Giving crypto the ministerial seal of approval comes with responsibilities April 4, 2022 As Rishi Sunak is finding out, value can be volatile. Last year he was the odds-on favourite to replace Boris Johnson in Number Ten, popular with Tory party members and (for a Cabinet minister, at least) the public at large. Alas this year, though Sunak has done very little differently, his stock isn’t quite flying [...]
Rishi Sunak sets out plan to turn UK into ‘global hub’ for crypto April 4, 2022 The Chancellor of the Exchequer has unveiled plans to transform the UK into a global hub for crypto assets.
Crypto the ‘new front line’ for scammers, says Bank of England governor April 4, 2022 The Bank of England's governor has issued a warning about a rising tide of fraudsters using crypto scams to dupe people out of their savings.
FCA and Bank of England launch review into nickel trading suspension by LME April 4, 2022 The LME is under pressure from UK regulators, announcing a review into its suspension of nickel trading last month.
Downing Street weighs up nationalisation of Gazprom’s UK retail arm April 3, 2022 The government is preparing to nationalise Gazprom's UK supply arm amid a stand-off between the firm and a Wall Street giant,
Home buyer demand bouncing back across UK with Blackpool, Swindon and Newcastle leading the pack April 2, 2022 Zoopla this morning said the supply of homes being put up for sale generally is building momentum, although the overall choice of properties remains constrained. Blackpool and Swindon are among the urban areas seeing a bounceback in home buyer activity, according to the property website. The stock of homes available to buy is still 42 [...]
Roman ‘hole in the wall’: World’s oldest cash machine found in UK April 1, 2022 A team of archaeologists have unearthed evidence of the world’s first cash machine dating back to the Roman empire, buried for centuries in an unassuming field in Hatfield, England. The ‘noteworthy’ discovery suggests Juno Moneta, the Roman Goddess of Money and Funds, was smiling on the British Isles as early as AD 265. The discovery, [...]
The City View: White Paper, black market for gambling? And April economic uncertainty March 31, 2022 Today Andy Silvester chats to City A.M. reporters Leah Montebello and Jack Barnett. Jack outlines the cost-of-living crunch that, some say, hasn’t been seen since the Second World War. He goes through the economic uncertainty that awaits in April, with tax, energy, and price hikes all coming into effect. Leah boils down the Betting and [...]
Q&A: will the gold price surge continue? March 31, 2022 James Luke explains the effect that Russian sanctions and Fed rate rises are having on gold, and what may lie ahead for the precious metal. Gold prices have been on an upward trend since mid-January, accelerating sharply upon Russia’s shocking invasion of Ukraine towards the end of February as investors flocked to perceived safe haven [...]
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]