Bank of England governor Mark Carney renews calls to help businesses navigate Brexit November 30, 2016 Bank of England governor Mark Carney has today reiterated his views that businesses need a helping hand to get through Brexit. Speaking at a press conference to coincide with this morning's release of the Bank's stress test results and latest Financial Stability report, Carney said that businesses needed as smooth a transition as possible as [...]
Bank of England governor Mark Carney says biggest risks to the UK are outside the UK November 30, 2016 The governor of the Bank of England has today said some of the biggest risks facing the UK's financial ecosystem come from places other than the UK itself. Discussing the Bank's stress test results and Financial Stability report, which were released this morning, Mark Carney pointed to China's dependence on credit expansion to fund its growth [...]
The results are out: Here’s how your bank would do if 2008 repeated itself November 30, 2016 Royal Bank of Scotland has failed all of the Bank of England's stress test measures, the worst performer among the UK's major lenders. RBS will now have to draw up a new capital plan, and the Bank's prudential regulation authority (PRA) will monitor its progress. RBS finance chief Ewen Stevenson said: "We are committed to creating a stronger, [...]
One in five self-employed people have almost been driven out of business because of too much finance admin November 30, 2016 Sorting out paperwork can quickly take up chunks of time for anybody running their own business or working for themselves, but there's one particular aspect of it which is driving some over the edge. One in five (19 per cent) self-employed people have been so tied down going through the processes of organising their finances, such [...]
Everything you’ve ever wanted to know about the Italian referendum (but were too afraid to ask) November 29, 2016 It might be hard to believe but not even six months after the UK's markets were rocked by the unexpected decision to depart from the EU, there's another European referendum around the corner with potential to shake things up all over again. This Sunday, Italians will head to the polls to vote in their own [...]
These MPs think we don’t know how to measure apprenticeships’ success, and it’s causing a big Brexit-y problem November 29, 2016 NULL
The City watchdog sets its sights on overdrafts and other high cost products, after its success with payday loans November 29, 2016 The City watchdog is taking a closer look at overdrafts and other high-cost credit products, following a crack down on payday loan price caps last year. The Financial Conduct Authority (FCA) has today launched a consultation, calling for evidence and feedback, on products where it is concerned the cost to consumers might overweigh the benefits. Products [...]
Watch out for your phone: Cyber criminals won’t just be targeting your computer in 2017 November 29, 2016 Long gone are the days when people just had to be wary of their emails for suspicious attachments, as a report out today forecasts cyber criminals will be targeting smart devices and other futuristic tech much more in 2017. Among the predictions for next year from an Intel Security McAfee Labs report were an increase in attempts of dronejackings, [...]
Chancellor backs management consultants, as a quarter of industry gets ball rolling on Brexit plans November 29, 2016 Chancellor Philip Hammond has given his blessing to the country's management consultants, after a recent survey showed over a quarter were kicking off contingency plans for Brexit. In a letter from the chancellor to the Management Consultancies Association (MCA) and seen exclusively by City A.M., Hammond calls the industry a "vital part of the economy, [...]
