Proposals to relax rules for small banks in UK a ‘game-changer’ despite US regional banking crisis May 30, 2023 Experts were quick to praise proposals to relax rules on smaller domestic banks as the consultation on the so-called ‘strong and simple regime’ came to an end today. The proposals include simplifying disclosure and liquidity rules for domestically focused banks with less than £15bn in assets.. The rules, the Prudential Regulation Authority (PRA) said, aim [...]
Why have the Bank of England and the IMF been so wrong on the UK economy? May 30, 2023 Recession? What recession? The Bank of England and the IMF have been wrong on the state of the UK economy, but it's not all their fault
There’s an app about to do to workplaces what social media did to British politics May 30, 2023 If you haven’t heard of Fishbowl, chances are your colleagues are already using the app - a bizarre combination of LinkedIn and Reddit - to air their workplace grievances, writes Eliza Filby
Motoring? Car industry defies Brexit warnings with EU export surge May 25, 2023 UK car production saw its third successive month of growth in April, as easing supply chain shortages and strong exports drove growth. Car production ramped up 9.9 per cent to 66,527, 5,973 more than in April last year at the heights of the global semiconductor shortage. The SMMT said that the rise in production was [...]
London-listed firms face tougher fraud rules as watchdog prepares clampdown May 24, 2023 The bosses of London-listed firms are facing tougher scrutiny on fraud and financial reporting from 2025 after Britain's corporate governance watchdog proposed a slew of reforms today.
Inflation falls out of double digits to lowest level in a year but tops forecasts May 24, 2023 UK inflation has fallen into single digits but the price of food continues to spiral at the fastest rate in four decades.
Sadiq Khan hosts crunch business talks with City figures May 23, 2023 Sadiq Khan has warned London’s businesses are facing “the most difficult period in living memory” as a result of Brexit, the Covid-19 pandemic and the inflation crisis. The Mayor of London has called for the government to devolve some immigration powers to City Hall as a means of tackling regional labour shortages sparked by the [...]
AIM ESG Performance: Social Mobility in Financial Services May 22, 2023 Addidat has collaborated with Nurole on its AIM ESG series, providing information about AIM companies’ ESG requirements and performance, along with practical suggestions about what firms can do to improve. This article focuses on key aspects of the social performance of companies operating in the Financial Services sector, in terms of their progress on social [...]
Consumer confidence continues to recover as double-digit inflation fails to deter Brits from splashing cash May 19, 2023 Consumer confidence in the year ahead is continuing to recover despite persistent cost-of-living pressures, a long-running survey suggests. GfK’s Consumer Confidence Index rose by three points in May to minus 27, the fourth monthly increase in a row from January’s minus 45. Confidence in personal finances over the coming 12 months saw a “robust” five-point [...]
Why the network state is the next logical evolution to current forms of governance: Part 2… May 18, 2023 Dr Chris Kacher with his second instalment of 'The Network Web3/Blockchain/Money State' as he hails decentralisation.