How have crypto market moves affected consumer behaviour online? November 14, 2021 Ed Lavery explains how crypto market moves have affected consumer behaviour online.
Bank of England defends fossil fuel funding to Extinction Rebellion November 14, 2021 The Bank of England (BoE) reportedly tried to appease Extinction Rebellion (XR) protests earlier this year, as the climate activist group targeted City fossil fuel financing. In emails with XR members, the central bank urged that government instead has the “primary levers for driving the economy-wide transition to net-zero emissions”, The Telegraph first reported. In [...]
Best of this week in our opinion pages: From Mark Carney’s climate bet and Tory sleaze scandals to protecting abuse victims in virtual courts November 13, 2021 On Friday, City A.M. columnist Josh Williams’ turned to Mark Carney’s efforts to build a consortium of investors keen to save the planet from climate change. But his claim to have $130tn at the ready was over-exaggerated and distracted from his mission. Instead, the former Governor of the Bank of England should take a leaf [...]
IFS: Brits unlikely to spend pandemic savings anytime soon November 12, 2021 Brits are unlikely to dip into their pandemic-induced savings and splash the cash any time soon. A greater propensity to save, especially among richer households, and maintaining savings habits adopted during the Covid-19 crisis will deter Brits from spending, according to the economic think tank the Institute for Fiscal Studies (IFS). Normal spending patterns were [...]
A bank to bridge the gap November 12, 2021 Eleven months after the announcement of a new national infrastructure bank it made its first investment. Can this new institution follow the success of its predecessor the Green Investment Bank and have a real impact on a green future. Our Green Finance Forum panel discusses. Level up On October 25th this year, the UK National [...]
Mark Carney, Exxon Mobil and the parable of purpose and turning a profit November 12, 2021 Gfanz, the inelegant rendering of the even less memorable Glasgow Financial Alliance for Net Zero, is Mark Carney’s climate change vehicle. Last week, the former Bank of England Governor declared that it had mobilised $130tn in pursuit of net zero. The figure is incredible. For context, it is more than six-times America’s GDP, and greater [...]
Women who stay away from office risk their careers, BoE committee say November 12, 2021 Women who stay away from the office risk their careers suffering as more staff return to the workplace after the pandemic, a member of the Bank of England’s monetary policy committee said.
Credit management veteran reflects on the pandemic: ‘Have you had a good crisis?’ November 11, 2021 Colin Storrar, the CEO of Lowell, one of the UK’s largest credit management companies, returns my question with a question, or rather a series of questions, when asked about his priorities since the first national lockdown was announced. “How have you treated your people this crisis? Have you thought about their work environment? Have you [...]
Pound plunges to yearly low against dollar on underwhelming UK GDP figures November 11, 2021 The pound has plunged to its lowest level against the dollar this calendar year driven by traders dumping the currency after fresh data showed the UK economic recovery is stalling. Pound sterling dipped to day low of $1.3365, the weakest the pound/dollar exchange rate in 2021, following the release of new GDP data from the [...]
UK recovery blinks in the face of supply chain breakdowns leaving economy stumbling behind G7 rivals November 11, 2021 The UK economic recovery is blinking in the face of severe supply chain breakdowns and soaring inflation, leaving Britain stumbling behind its G7 rivals. Over the three months to September, the British economy grew 1.3 per cent, much lower than experts’ expectations, according to the Office for National Statistics (ONS). Worryingly, the ONS revised down [...]