The iron grip of Whitehall-think of keeping Britain’s productivity down March 10, 2023 Jeremy Hunt needs to keep the ship steady, but he’s also missing an obvious trick to allow Britain to build up it’s depleted productivity again, writes John Dickie
Londoners most at risk of being among the 350,000 UK borrowers who will struggle to repay their mortgage, regulator warns March 10, 2023 An extra 356,000 mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000 mortgage borrowers could become financially stretched by the end of June 2024, [...]
SFO under fire for ‘huge mistakes’ and wasting millions of taxpayers’ cash in 10-year probe of G4S March 10, 2023 The Serious Fraud Office (SFO) has come under fire for wasting millions of pounds of taxpayers’ money and making “huge mistakes” in its 10-year investigation into G4S’s electronic tagging arm as charges against three former executives were dropped. In September 2020, former managing director Richard Morris, former commercial director Mark Preston and former finance manager [...]
HS2 at risk of being ‘dismembered’ and never resurrected, peers warn government March 10, 2023 HS2 is at risk of being “dismembered” and never resurrected after further delays were announced by the Government, peers have heard. Cost-saving measures mean the construction of the Birmingham to Crewe leg of HS2 will be delayed by two years and services of the high speed rail line may not enter central London until the [...]
KuCoin hit with lawsuit from New York Attorney General March 9, 2023 New York Attorney General Letitia James has filed a lawsuit against KuCoin for "failing to register as a securities and commodities broker-dealer and falsely registering itself as an exchange".
City minister Griffith calls in top Hogan Lovells lawyer to boost floundering capital markets March 9, 2023 Ministers have called in a top City lawyer to oversee a review of the investment landscape today amid fears the UK’s capital markets are losing ground to international competitors. In a speech to traders in the Square Mile, City minister Andrew Griffith said that Rachel Kent, a senior partner at Hogan Lovells, would oversee the [...]
Hammerson: Shopping centre champ fails to reassure investors on retail outlook as shares fall March 9, 2023 Shopping centre giant Hammerson has failed to reassure investors on the outlook for retail, with shares dropping 11 per cent after the firm said its portfolio value had fallen. The group, which owns Brent Cross shopping centre, increased its adjusted earnings by 60 per cent for the year to hit £105m, up from £66m the [...]
London fintech Railsr rescued from collapse in emergency sale March 9, 2023 Embedded banking platform Railsr has been rescued from collapse after it was snapped up by a group of investors led by London-based D Squared Capital. The City-based fintech, which has been on the hunt for a buyer after running into cash troubles in the past year, said today that it had been “purchased and re-capitalised” [...]
PLANET CRYPTO: Poor scammers feeling the squeeze as crypto crime revenues tumble March 9, 2023 The trumpeters of titillation at Planet Crypto have this week been compromised by an unexpected and unwanted visitor...
Brexit: Retained EU law deadline must be extended to avoid ‘rushed bonfire’ of regulations, think tank warns March 9, 2023 The post Brexit retained EU law deadline should be extended to avoid a “rushed bonfire” of business regulations, a think tank has warned. Government risks missing a “golden opportunity” to boost the quality of the statute books if it does not lengthen the December 2023 deadline for the so-called sunset clause. Most Brussels legislation will [...]
