines will continue for at least two years, according to the airlines chief executive.
Island Poke: London’s hot lunch spot files CVA to High Court May 23, 2024 Island Poke has ask Begbies Traynor to come in and provide advice for the business.
Cazoo: Was online car retailer always doomed to fail? May 23, 2024 Could the downfall of Cazoo from being valued at more than £5bn to its collapse into administration have been avoided or was it always doomed to fail?