Digital Pound: Busting the privacy myths February 28, 2023 Martin Hargreaves, Chief Product Officer with Quant, debunks some of the myths he believes surround the advent of the digital pound.
‘Total Coke addict’ Rishi Sunak says he’s cut down to drinking one a week February 28, 2023 Rishi Sunak insisted he has cut down to drinking one Coke a week as he visited a Coca-Cola bottling plant. The Prime Minister previously revealed he had a particular taste for Coca-Cola, describing himself as a “total Coke addict” in an interview with two school children in 2019, and that it left him with seven [...]
Fintech ‘innovation hubs’ set to launch around the UK in levelling up push February 28, 2023 A host of “innovation hubs” are set to be launched in cities across the UK today as part of a Treasury-backed plans to boost the growth of fintech beyond London. The hubs have been announced as part of the launch of the new Centre for Finance, Innovation and Technology (CFIT), a key recommendation of the [...]
Brexit deal: Sunak says Northern Ireland in ‘unbelievably special position’ with access to both UK AND EU markets February 28, 2023 Rishi Sunak insisted that his new Brexit deal for Northern Ireland addressed the concerns of unionists despite the “small and limited” role for European Union law and its court – while giving Belfast an “unbelievably special position”. The Prime Minister, who was visiting Northern Ireland to sell the deal secured with the European Union, said [...]
End of Bank of England £800bn bond buying scheme poses headaches for Treasury and taxpayers February 28, 2023 The magic money tree is shedding its leaves. Over a decade of cheap cash propping up the global economy has been toppled by a once in a generation inflation problem. QE was a necessary response to the batch of shocks ricocheting around the global economy since 2008. Now it’s shifted into reverse. But how did [...]
IFS: No room for tax cuts or spending rises at March budget despite Jeremy Hunt pocketing £60bn windfall February 28, 2023 There is no room for tax cuts or spending increases at the 15 March budget despite Jeremy Hunt being handed an around £60bn windfall from lower energy prices and interest rates, a top economic think tank has forecast today. The Chancellor will be held back from handing households and businesses a tax giveaway due to [...]
The Notebook: Andy Silvester on the City’s ecosystem, a cricket charity and ‘no bullsh*t’ books February 28, 2023 As a child, I was fascinated by trains – not necessarily how diesel engines worked, but how the various moving parts of a train system worked together. Alas, the space limits of a terraced house in south London meant that my dream to build an entire train set across the top floor were thwarted. The [...]
Rishi Sunak’s Brexit deal could be the making of the Prime Minister February 27, 2023 The Brexit deal signed by Rishi Sunak today may well be the moment that he is able to take charge of his party Rishi Sunak is a funny old Prime Minister. He was vaulted up the political ranks almost by accident; his accession to Chancellor coming years before he could reasonably have expected it as [...]
Explainer: What’s inside Rishi Sunak’s Northern Ireland deal? February 27, 2023 As you’re reading this, Rishi Sunak and Ursula von der Leyen are getting ready for their joint presser in Windsor after their lunch-time “final talks” on the new deal for the Northern Ireland protocol. Sunak will then bring the news to his MPs with a statement in the Commons. A senior government source has confirmed [...]
Brexit deal done: Rishi Sunak signs breakthrough agreement with EU over Northern Ireland protocol February 27, 2023 Rishi Sunak has signed a breakthrough deal with the European Union over post-Brexit trading arrangements for Northern Ireland and will now seek to win the backing of unionists and Tory Eurosceptics. The Prime Minister and EU chief Ursula von der Leyen finalised the long-awaited agreement to ease the trading issues created by the Northern Ireland [...]