BNPL firms welcome regulation as clampdown looms January 7, 2022 Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which closed yesterday. Klarna and Clearpay both claimed the time was right for regulation and confirmed they had submitted recommendations on new rules to the Treasury. Alex Marsh, Head of Klarna UK, [...]
Treasury makes £1.5bn from pandemic stock market frenzy October 28, 2021 Next year, the Treasury is expected to make £1.5bn from stamp duty taxes on shares, as a result of the pandemic stock market frenzy, which saw many first-time investors put money into the market, the Evening Standard reported. While this year duty taxes on shares were £800m higher than £3.4bn that was initially forecast by [...]