UK banks still ‘resilient’ but BoE warns of ‘urgent need’ to address less regulated areas of finance sector March 29, 2023 UK banks are “resilient” despite global banking turmoil, the Bank of England said today, but warned there was an “urgent need” for further rules in the less tightly regulated market-based finance sector. Amidst volatility in the financial sector following Silicon Valley Bank’s collapse and the emergency acquisition of Credit Suisse by UBS, the Bank reaffirmed [...]
UK’s ‘Green Day’ plans in doubt as reports suggest they could be watered down March 29, 2023 The UK’s response to America’s mammoth subsidy package for renewable projects has been thrown into doubt today, after reports suggested that the planned energy policies could be watered down or pushed back to later this year. The government was set to unveil a host of new policies tomorrow, in what has been coined ‘Green Day’, [...]
Keir Starmer’s ban on Jeremy Corbyn has all but guaranteed he’ll win again March 29, 2023 Jeremy Corbyn being banned as a candidate for Labour at the next election is the best campaign footing he could have asked for – as an independent. He won the leadership against the odds in 2015 as an outsider within the party. Now he will be an outcast from Labour, but in reality, he’s still [...]
Pensions, Isas, child benefit limits and inheritance tax: Your ten point end of tax year checklist March 29, 2023 In five year’s time the annual income of another 2.1 million taxpayers will fall into the higher rate tax threshold, a rise of 47 per cent, according to the Office for Budget Responsibility (OBR). The threshold has been frozen since April 2021 – and is expected to stay frozen until April 2028 while the threshold [...]
Cardano leads dramatic crypto rally as Bitcoin powers through $28k again March 29, 2023 Bitcoin broke clear of $28k this morning while Cardano's native ADA token is pushing $0.40 with a dramatic 12% rise as crypto markets rally.
EU countries seek legal option to stop Russian LNG imports March 29, 2023 EU countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG gas supplies to EU nations.
Cash is NOT king: Almost half of Brits say they have been discouraged from using physical money March 29, 2023 Nearly half of people have recently been somewhere that has not accepted or has discouraged the use of cash, according to a survey. Some 45 per cent of people surveyed by YouGov between March 8 and 9 said they had been somewhere in the previous eight weeks where cash was discouraged or not accepted. One [...]
Germany wins exemption over EU laws to ban CO2-emitting cars March 29, 2023 EU countries gave final approval end sales of new CO2-emitting cars in 2035, after Germany won an exemption e-fuel vehicles.
Why National Grid needs to speed up renewable connections to win over energy investors March 29, 2023 National Grid needs to speed up grid connections for new renewable projects if it wants to win over more investors, argues Octopus.
Grain and a grape: Chapel Down sparkling wine sales fizz as Kent company sloes down gin and vodka focus March 29, 2023 Winemaker Chapel Down has reported a jump in sales and profits with drinkers snaffling up record numbers of it sparkling wine. The Kent-based company said sales of traditional-method sparkling wine – which includes its brut and sparkling bacchus – surged by more than 50 per cent over 2022, as the business took steps to become [...]
