Cashplus looks to shrug off rival challenger banks after delivering £5m profit September 19, 2023 Cashplus, which secured a banking licence in 2021, delivered a post-tax profit of £5.5m on the back of record revenue, which rose 28 per cent year-on-year to £52m.
Urgent reform needed to restore trust in UK constitution, warn think tanks September 19, 2023 An urgent reset is required in order to restore trust in the UK’s constitution, two top think tanks have warned. Faith in Britain’s political system has been shaken after a “tumultuous” string of events — from the Brexit process, the Covid-19 pandemic and the cost of living crisis — a report by the Institute for [...]
Water industry shake-up: Ministers accused of ‘deep-rooted complacency’ September 19, 2023 The government has been accused of “deep-rooted complacency” over water industry regulation in a report by the House of Lords. Peers, who reported on issues such as investment, water supply and wet wipes, have branded the government’s response to its findings one of “dismissive brevity and complacent tone”. It comes after the committee published a [...]
Can the City’s pension superfund dreams become reality? September 19, 2023 Government must go further and faster in reforming the UK’s pensions market if ‘superfunds’ that pump cash into the stock are to become reality, experts have warned.
Labour need to find ‘incentive’ for EU to reopen Brexit deal, expert warns September 19, 2023 Labour’s plans to seek a renegotiated Brexit deal with the European Union will require finding an “incentive” for the bloc to reopen talks, an expert has warned. Sir Keir Starmer has pledged to seek a “much better” deal if his party wins the next general election, and said Boris Johnson’s agreement, which is up for [...]
The Notebook: What Andrew Bailey and Liz Truss have learnt from football managers September 19, 2023 Today editor Andy Silvester on communication problems, the rugby world cup and a new worry for the insurance sector
OKX tie-up with McLaren part of ‘trust’ rebuild for sector September 19, 2023 CRYPTO giant OKX said yesterday that it sees sponsorships — such as its tie-up with McLaren — as a way of differentiating themselves from less reliable crypto exchanges.
New AI principles hint at pro-innovation future of UK regulation September 19, 2023 Britain’s competition watchdog has set out guidelines to steer the development of artificial intelligence (AI), which lawyers suggest could be a blueprint for a pro-innovation future of AI regulation. The Competition and Markets Authority (CMA) has proposed seven principles to guide the use and development of the foundation models that underpin AI giants like OpenAI’s [...]
Sizewell C seeks outside investment as TASC granted permission to appeal September 19, 2023 Sizewell C will now welcome outside investors to register interest, despite Together Against Sizewell C (TASC) being granted permission to re-challenge the build. Housing two of the world’s “most powerful” reactors, nuclear power plant project Sizewell C, which was approved in July last year, is expected to introduce 10,000 jobs across the UK and power [...]
Britain’s future cars could help drive home the winner of the next election September 19, 2023 As we gear up for an election, the automotive industry finds itself in a peculiar place. It is not merely a footnote in political discourse - it’s become the headline act of the next election.
