EU rules damaged liquidity in London’s main market November 2, 2023 EU financial market reforms inadvertently affected liquidity and reduced research activity in London’s main stock market, according to new research from the University of Bath on Wednesday. The EU’s markets in financial instruments directive II, known as Mifid II, aimed to improve transparency around research costs. The costs were previously parcelled into brokers’ overall fees [...]
Make childcare cheaper to tackle UK’s talent crunch, business lobby says February 12, 2023 The UK government should make childcare more affordable to help ease the country’s labour shortages, the British Chambers of Commerce (BCC) has said. In the upcoming Spring Budget, UK chancellor Jeremy Hunt should set out plans to help “cash strapped” parents pay for childcare, the business lobby group said. It warned talent shortages are holding [...]
Small businesses call on Hunt to tackle ‘childcare crisis’ as economic impact grows March 1, 2023 One of the UK’s leading business groups has called on Chancellor Jeremy Hunt to immediately tackle the “childcare crisis” in the upcoming budget as the high cost of childcare is increasingly forcing parents out of the workforce. Childcare providers face insufficient funding, the Federation of Small Businesses (FSB) told City A.M., and are either having [...]
‘Market and regulatory tailwinds’ boost XPS Pensions amid Hunt’s reforms November 23, 2023 XPS said it could benefit from Chancellor Jeremy Hunt's plans to consolidate the UK's fragmented pension market.
Failure to invest could see millions of Brits face financial difficulties, report warns November 6, 2023 Poor understanding and low take-up of long-term investing could find millions of people heading for financial difficulties in later life, new data reveals.
Budget 2023: Jeremy Hunt’s ‘growth’ plan may embrace childcare and over 50s but hike in corporation tax stays March 15, 2023 Chancellor Jeremy Hunt delivered what he claimed was a growth-focused budget centred on childcare reform, pensions and business investment, but the six per cent hike in corporation tax will remain. He unveiled what amounted to a universal childcare policy; abolished the lifetime allowance on tax-free pensions savings; and announced tax breaks for firms investing in [...]
Davos 2024: Who will (and won’t) be there? What’s on the agenda? And how much does it cost? January 11, 2024 The latest World Economic Forum in Davos is set to kick off this Sunday, with the great-and-the-good paying thousands, by invitation-only, to be there. But why are they all going to Switzerland, what are they looking to achieve, and can anyone go? Fear not, we have all the answers. First and foremost where and what [...]
Budget: Childcare support and energy bills on Hunt’s to-do list March 12, 2023 Ending the prepayment meter penalty on energy bills and boosting childcare support for the poorest parents are among measures set to be announced in the spring budget. Chancellor Jeremy Hunt this weekend confirmed households on prepayment meters will no longer pay more than people on direct debits, as of July 2023. Energy security secretary Grant [...]
UK to sign financial services deal with Switzerland December 20, 2023 Chancellor Jeremy Hunt is set to ink a financial services deal with Switzerland in a bid to ease business transactions with UK firms and individuals.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.