What everyone warned for is now a fact: Supply chain woes are slowing UK economic growth November 11, 2021 The ONS said this morning that UK economic growth slowed sharply between July and September. The official figures show this is largely due to the ongoing supply chain problems. The economy expanded by 1.3 per cent between July and September, down from growth of 5.5 per cent in the previous three months. The ONS said [...]
GDP: Summer spending pushes UK economy growth spurt of 1.3 per cent November 11, 2021 The UK economy grew by 1.3 per cent between July and September, down from 5.5 per cent in the previous three months, the Office for National Statistics (ONS) has said. The quarterly figure has fallen below analyst estimates of 1.5 per cent. The UK’s GDP remains just 0.6 per cent below its pre-pandemic levels after [...]
Ed Warner: Why sponsors should beat a path to Yorkshire November 11, 2021 Yorkshire County Cricket Club might just be the most exciting sponsorship proposition right now. Mired in a racism crisis of its own making, deserted by its full roster of corporate partners, staring down the barrel of a parliamentary select committee, investigated by the Equality and Human Rights Commission – but with a new chair and [...]
Bitcoin is bigger than the Swiss Franc – is it time to consider crypto in your portfolio? November 10, 2021 As Bitcoin becomes bigger than the Swiss Franc, Gavin Brown asks 'is it time to consider crypto in your portfolio?'
The virtual metaverse requires very real-world regulation November 10, 2021 Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled in front of Select Committees to explain the colossal cock-ups that led to the London Capital & Finance minibond scandal – including its former boss Andrew Bailey, who despite [...]
Crypto Summit & Awards November 10, 2021 The curious and confusing world of cryptocurrency currently sits at a complex crossroads. Regulation and taxation loom large in the rear-view mirror, while governments and banks seem hell-bent on setting up road blocks to slow down the race towards mass public adoption of digital assets. Cryptocurrencies feature high on news agendas – and seldom for [...]
Bitcoin pulls back from yesterday’s all-time high November 10, 2021 The price of Bitcoin is down this morning, falling back from yesterday’s record high of over $68,000.
Brexit in the City: New powers for watchdogs FCA and PRA as UK moves away from EU rules November 10, 2021 The City’s main regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), will be given new powers to set rules as the UK moves away from the EU framework after Brexit, according to Government proposals. Regulators will be required to consider how the UK’s financial sector can grow and compete internationally when setting [...]
Labour squeeze to fuel inflation and clamp down on economy November 9, 2021 The ongoing labour squeeze plaguing the UK economy will trigger a surge in prices. That’s the warning from one of the Bank of England’s rate setters, who warned today that stronger inflation is the inevitable outcome of severe supply and demand imbalances. Responding to a grilling by MPs, Ben Broadbent, a deputy governor at the [...]
City watchdogs ordered to go for growth by government November 9, 2021 The government will task financial regulators with boosting the City’s competitiveness as part of a push to secure the UK’s status as a leading financial hub. In a sweeping set of reforms launched yesterday designed to overhaul the regulatory regime shaping the City, the government said regulators would be given a further objective to “facilitate [...]