FCA poised to take more ‘proactive’ approach despite capacity strains July 19, 2022 The UK’s top financial watchdog said it was preparing to take a more “proactive” approach to identifying new financial threats today as it races to recruit staff this year to meet its growing remit.
E.ON backs ringfencing proposals as energy firms lock horns over market reforms July 19, 2022 One of the UK's largest energy firms has sided with Centrica in the escalating industry row over ringfencing customer credit balances.
HMRC takes tougher stance towards tax evasion following Covid and war in Ukraine July 19, 2022 The UK government is taking an increasingly tough stance towards tax evaders, according to new analysis from Pinsent Mason, in a sign HMRC is taking an increasingly tough stance towards tax evaders in its efforts to balance the UK’s books, lawyers have said. The number of individual taxpayers charged with tax evasion jumped 11 per [...]
In The Style entices new customers with influencer partnerships as it posts pre-tax loss July 19, 2022 Digital fashion retailer In The Style has seen its share price slump after posting a pre-tax loss in its debut full-year results as a public firm. Shares were down more than 35 per cent on Tuesday afternoon after CEO Sam Perkins admitted the year ahead would likely be “a challenging one for consumers and retailers.” [...]
Bank of England governor Bailey puts largest rate rise since independence on table July 19, 2022 The biggest rate hike since the Bank of England was made independent 25 years ago is on the table at its next meeting on 4 August, its chief said today. Delivering his annual Mansion House bankers’ dinner speech, Andrew Bailey said “a 50 basis point increase will be among the choices on the table when [...]
Schroders snaps up stake in digital asset manager in ‘tokenisation’ push July 19, 2022 Asset management giant Schroders announced it had snapped up a minority stake in digital asset manager Forteus today as it explores the potential of offering tokenised funds to investors.
Tory leadership: Sunak, Mordaunt or Truss will be next PM July 19, 2022 Rishi Sunak, Liz Truss and Penny Mordaunt are the three remaining candidates to be the next UK Prime Minister, after Kemi Badenoch was today eliminated. Sunak picked up 118 votes in the latest Tory leadership vote, followed by Mordaunt on 92, Truss on 86 and Badenoch on 59. There will be a final MP vote [...]
Royal Mail faces biggest strike of the summer as 115,000 posties gear up for action July 19, 2022 Royal Mail workers have voted in favour of strike action, the Communication Workers Union (CWU) confirmed this afternoon. Over 80,000 Royal Mail workers took to the ballot, with 97.6 per cent voting in favour of action on a 77 per cent turnout. The announcement means that Royal Mail now faces the biggest strike of the summer, with [...]
Heatwave: All trains suspended to and from Euston after electric cable comes down and causes fire July 19, 2022 Trains to and from Euston have been suspended after an overhead cable came down and caused a fire by the side of the track. Network Rail has urged passengers not to travel unless absolutely necessary after the London-Milton Keynes route was suspended on Tuesday. This comes after the UK recorded its first ever 40c temperature [...]
We must bring tech into every aspect of how we govern the country July 19, 2022 The digital revolution has changed the way we work, stay in touch with friends and organise our lives. I want to unleash this power at the heart of government to improve services, enhance competition and keep people safe. The digital economy has developed faster than government has been able to keep up, and in order [...]
