London payment firm launches Banking-as-a-Service solution on Advcash December 16, 2022 Fintech infrastructure firm, Mercuryo has partnered with payment platform Advcash to offer its customers access to virtual IBANs for EU and UK residents.
A question of financial inclusion December 1, 2022 Lord Holmes asked His Majesty’s Government what steps they are taking to increase financial inclusion in England.
Credit Suisse shares dive as stability concerns spread November 28, 2022 Shares in embattled Swiss lender Credit Suisse plunged beyond eight per cent today as fears over the banks' stability spread in the wake of a profit warning last week.
Stabilising the economy depends upon ensuring new start ups stay in our shores November 28, 2022 Tonight I will welcome the Prime Minister, the Lord Chancellor, the Archbishop of Canterbury, the Chancellor of the Exchequer and guests from across the City – and beyond – to Guildhall for the annual Lord Mayor’s Banquet. While the worst of the pandemic is behind us, we are facing the bleakest economic outlook that we [...]
Energy boss calls on suppliers to offer innovative solutions to survive November 22, 2022 Energy suppliers have to offer creative options to customers if they are to survive, argued the boss of Utility Warehouse.
Hunt plots an ‘OK, but’ budget to spread the pain and fling it to the future November 18, 2022 As Jeremy Hunt competed for headlines with the Australian soap opera Neighbours, its theme song was unwitting inspiration for his financial plan.
Revolut and the race – or not – to superapp status November 17, 2022 What on earth is a superapp and do we really want one, asks Charlie Conchie
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
Value of UK business tax breaks hits record £105bn in past year alone November 14, 2022 The value of business tax reliefs in the UK hit £105.3bn in the past year, up from £100.3bn in 2020-21, shows new research shared with City A.M. this morning. The £105.3bn figure represents the combined cost estimated by HMRC for the 58 significant tax reliefs available to corporates. However, these represent just a fraction of [...]
Lord Mayor says City must provide ‘financial resilience’ during UK recession November 14, 2022 The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financial services industry must find ways to help people bridge this crisis by providing insurance [...]