City regulators set for fresh scrutiny as ministers push post-Brexit reforms May 21, 2023 Ministers are looking to strengthen their oversight of financial regulators and boost accountability for decision-making as part of post-Brexit plans to rein in regulatory red tape and fuel the growth of the City.
Watch: Just Stop Oil activist thrown to the ground by angry passer-by near Tower of London May 19, 2023 A Just Stop Oil activist was thrown to the ground by a passer-by during a protest in central London. In a video posted on social media, the man can be seen approaching a group of campaigners as they slow march in front of traffic on Mansell Street, near the Tower of London, on Friday. The [...]
‘Job perk’ or employment right? Flexible working a step closer to being law May 19, 2023 Peers have supported moves to give employees the right to request flexible working from their first day in a job. The Employment Relations (Flexible Working) Bill is a “very welcome starting point and not an end point” for reforming working conditions, according to Labour. The measures are supported by the Government and received an unopposed [...]
Appetite for ESG investing falls – but could tighter regulation improve its performance? May 19, 2023 ESG is sliding down the list of investment priorities as investors refocus on maximising returns amid ESG’s poor performance and wider market volatility. According to the latest research by Charles Schwab UK, in two years the number of investors who believe companies with strong Environmental, Social and Governance (ESG) credentials are attractive investment options has [...]
UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation May 19, 2023 The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]
Explainer: How Rishi Sunak is trying to strike a balance on AI regulation May 19, 2023 World leaders’ meetings like the G7, taking place in Japan right now, are not only about cringy photo ops and bilateral diplomatic statements. They’re also an opportunity for politicians to set out strategies and deliver messages to their foreign counterparts and their own domestic audience. Rishi Sunak has proven a sleek player on the foreign [...]
Tesco boss John Allan quits: Britain’s biggest supermarket concerned behaviour claims are ‘distraction’ May 19, 2023 John Allan, the chair of Tesco, will quit his role fearing accusations about his behaviour are becoming a “distraction”. The former president of the Confederation of British Industry (CBI), which has been embroiled in serious accusations of sexual misconduct including rape, will step aside from Britain’s biggest supermarket. In a trading update late on Friday [...]
Klarna UK boss quits but predicts BNPL firm will “trailblaze” in payments and banking May 19, 2023 Klarna’s UK boss Alex Marsh announced today that he was stepping down having been at the firm for four and half years. Marsh, who joined Swedish buy-now pay-later (BNPL) firm Klarna in 2018, described his time at Klarna as “nothing short of phenomenal”. However, he said that a recent family tragedy has “brought home that [...]
Crypto investing can be risky, but it’s nothing like gambling May 19, 2023 The UK has an opportunity to be at the forefront of crypto policy. Failing to grasp this opportunity could prove to be the true gamble, says eToro's Dan Moczulski
Plans to shake up British railway network could be watered down as new powers likely delayed May 19, 2023 Plans to shake up the railway network may be watered down as legislation to give powers to a proposed new public sector body could be delayed, it has been reported. Great British Railways (GBR), announced in 2021 by then-prime minister Boris Johnson as a way to simplify the rail network and improve services for passengers, [...]
