Regulators are playing catch up with digital finance, EU watchdogs warn February 7, 2022 European Union banking watchdogs have warned today that regulation is playing catch up with digital finance as social media platforms and ‘Big tech’ firms increasingly move into the space.
Tesco chief: ‘The worst is yet to come’ as energy crisis set to push food prices higher February 7, 2022 Tesco chairman John Allan issued a stark warning on rising food prices yesterday, cautioning “the worst is yet to come” in the coming months. While the supermarket boss said it was troubling people were facing heating or eating, Allan said Tesco had also been hit with soaring energy costs. The average amount of household income [...]
The City thrives on predictability as well as agility and we must protect this post-Brexit February 7, 2022 This week marks a pivotal moment for financial services in post-Brexit Britain. More than two years since the UK formally left the EU, the completion of the Future Regulatory Framework Review consultation on Wednesday will herald long expected changes to the financial service sector framework. The UK’s regulatory regime is widely regarded as one of the [...]
Millions of low-paid Brits face ‘perfect storm’ of energy bills and tax rises February 7, 2022 A new report sent to City A.M. this morning warns that millions of low-paid workers are facing a “perfect storm” of higher energy bills and tax rises while Universal Credit (UC) falls behind the cost of living. The TUC union said its research suggested the number of workers on UC has increased by 1.3m since [...]
Second chance at LV= for Royal London February 7, 2022 Royal London is engaged in talks with LV= which could see the two companies merge to become a UK insurance heavyweight.
Live to fight another day: Crucial week for Boris Johnson with new team on a mission to kill off backbenchers’ final concerns February 7, 2022 Boris Johnson is heading into a new week hoping changes to his top Downing Street team will ease the concerns of backbenchers who were wavering about his future. The Prime Minister made key changes over the weekend, appointing Chancellor of the Duchy of Lancaster Steve Barclay as his new chief of staff and journalist and [...]
National Insurance tax hike to hit UK apprenticeships, warns FSB February 7, 2022 The Federation of Small Businesses (FSB) has called out government's national insurance tax hike amid falling numbers of apprenticeships.
More than 1,000 London buildings require emergency fire measures including waking watches February 6, 2022 More than 1,000 buildings in London necessitate emergency measures, including security patrols, because of fire safety defects, five years on from the Grenfell Tower disaster. A total of 1,149 buildings in the capital need measures including ‘waking watches’, according to the latest data from the London Fire Brigade, which was first reported by the Evening [...]
The ship’s taking on water, but Bitcoin could be the lifeboat we all need February 4, 2022 Jason Deane rounds up the crypto week, but has stark warnings over what lies ahead for UK wages.
Editorial: This really isn’t that complicated: Less fiddling, lower taxes February 4, 2022 As the calendar flipped over to 2022, we asked on our front page – could it really be a happy new year? In truth we should have seen the bad news, delivered yesterday in a double whammy by the energy regulator and the Bank of England, coming. A combination of wholesale gas prices spiking, an [...]