Another Goldman banker or a much needed hawkish voice: Who is Huw Pill? September 2, 2021 Much has been made over whether the corridors of the Bank of England will resemble a Goldman Sachs office following the appointment of Huw Pill as the Old Lady’s new chief economist. It does follow a string of high-profile appointments at the Bank in recent years from the pool of Goldman alumni. Mark Carney, who [...]
Freeports face delay due to ‘lack of tax detail’, experts say September 2, 2021 Tax experts have warned that the opening of England’s eight new freeports would likely be delayed because the government had yet to reveal details of the tax regime for the programme. After the locations for the new free trade zones were announced during March’s Budget the Treasury said that the programme could be up and [...]
Britain and India have a wealth of historical ties – now is the time to make it a 21st century partnership September 2, 2021 India has huge growth potential which is yet to be fully realised by UK businesses. Despite the historic ties, the large Indian diaspora in the UK and our familiarity with its food and festivals, India has not received the attention it deserves. There are, of course, hurdles to closer ties between the two nations, but [...]
Britain and India have a wealth of historical ties – now is the time to make it a 21st century partnership – CityAM : CityAM September 2, 2021 India has huge growth potential which is yet to be fully realised by UK businesses. Despite the historic ties, the large Indian diaspora in the UK and our familiarity with its food and festivals, India has not received the attention it deserves. There are, of course, hurdles to closer ties between the two nations, but [...]
Former HSBC boss John Flint lands UK Infrastructure Bank chief executive job September 1, 2021 John Flint, the former CEO of HSBC, has been appointed as the first chief executive officer of the new government-backed UK Infrastructure Bank. Chancellor Rishi Sunak has tasked Flint with leading the Bank’s mandate to identify and finance infrastructure projects as part of the government’s “levelling up” agenda. The UKIB was first announced at the [...]
Former HSBC boss John Flint lands UK Infrastructure Bank chief executive job – CityAM : CityAM September 1, 2021 John Flint, the former CEO of HSBC, has been appointed as the first chief executive officer of the new government-backed UK Infrastructure Bank. Chancellor Rishi Sunak has tasked Flint with leading the Bank’s mandate to identify and finance infrastructure projects as part of the government’s “levelling up” agenda. Also Read: Goodbye, John Flint: Why has [...]
Soaring inflation to add £12bn to Rishi Sunak’s debt burden August 31, 2021 Soaring inflation could add at least £12bn to the already heavy debt burden weighing on the public finances, possibly crimping Rishi Sunak’s room for giveaways at the upcoming budget. Higher-than-expected RPI inflation is set to push debt interest payments above official forecasts produced by the government’s spending watchdog. In its latest official forecasts published in [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
NHS chiefs ask Chancellor for £5bn more ahead of winter Covid surge August 30, 2021 NHS bosses have asked the government for billions more to cope with a winter coronavirus surge and a backlog. Health chiefs have implored Chancellor Rishi Sunak to inject £5bn more into the service to help it cope with the aftermath of the pandemic. In talks, the Treasury has been accused of working from “fantasy” figures [...]
Contactless limit to rise to £100 from October August 27, 2021 The limit for spending on contactless cards will reportedly rise from £45 to £100 on October 15. In March, Rishi Sunak confirmed that the payment limit would be raised in order to boost businesses as the UK recovers from the Covid-19 pandemic. UK Finance, an industry body which represents banks, today confirmed that the changes [...]