The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry April 15, 2024 On April 3rd, the Bank of England and FCA jointly published a consultation which marked the next step in opening a Digital Securities Sandbox (DSS) in the UK. The DSS is key to supporting responsible innovation in the UK. It allows market participants to try out new business models that are not yet permitted under current regulations, while simultaneously enabling regulators to identify where legislation and policies may need to change.
Markets await March inflation data for new signals on interest rate cuts April 14, 2024 Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
Marks and Spencer chair: Labour’s new deal for workers could hurt investment April 14, 2024 The chairman of Marks and Spencer has said Britain may risk being unable to attract investment if Labour's new deal for workers is rolled out upon winning the next general election.
Jeremy Hunt declares he is ready to ‘cut taxes and bet on growth’ April 13, 2024 Chancellor Jeremy Hunt has declared he is ready to “cut taxes and bet on growth” after the UK’s gross domestic product (GDP) grew again in February.
Will UK mortgage rates rise even more if US inflation stays hot? April 13, 2024 London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Bank of England commits to ‘once in a generation’ reform after Bernanke review April 12, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
Do today’s GDP figures really show improvement in the UK economy? April 12, 2024 Today's release of figures on the UK economy figures feels like a big deal, with people proclaiming the end of recession. Is that right?
UK economy grows in February as recovery gathers steam April 12, 2024 The figures will raise hopes that the UK economy can move on from a disappointing 2023.
Traders expect fewer Bank of England interest rate cuts after US inflation surprise April 11, 2024 Markets think the Bank of England will cut interest rates just twice in 2024 reflecting concerns around the persistence of inflation.
Lenders expect higher default rates on mortgages and credit cards in coming months April 11, 2024 British lenders are seeing increasing demand for mortgages and credit card lending but higher default rates, according to an official survey, as households and businesses struggle with elevated borrowing costs.