A stronger trade relationship with India is a durable investment we should urgently make May 12, 2023 We should bring a laser-like focus to our negotiations with India for a trade agreement. If we score the right deal, our stock market, start-ups and many other industries and sectors will benefit, writes Deji Alonge
London can’t continue to measure its success by fintech unicorns May 12, 2023 Only weeks ago, Jeremy Hunt called the UK the ‘Unicorn Kingdom’, but the firms valued at over £1bn in fintech are no longer the measure of our success, writes Jack Davies.
Fintech calls for anti-fraud tax to tackle scamming epidemic May 11, 2023 Tide has argued the government should introduce an anti-fraud tax to fund the battle against fraud as the fintech firm criticised the lack of ambition in the recently released fraud strategy. Although Tide – which provides mobile banking services for SME businesses – welcomed the creation of a National Fraud Squad, it argued it was [...]
Homebuilders and contractors condemn Gove’s U-turn on scrapping leasehold May 11, 2023 Homebuilders and contractors have come out against Michael Gove’s decision to U-turn on scrapping leasehold. Despite previously promising to abolish what he defined as a “feudal” system of property ownership, the plans have now been dropped by the levelling up secretary. Through leasehold, people buy the right to live in their flat, but not the [...]
Heathrow vs airlines – dispute continues as parties given permission to appeal price cap May 11, 2023 Heathrow Airport and three major airlines have been granted permission to appeal the Civil Aviation Authority (CAA)’s decision on the Heathrow price cap this afternoon. The airlines, which are Virgin Atlantic, British Airways and Delta Air Lines, have been locked in a fierce dispute with Heathrow over the amount the airport can charge per passenger. [...]
Hospitality: BoE interest rates hike could ‘significantly impact businesses’ May 11, 2023 The hospitality sector has expressed concerns that the Bank of England’s decision to raise interest rates could “significantly impact business viability,” as the interest rates on loans many pubs and restaurants took out to survive the pandemic are now set to rise. “Hospitality was the business sector most affected by the pandemic, with a large [...]
Bank of England governor Andrew Bailey rebuffs Huw Pill’s ‘accept you’re worse off’ comment May 11, 2023 The Governor of the Bank of England has suggested that the Bank’s most senior economist chose the wrong words when saying that people and businesses should accept they are poorer now because of inflation. Andrew Bailey said that there had been a hit to national income, and did not appear to criticise the substance of [...]
Change in state pension age not to be decided until after next general election May 11, 2023 A decision on changing the state pension age won’t come until after the next general election, a top cabinet minister has admitted. Work and pension secretary Mel Stride said the starting age is not likely to go up to 68 until the 2040s and that there is “no reason why you need to take the [...]
HSBC fined £12m by US watchdog due to ‘widespread and longstanding failures’ in bank’s Whatsapp use May 11, 2023 HSBC has been fined $15m (£12m) by the US Securities and Exchange Commission (SEC) as banks continue to pay the price for the use of private messaging services such as Whatsapp. The penalty was issued in response to “widespread and longstanding failures” by the bank and its employees to “maintain and preserve electronic communications.” According [...]
Supertool: S4’s Sorrell says AI ‘more effective than a 25-year-old media buyer’ May 11, 2023 S4’s chairman Sir Martin Sorrell is optimistic about the future of AI as his advertising agency embraces it to supercharge their productivity and reach. Sorrell said S4 had already seen an increase in viewing metrics because AI was helping employees speed up ad copywriting and aggregate data that makes it easier to hyper-personalise and target [...]
