BoE governor Andrew Bailey: Vaccine ‘a big step forward’ for UK economy November 17, 2020 Bank of England governor Andrew Bailey has called the development of seemingly effective coronavirus vaccines “a big step forward” for the economy that could help lower uncertainty and get firms investing again. Speaking at lobby group The City UK’s conference, Bailey said both coronavirus and Brexit had “increased uncertainty” and “restrained investment”. He also said [...]
Watch it grow November 17, 2020 Beating Congestion Bitcoin continued to edge higher, making steady progress through the congestion area between $16,100-17,150. The risk on sentiment shows no sign of abating and the trend higher is therefore expected to remain in place. With that in mind, the aggregate open interest (OI) rose yet again to a new record high and continuing [...]
Exclusive: UK investors turn to property as they brace for a recession November 17, 2020 UK investors worried about the government’s handling of the pandemic and Brexit are turning to property as they brace for a recession. A survey of over 1,000 investors by FJP Investment reveals nearly two thirds – 62 per cent – are concerned that the government’s mishandling of the pandemic will result in a long-term recession. [...]
Why blockchain can’t solve Brexit related customs issues November 17, 2020 Brexit is happening. Love it. Hate it. In denial about it. Excited about it. None of that matters. It’s coming. And it doesn’t matter about a deal, no deal, a great deal or a terrible deal – things at the borders are going to change. Can blockchain provide a magic solution to make everything ok? [...]
UK Brexit chief says trade deal could be struck ‘early next week’ November 17, 2020 The UK’s chief Brexit negotiator David Frost has reportedly told Prime Minister Boris Johnson to expect a trade deal with the EU “early next week”. The Sun reported that Frost said there was a “possible landing zone” that could be reached as early as next Tuesday. Britain and the EU are entering a key phase [...]
Boris Johnson in hot water after calling Scottish devolution a ‘disaster’ November 17, 2020 Prime Minister Boris Johnson has riled Scottish independence campaigners and some of his own party after calling the devolution of powers to Holyrood “a disaster”. The comments came during a call with around 60 English Conservative MPs, during which Johnson promised to pump money into infrastructure projects in the north. His comments were seized upon [...]
Small businesses ‘more prepared’ for second lockdown, research shows November 17, 2020 Two-thirds of small and medium sized enterprises (SMEs) in England felt more prepared for the current national lockdown compared to when restrictions were first introduced in March. Businesses said they were more prepared for the new coronavirus rules, under which hospitality venues and non-essential stores have been ordered to close. The latest research showed that [...]
Relax, the EU needs a last-minute equivalence deal with the City too November 17, 2020 How do things look when it comes to financial services post-Brexit? At first glance, not good. Despite chancellor Rishi Sunak stating that the UK would grant the EU access to its markets, Brussels is claiming it will only allow the City access to European markets if it is “in the EU’s interests”. With less than [...]
Exclusive: Ministers risk ‘catastrophic’ outcome for financial services in Brexit talks, warns mayor November 16, 2020 Sadiq Khan has today warned that the Government risks a “diminished country” if it fails to protect the financial services industry in Brexit negotiations.
Government must shield, not sacrifice, financial services in Brexit negotiations November 16, 2020 The health and success of London’s financial businesses is pivotal to the national interest. Banks and other financial institutions that operate out of the Square Mile and Canary Wharf play a vital role in financing businesses, start-ups and critical infrastructure projects in every corner of the UK.