Klarna set to share customer buy-now pay-later data with credit agencies as regulation looms May 4, 2022 Fintech giant Klarna is set to begin sharing buy-now pay-later (BNPL) information with credit reference agencies as the sector scrambles to get ahead of a regulatory clampdown expected this year.
Spiralling house prices push millions into higher stamp duty bracket May 4, 2022 Spiralling house prices have pushed 4.3m households into a higher stamp duty bracket since March 2020, according to the latest research. The average price of a home has skyrocketed by £29,000 to £249,700 since Covid-19, spurred in part by a city exodus and the rush to get deals done amid the pandemic-era stamp duty holiday. [...]
Cost of living crunch to deliver shock to UK households’ balance sheets May 4, 2022 Households’ balance sheets are set to be tainted by problem debt this year, driven by the worsening cost of living crunch forcing Brits to turn to credit cards to pay bills, reveals fresh analysis published today. Accelerating inflation over the course of this year is likely to spark a jump in unsecured lending, credit that [...]
IFS: Top City brass pocket decade-beating payouts May 4, 2022 Top bosses in the City are pocketing bumper payouts not seen for a decade, reveals analysis published today by a leading economic think tank. Growth in average pay packets in the Square Mile has far outstripped the rest of the economy since just before the onset of the Covid-19 crisis, according to the Institute for [...]
Sunak must welcome Bitcoin into the financial markets with its core principles intact May 4, 2022 Mainland Brits often joke about their expat compatriots in Gibraltar, saying that watches have to be turned back 20 years when you’re there. Gibraltar has always been a popular target for condescension. Yet this supposedly “backward” place has been consistently ahead of the curve on Bitcoin adoption and regulation. In 2018, the territory was the [...]
Aerial tube map goes viral in London May 4, 2022 A Tube aerial map has resurfaced on Twitter, as it is being shared by tens of thousands of Londoners. The map was created by PhD candidate Martin Bangratz in 2018 after he saw a photo of London posted on Reddit. Bangratz, who studied at University College London’s Bartlett School of Architecture, asked for the photographer’s [...]
Unions warn rail cuts could increase the risk of crashes May 4, 2022 Reported railway cuts could increase the risk of serious crashes, according to trade unions. A report published today by the Trade Unions Congress (TUC) accused Network Rail of planning to cut around 2,5000 maintenance jobs as part of a £100m annual spending reduction, leading to the loss of 2,500 jobs. According to the TUC, cutting [...]
Porsche goes retro with new 911 Sport Classic – yours for £210,000 May 3, 2022 Inspired by the classic Carrera 2.7 RS, the limited-edition 550hp Sport Classic is the most powerful Porsche 911 with a manual gearbox.
Londoner accused of using Covid bounce back loans to fund Isis May 3, 2022 Thousands of pounds worth of taxpayer backed Covid loans have allegedly been used to fund terrorist activities abroad.
Windfall tax misses the point – energy giants must invest May 3, 2022 A windfall tax is a terrible idea – but BP would have been savvy to up investment not go for a buyback It’s the middle of 2020, and the price of oil has tanked to almost single digits. Energy giants are being slammed by an almost total collapse in demand. BP’s share price is down [...]
