Banks to face new stress tests as Bank of England remains on the prowl for financial stability risks October 10, 2023 Regulators at the Bank of England are looking to make certain that the UK financial sector remains resilient to shocks that may arise from the rapid rise in interest rates.
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
LME: Hong Kong owners pledge to ‘strengthen its stewardship’ of the industry after nickel crisis October 9, 2023 The LME will ramp up its oversight of the market following last year's nickel crisis, the boss of its parent company has pledged.
Mary Portas: High streets need Labour to ‘breathe life’ back into them October 9, 2023 Retail guru Mary Portas said she is “absolutely confident” a Labour government would “breathe life” back into Britain’s high streets. The broadcaster was appointed by then-prime minister David Cameron to lead a review into the future of British high streets in 2011. But Ms Portas, who presented Mary Queen of Shops, said she has been “frustrated” by [...]
Labour pledges ‘fiscal lock’ to protect UK economy, says Rachel Reeves October 9, 2023 A Labour government would deliver a “new fiscal lock” to legally guarantee significant tax and spending changes must be reviewed by economic experts, Rachel Reeves has vowed. The shadow chancellor said a government led by Sir Keir Starmer would “put forward a new charter for budget responsibility” in the wake of the chaos wrought by [...]
Recruitment firms’ profits expected to suffer amid jobs gloom October 9, 2023 Analysts expect recruitment firms to report a sharp fall in profits this week as an uncertain economic environment impacts the jobs market. Hays, PageGroup and Robert Walters will update investors on their performance over the coming days, with profits predicted to fall sharply. According to a consensus cited by AJ Bell, Robert Walters is expected [...]
Think of the fans: Why stadium experience matters as much as TV production October 9, 2023 It feels like we’re at a new low point for customer experience. After Covid, the services we used to rely on seem like they’re getting worse. Of course, it’s understandable how shutting the world down for two years is going to have an impact on fragile supply systems but the pandemic has also reset our [...]
What would a Labour government mean for financial services? October 9, 2023 Keir Starmer wants the City to help him deliver his vision for Britain and sees the financial sector as a key partner in the transition to net zero and delivering the much-desired growth, writes Alice Perry
We need to tackle financial exclusion and give everyone the opportunity to safeguard their future October 9, 2023 With a plan to make credit more accessible and financial education part of the primary school curriculum, the Lord Mayor of the City of London wants everyone to experience economic stability
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.