Banks facing squeezed margins? ‘Fetch me a smaller violin’, Treasury committee chair says February 1, 2024 Following pressure from the Treasury Committee, the Financial Conduct Authority (FCA) intervened over the summer, prompting high street banks to offer better rates. All over? Not exactly.
What does the Brexit legacy mean for the Conservatives? January 31, 2024 The reality of Brexit, for good and ill, is being felt by businesses across the country. But the most fundamental impact of the vote remains the one it had on the Tory party.
Sadiq Khan: Starmer attacking Sunak for ‘betting on misery’ won’t put business off Labour January 30, 2024 Sadiq Khan has insisted Sir Keir Starmer’s attack on Rishi Sunak for “making millions from misery” during the financial crisis won’t put businesses off the Labour Party.
UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’ January 30, 2024 Postings noted that in the Brexit debates "there was probably more debates around fishing quotas than there was around financial services".
Humza Yousaf to visit City of London in bid to shore up Scotland’s voice in UK finance January 29, 2024 Humza Yousaf is visiting the City of London in a bid to promote Scotland’s financial services sector.
Private credit lenders might be storing up future problems, Bank of England official warns January 29, 2024 Foulger said some of the actions to support borrowers "delay or mask" vulnerabilities rather than addressing underlying issues.
‘Sticking plaster’ funding doesn’t change need for council tax reform, accountants claim January 25, 2024 An extra half a billion pounds in emergency social care funding for councils is a “sticking plaster", accountants have warned.
‘A PR man for the banks’? Banking resolution service faces pressure from MPs January 23, 2024 A banking dispute resolution service has come under heavy scrutiny from MPs who, today questioned whether the organisation has been captured by the banks.
City chiefs: We must embrace risk to stay competitive January 22, 2024 Leading City figures have reignited calls to policymakers to embrace risk or watch the UK's financial system lose out to rival markets around the world.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.