Letters: Failure at the high street bank September 5, 2022 [Re: Fintech lenders have failed to educate FCA on financial crime, August 23] The knowledge gap between financial regulators and digital banks is no surprise. Traditional financial institutions’ largely ineffective financial crime protections make mutual understandings between regulators and providers a rare occurrence. So, when digital banks are called out for their lack of transparency, [...]
UK in the running for £7bn lithium battery gigafactory among European peers September 5, 2022 The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets. The [...]
Brits ditch the loungewear and head back to the office: John Lewis September 5, 2022 Non-wired bras, velour tracksuits, jigsaws and wall-mounted desks have fallen out of favour with British shoppers as they put the lockdown lifestyle behind them, annual John Lewis sales figures suggest. The retailer’s annual How We Shop, Live And Look report suggests customers are “casting off the trappings of a life in lockdown” with sales of [...]
Serious Fraud Office to call for overhaul of disclosure regime following trial issues September 4, 2022 THE UK’s Serious Fraud Office (SFO) is pushing for the UK’s current disclosure framework to be reformed and brought into the 21st century, City A.M. has learned. The head of the fraud agency, Lisa Osofsky, is expected to use a speech in Cambridge tomorrow to call for an overhaul of the current disclosure regime, which [...]
Information watchdog reviews data complaint from striking barristers September 4, 2022 THE UK’s data protection watchdog is reviewing a complaint that argues justice secretary Dominic Raab could have breached privacy laws, after he allegedly requested that the names of striking barristers be collected and handed over to the Ministry of Justice (MoJ). London law firm Mishcon de Reya, acting on behalf of the Criminal Bar Association [...]
Solicitors watchdog to regulate after-work drinks and private parties September 4, 2022 The solicitors’ watchdog has said it will take action to investigate and prosecute cases of sexual misconduct that happen away from the office – even if those incidents occur at a pub or in a person’s home. The Solicitors Regulation Authority (SRA) said it will intervene in cases of sexual misconduct that take place in [...]
Rolex price hike in the UK thanks to weak pound sterling September 4, 2022 ROLEX has upped prices of watches sold in the UK as sterling’s weakness had made the brand’s high-end timepieces cheaper to buy here than in other markets. The price hike, first reported by trade publication WatchPro, comes amid growing concern at the strength of the pound, with some analysts suggesting it could near parity with [...]
Britons stuck in hour-long bottlenecks at Calais September 4, 2022 Hundreds of Britons returning home from abroad have been stuck in hour-long queues at the Port of Calais. Ferry operators P&O and DFDS have apologised for the bottlenecks at the border, telling travellers to arrive at least 90 minutes ahead of their expected departure. “Please be advised there are currently wait times of 90-120 minutes [...]
Truss appears to soften Bank of England independence stance September 4, 2022 Liz Truss appeared to soften her stance on the Bank of England’s level of independence today as the Tory party prepares to crown a new leader and Prime Minister. Truss, the presumptive next Prime Minister, said she was a “great believer” in the Bank of England’s independence and that she would not “countermand to the [...]
Magistrates’ Court workers to worsen disruption with nine-day strike September 4, 2022 Magistrates Court workers are set to add to the disruption facing the UK’s criminal justice system by launching a nine-day strike, from the 10th to the 18th September. The strike, involving members of the Public and Commercial Services (PCS) union, will see court staff take industrial action over the government’s £1bn courts digitalisation strategy. The [...]
