UK banks’ increasing reliance on short term funds is concerning, experts warn October 3, 2023 Banks in the UK are increasing their reliance on short-term funding, with experts warning that regulators need to prevent financial stability risks from emerging.
The traditional financial system is broken – Bitcoin fixes this October 3, 2023 In an era of fiscal uncertainty, the need for sound money, like Bitcoin, becomes ever more critical, says Susie Violet Ward.
Insurers to face Bank of England’s ‘dynamic’ stress tests from 2025 October 3, 2023 Insurance firms will be subject to "dynamic" stress tests from 2025 as the regulator seeks to ensure the sector remains financially secure in the face of major regulatory changes.
London business confidence stalls as concerns around inflation remain for firms October 3, 2023 Easing inflation has failed to improve business confidence in London, with just a quarter of firms anticipating the capital's economy to improve over the next year.
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
FCA in data protection scandal over ‘intercepting and diverting’ emails October 2, 2023 The Financial Conduct Authority is at the centre of a data protection scandal over a policy of “intercepting and diverting” emails of its staff to keep track of people “considered a nuisance”, according to reports. The UK’s data watchdog, the Information Commissioner’s Office, has concluded that the FCA had “infringed their data protection obligations” after [...]
Dorries by-election: Can Labour or Lib Dem flip Mid Bedfordshire? October 2, 2023 Ahead of a by-election to replace Nadine Dorries as MP, Labour and the Lib Dems have fought a fierce battle for the soul of Mid Bedfordshire.
Should we be paying more attention to the money supply in fight against inflation? October 2, 2023 The surge in inflation over the past few years caught most central banks and many economists by surprise.
Fintechs back digital pound arguing it will boost innovation and competition October 1, 2023 Fintechs are excited by the potential of a so-called digital pound arguing it will help spur innovation in the UK and create a more competitive payments environment.