Banks, bonds, inflation, recession and energy: Five lessons the markets taught us this week March 17, 2023 The third week of March proved to be a rollercoaster for the world’s investors, with a rout on banks and the spectre of inflation, recession and the growing cost of living making their presence felt. These themes may indeed play on in future, so here are the five lessons we’ve learned from the markets this [...]
No strike? Still no service! Wednesday’s Tube walkout bleeds into Thursday as rail action cripples London commuter belt March 16, 2023 London commuters vented their anger as Wednesday’s Underground strike continued to cause disruption throughout Thursday morning. People going to work faced fresh difficulties this morning following yesterday’s industrial action by RMT and Aslef union workers, with stations closed up until 7am, as the service was regulated.. As of Thursday at midday, none of the Bakerloo, [...]
London Underground walkout hangover to compound Thursday’s rail strike – but can you get to work tomorrow? March 15, 2023 Members of the Rail, Maritime and Transport (RMT) union will walk out on Thursday 16 March and on Saturday 18 March in a dispute affecting train services in and out of London. Network Rail expects between 40 and 50 per cent of train services to run nationally but there will be wide variation across the [...]
Six ways business leaders think Chancellor can fix female entrepreneurship gap March 14, 2023 A group of senior business leaders have called on the Chancellor to use tomorrow’s budget to boost female entrepreneurship – with the UK economy said to be losing out on £250bn a year thanks to a lack of women starting and scaling businesses. Though women in the UK established over 150,000 new companies in 2022, [...]
British rent-a-bank acquires licence. What does that mean? March 9, 2023 Digital challenger bank Griffin has become the latest London-based fintech to secure a UK banking licence. Following authorisation with restrictions from the Prudential Regulation Authority (PRA), Griffin is now the UK’s newest bank, licensed to hold up to £50,000 in deposits. The much sought-after licence leaves the company poised to encroach on big banks’ hometurf [...]
