City regulators demand banks and insurers reveal plans to move away from Libor September 19, 2018 The City's top regulators today demanded banks and insurers tell them their plans for moving away from the Libor rate used in contracts worth trillions of pounds. Firms are currently contemplating how to transfer often complex contracts and systems referencing the rate onto new benchmarks before 2021, when the scandal-hit Libor may become defunct. The [...]
City regulators demand banks and insurers reveal plans to move away from Libor September 19, 2018 The City's top regulators today demanded banks and insurers tell them their plans for moving away from the Libor rate used in contracts worth trillions of pounds. Firms are currently contemplating how to transfer often complex contracts and systems referencing the rate onto new benchmarks before 2021, when the scandal-hit Libor may become defunct. The [...]
Inflation driven to six-month high by fuel and package holiday prices September 19, 2018 Inflation in the British economy rose at its fastest rate in six months in the year to August, with increases in prices of petrol and package holidays among the main contributors to price growth. The consumer price index (CPI) tracking inflation rose by 2.7 per cent compared to last year, according to the Office for National [...]
Inflation driven to six-month high by fuel and package holiday prices September 19, 2018 Inflation in the British economy rose at its fastest rate in six months in the year to August, with increases in prices of petrol and package holidays among the main contributors to price growth. The consumer price index (CPI) tracking inflation rose by 2.7 per cent compared to last year, according to the Office for National [...]
Businesses should become radically transparent, open, and honest – even about salaries September 19, 2018 Slowly but surely, the secretive, paternalistic corporate culture of the past is being infiltrated by a new approach that embraces the concept of radical transparency. There’s a new breed of organisation that thrives on the notion of having no secrets from its employees, its customers, or any other stakeholders. These companies share every last detail [...]
Businesses should become radically transparent, open, and honest – even about salaries September 19, 2018 Slowly but surely, the secretive, paternalistic corporate culture of the past is being infiltrated by a new approach that embraces the concept of radical transparency. There’s a new breed of organisation that thrives on the notion of having no secrets from its employees, its customers, or any other stakeholders. These companies share every last detail [...]
London house price growth sinks to near-decade low September 19, 2018 London house prices plunged to their lowest rate of growth in nearly a decade in July, falling 0.7 per cent as the capital's property market slowdown shows no sign of easing up. The average London property cost £485,000, marking the steeping decline since September 2009, according to the latest figures from the Office for National Statistics (ONS). Meanwhile, [...]
London house price growth sinks to near-decade low September 19, 2018 London house prices plunged to their lowest rate of growth in nearly a decade in July, falling 0.7 per cent as the capital's property market slowdown shows no sign of easing up. The average London property cost £485,000, marking the steeping decline since September 2009, according to the latest figures from the Office for National Statistics (ONS). Meanwhile, [...]
The Bank of England’s own data negates Carney’s overhyped house price warning September 19, 2018 No one can tell them quite like Mark Carney, the governor of the Bank of England. He appears to have briefed the cabinet last week that house prices could fall by 35 per cent in the event of a no-deal Brexit. To be fair, the Bank did try to qualify this figure by saying that [...]
The Bank of England’s own data negates Carney’s overhyped house price warning September 19, 2018 No one can tell them quite like Mark Carney, the governor of the Bank of England. He appears to have briefed the cabinet last week that house prices could fall by 35 per cent in the event of a no-deal Brexit. To be fair, the Bank did try to qualify this figure by saying that [...]