EU targets crypto services in fresh round of Russia sanctions April 8, 2022 The European Union is cutting off high-value crypto services to Russia in a fresh wave of sanctions designed to cripple the country's economy.
Sunak tells Bank of England to ease up on opposition to fossil fuel April 8, 2022 Rishi Sunak has urged the Bank of England to ease up on its opposition to fossil fuel investment despite the UK's green commitments.
Ollie Phillips: Four English sides should make it to top European quarters April 8, 2022 As the first leg of the European Champions Cup round of 16 begins this evening, I am confident that all but one of the English sides will progress through to the quarter-finals. While some of the ties look mighty close, there’s enough grit and flair in the Premiership to make the difference. It also helps [...]
Fireblocks poaches Bank of England fintech lead April 7, 2022 The head of the Bank of England's fintech hub has walked out after just over a year in the role to join crypto startup Fireblocks.
‘Let people invest’: Matt Hancock makes case for liberal crypto rules April 7, 2022 Matt Hancock, the former health secretary, has come out in favour of permitting mass crypto adoption in the UK.
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Bank of England spent £50,000 on logo and website re-design April 6, 2022 The Bank of England’s (BoE) recent logo and website re-design cost £50,000, a freedom of information request has revealed. The nearly 330-year-old institution, which is funded by banks – not the taxpayer – made a bid to change its image last month, to better reflect the makeup of the country, but it came at a [...]
UK inflation to scale to twin peaks in April and October April 6, 2022 Inflation in the UK will have twin peaks this year in a sign that households will absorb a double hit to their living standards. At the start of the year, the cost of living was originally forecast to peak in April, driven by the energy watchdog hiking the cap on energy bills 54 per cent. [...]
Bank of England to launch 1980s style rate hike cycle as it scrambles to douse down rampant inflation April 6, 2022 The Bank of England will hike interest rates at the quickest pace since 1988 this year as it scrambles to douse down rampant inflation. 0Threadneedle Street will lift borrowing costs four more times this year, taking the calendar year total number of hikes to six, according to forecasts by investment banking giant JP Morgan. The [...]