Bank of England shirks historic rate hike despite warning of longer inflation September 22, 2022 The Bank of England today shirked the biggest interest rate hike since the late 1980s despite inflation threatening to run hot for months. Borrowing costs climbed 50 basis points to 2.25 per cent, their highest since November 2008 and the seventh rise in a row, the Bank announced. Before the decision, City economists and markets [...]
Start building your Bitcoin and Crypto portfolio September 16, 2022 One of the world’s longest-running cryptocurrency exchanges, CoinJar, could be exactly what you need if you’re interested in crypto. Founded in 2013, CoinJar has helped more than 650,000 people worldwide to buy, sell, store and spend billions in Bitcoin, Ethereum and more than 50 other cryptocurrencies. One of the first exchanges in the UK to [...]
Von der Leyen sets out £120bn energy windfall plan and says Ukraine may join single market September 14, 2022 The European Union has set out plans to raise more than £120bn with a windfall tax and revenue cap on energy suppliers, as its commissioner reiterated the bloc’s backing for Ukraine. The body announced it would cap revenues for non-gas energy suppliers in a bid to reverse the fuel problem in Europe, sparked in part [...]
Could the Ethereum ‘Merge’ leave you facing a tax bill? September 12, 2022 Tony Dhanjal, Head of Tax at Koinly, analyses the Ethereum 'Merge' to see if investors could be stung with a tax bill.
EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ City of London September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told City A.M.. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
If Liz Truss thought winning was hard, governing will be a formidable task September 6, 2022 It will not feel like it to Liz Truss, but that was the easy bit. Political campaigns are always brutal, exhausting and emotional affairs; none more so than this summer’s long and fractious Conservative leadership contest. But the challenges of the last few months pale into insignificance against the enormity of what the new prime [...]
Westbrooke Associates: Investment Strategies for Turbulent Times August 16, 2022 Many factors are attributed to 2022 being one of the most volatile global markets on record. Averse to instability and the unknown, currently, markets are enduring rising inflation and geopolitical uncertainty. Taking into consideration the Ukraine conflict, disruption of Russian energy exports, rising food costs and energy prices, it’s no wonder that market volatility is [...]
Lloyd’s of London aims to attract billions in capital via launch of new investment vehicle August 4, 2022 Lloyd’s of London has set out plans for the launch of a new investment vehicle, with a view to drawing in billions from institutional investors. The London insurance market today announced plans to set up a second protected cell company (PCC) following the successful launch of its London Bridge Risk PCC vehicle last year. [...]
Political rivalry will keep Transport for London in eternal financial purgatory August 4, 2022 People who live and work in London know the city would grind to a halt without an efficient public transport network. Almost half of the country’s 22 million public transport journeys undertaken every day are in London. Just a quarter of Londoners use a car to get to work – elsewhere it is 70 per [...]
City growing more comfortable with idea of Labour govt, says ex-Tory minister August 2, 2022 The City is getting more comfortable with the idea of a Labour government as it reverts to a New Labour-like policy direction, according to former Tory minister Lord Jim O’Neill. O’Neill, a crossbench peer who is heading a review of start-up funding for Labour, told City A.M. that the party under Sir Keir Starmer has [...]