Banks lose out as Brits join the open finance craze under lockdown November 15, 2021 Brits dissatisfied with services offered by traditional banks are being lured into the world of open finance in increasing numbers. During the pandemic, challenger banks and fintechs tripled their share of the credit card market and grew their personal loan books by 50 per cent according to new data from ClearScore. The research showed that [...]
UK government expands post-Brexit loan programme for exporters to overseas firms November 15, 2021 Overseas firms looking to set up shop and export from the UK will now be eligible to take out government-backed loans potentially worth billions of pounds, after an expansion of a post-Brexit lending programme. International trade secretary Anne-Marie Trevelyan said the new policy, done through the UK government’s credit agency UK Export Finance, will help [...]
The crypto industry is a ‘two front war’ says Blockchain.com’s strategy lead November 15, 2021 Blockchain.com’s chief strategy officer called the crypto industry a ‘two front war’ in which traditional institutions are struggling to keep up with grassroots innovation. Charlie McGarraugh, joined representatives from Coinbase, GSR and Enigma Securities to discuss institutional access to the crypto market at the Digital Asset Summit. Speaking in London today McGarraugh of crypto exchange [...]
Tesla’s market value tumbles below $1tn after Musk’s offloading November 15, 2021 Tesla’s market value has fallen below $1tn for the second time in four sessions, after investors reacted to chief executive Elon Musk’s offloading $6.9bn worth of shares. Following a $187bn loss in market value over the last week, the company dropped below $995.75, losing its $1tn status. Tesla’s shares bottomed to $983.25 this morning – [...]
Bailey hot under the collar over price rises as City warns BoE inflation will scale to double its target November 15, 2021 The governor of the Bank of England is deeply agitated by red hot inflation in the UK despite voting in favour of leaving interest rates unchanged at a record low. Responding to a grilling by MPs, Andrew Bailey said he was “very uneasy about the inflation situation”. Inflation is “not of course where we want [...]
ESG, but what about the S? New City Lord Mayor seeks to improve diversity November 15, 2021 The City’s new Lord Mayor has urged that, while the financial hub’s recent environment work has been noted – more work needs to be done on diversity. “Fewer than one in 10 management roles in financial services sector are held by Black, Asian, or other ethnic minority people,” City Lord Mayor Vincent Keaveny said. “I [...]
Johnson: Get a booster jab or face Covid restrictions over winter November 15, 2021 Boris Johnson has warned that eligible people need to get their booster jabs if England is going to avoid fresh Covid restrictions over winter. Johnson today said a “new wave of Covid has steadily swept” through Europe and that “if we want to control the pandemic in the UK and avoid restrictions on our daily lives, [...]
There will be enough turkeys for Christmas, says British Poultry Council boss November 15, 2021 Though the UK will not face a severe shortage of turkeys this Christmas, choices will be limited, according to the head of the British Poultry Council (BPC). The shortage of the festive bird has been a symptom of the country’s current labour shortage, which has seen fewer retail staff, butchers and meat processing plant workers. [...]
Sam Torrance: DP World Tour Championship marks the end of an era – but also start of a new one November 15, 2021 This week’s DP World Tour Championship doesn’t just mark the end of the Race to Dubai and the European Tour season, it is also the end of an era. Following the news that the European Tour will rebrand as the DP World Tour next season – starting at the Joburg Open next week – these [...]
Booster jabs to be requirement for NHS travel vaccine passports, says Johnson November 15, 2021 Booster jabs will be added to NHS vaccine passports and will be required if people want to be considered as “fully vaccinated” for international travel, according to Boris Johnson. Johnson said at a Covid press conference today that booster jabs “will make life easier for you in all sorts of ways” and that “we will [...]
