Lawyers raise questions as Labour muscles in on legal rulings January 24, 2025 The government plans to intervene in several legal matters, including motor finance case and judicial review challenges, in a move that has some lawyers raising an eyebrow.
CMA begins redundancy programme after overshooting budget January 23, 2025 The competition watchdog is planning to slash its head count by around ten per cent after overshooting its budget last year, piling fresh pressure on the body following the sudden exit of its chair this week. The Competition and Markets Authority (CMA), which has faced public anger from the Prime minister and Chancellor over its [...]
‘It’s a clear message’: Reeves’ CMA scalp fires warning to regulators January 23, 2025 The government has sent a “clear message” to UK regulators by ousting the chair of competition watchdog, in what lawyers described as the “most overtly political” regulatory intervention of recent years. Marcus Bokkerink, who joined the Competition and Markets Authority (CMA) in 2022, was forced out of his role due to a “different approach” on [...]
UK economy: Does Labour’s economic hotchpotchism matter? January 21, 2025 Although gilt jitters have eased, the embattled Chancellor now faces a new and far more serious criticism.
FCA chair: Our growth push will test UK’s risk appetite January 20, 2025 The Financial Conduct Authority’s (FCA) push to slash red tape and unleash growth in the City will test the UK’s appetite for risk, its chair has warned, accepting that two of its new proposals could open the door to more fraud and mortgage defaults. Writing in City AM today, Ashley Alder said the FCA will [...]
FCA: Going for growth means taking risks January 20, 2025 Ashley Alder, chair of the Financial Conduct Authority, says the financial services sector has long recognised that effective regulation can be a powerful enabler of growth. The question now is not should we embrace risk, but how much? January is a time to reflect, re-balance and re-focus. And this year, the relationship between regulation and [...]
Lessons from Trump to make Britain great again January 20, 2025 While American entrepreneurs feel the winds of optimism, British businesses remain trapped by regulation that is slowly strangling our economic potential. Donald Trump has shown it doesn’t have to be this way, says Simon Dolan The world is bracing itself for a disruptive era of change, as Donald Trump prepares to take the reins of [...]
Labour’s appeal to regulators is about blame-shifting, not growth January 20, 2025 Labour has appealed to the regulators for ideas to boost the economy, but Britain can’t regulate its way to growth, writes Eliot Wilson After six months of a Labour government, it would be hard to argue the economy is healthy. The economy flatlined in July, August and September, the hike in employers’ National Insurance contributions [...]
The UK is at risk of missing out on the crypto revolution January 19, 2025 Crypto is not a curiosity or a fad, it’s set to transform financial services – and as with any true innovation we must be prepared to experiment and sometimes fail, says Lord Ranger The soaring office towers of Canary Wharf stand as testimony to Britain’s golden era of smart regulation and financial ingenuity, cementing London’s [...]
Apple, Google, Meta and Microsoft: The £30bn legal headache for Big Tech January 16, 2025 Headlines have been popping about class actions in the UK with the main target on the other side, Big Tech firms. But why them?