‘It doesn’t work anymore’: Wealthy Brits snub UK property market in search of better returns Banking Affluent Brits are pulling out of the UK property market at pace, the boss of a major London bank has said, as high taxes, burdensome regulation and stagnant house prices prompt investors to look elsewhere for greater returns. Ian Rand, chief executive of Monument Bank, which caters for mass affluent account holders with six figures [...]
Bank of England names first fintech cohort for scale-up regulator Fintech The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit. Small business lenders OakNorth and Allica Bank – which was named the fastest-growing fintech ever by Deloitte – were listed as two of the firms that had been accepted into the first [...]
Bedding in: Would you sleep in the office? Property Flexible workspace provider Office Space in Town (OSiT) has launched five bedrooms at its Monument site. The company said it has noticed “increasing numbers of commuters wanting to play late in the city and skip the morning rush hour.” Employers have long been searching for new and innovative ways to bring their staff back into [...]