Andrew Bailey cautions banks against issuing their own stablecoins July 14, 2025 The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer [...]
Rachel Reeves urged to make ‘bold choices’ at Mansion House speech as growth stalls July 14, 2025 Financial services are looking to Rachel Reeves’ Mansion House speech and the launch of her new growth strategy for the sector as a pivotal turning point. The industry has been courted by the Chancellor in hopes of feeding ideas into the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy. Now, firms look to be banking [...]
Experience the Roman Empire in Bulgaria for history to rival Italy – just without the crowds July 13, 2025 What have the Romans ever done for us?” quipped my partner, Ed, as we stood on the main street of Nicopolis ad Istrum, formerly a Roman town in Bulgaria that is now a glorious assemblage of ruins. “All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, a fresh water [...]
Cash Isa limits set to be left untouched at next week’s Mansion House speech July 13, 2025 Cash Isas will be left untouched at next week’s Mansion House speech, in a move that has been welcomed by savings experts. Speculation had been mounting that plans to cut the annual tax-free cash Isa allowance could be announced in Chancellor Rachel Reeves’s Mansion House speech on July 15. But the PA news agency understands [...]
Rachel Reeves to pledge Thatcher-style ‘Big Bang’ for City in Mansion House speech July 13, 2025 Chancellor Rachel Reeves is to pledge a Thatcher-esque “Big Bang” in the City next week as part of her much-awaited Mansion House speech. Reeves is expected to tell senior banking figures to ditch New York and Paris in favour of London or Leeds amid a commitment to slash burdensome regulation. A Treasury source told the [...]
Why the Football Governance Bill is good news for investors and fans alike July 12, 2025 Two big forces have been reshaping football and the sporting landscape in England: the surge in regulation, and the tidal wave of investment. With the Football Governance Bill soon to enter law, the question remains if, and how well, these two forces can coexist. The stated intentions of the bill are clear enough. Make sure [...]
Rachel Reeves’ concierge service aimed at luring investors July 12, 2025 Chancellor Rachel Reeves is expected to launch a “concierge service” for wealthy individuals as part of an effort to lure investors to expand in the UK. During electoral campaigns, Labour hopefuls said they would put wealth creation at the heart of their mission in government. Now Rachel Reeves is set to provide advice to foreign [...]
HSBC splashes $5m on new London wealth centre despite non-dom exodus July 12, 2025 HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
New Corvette E-Ray is a bargain supercar – now on sale in the UK July 11, 2025 The electrified Chevrolet Corvette E-Ray is heading to the UK later this year, and it will be sold in right-hand drive. Officially unveiled at the 2025 Goodwood Festival of Speed, the E-Ray’s hybrid powertrain makes it the quickest production Corvette to arrive on British shores. Combining all-American V8 muscle with cutting-edge electric tech, the E-Ray [...]
Labour’s pre-loved tech charter won’t fix the UK’s digital divide, say experts July 11, 2025 The UK government’s new ‘IT reuse for good’ charter has drawn corporate backing, and a chorus of applause from Whitehall to Vodafone HQ for tackling major issues of digital exclusion and electronic waste. But donating devices is not a digital inclusion strategy – and certainly not enough to fix a broken, unequal system. The charter, [...]