UK fintech investment hits £27.5bn, a sevenfold increase in just twelve months February 7, 2022 UK fintech investment topped $37.3bn (£27.5bn) in 2021, a sevenfold increase compared to 2020, as dealmaking activity soared.
Christmas fear for UK restaurateurs as Brits cut back on dining out to heat their house November 7, 2023 In the run up to Christmas, 56 per cent of respondents said they would cut back on eating out at restaurants
Why did the Bank of England opt for a ‘hawkish’ hold despite bleak growth outlook? November 2, 2023 Although markets were certain that the rate would be held at 5.25 per cent, the Bank's hawkish tone caught them by surprise.
UK economy takes first steps out of recession as growth returns in January March 13, 2024 The figures will raise hopes that the UK is already moving out of the shallow recession it fell into in the second half of last year.
Credit fears send bank shares lower after Bank of England lifts rates by 50bps June 22, 2023 Shares in the UK’s biggest banks today fell after the Bank of England raised interest rates by 50 basis points, heaping more pain onto borrowers. The Bank’s Monetary Policy Committee reverted to a larger rate hike after inflation remained stuck at 8.7 per cent last month. It was the 13th rate hike in a row [...]
Kraken appoints crypto entrepreneur and fintech consultant Bivu Das to drive next chapter of UK growth story October 27, 2023 Kraken has appointed the highly experienced fintech strategist Bivu Das as its Managing Director for the UK.
Mayor meets with neurodiversity campaigners in bid to make capital world-leader October 29, 2022 London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]
SMMT: Getting automotive back on track priority for 2023 November 25, 2022 Getting the automotive sector back on track is the top priority for 2023, according to the Society of Motor Manufacturers and Traders (SMMT). Chief executive Mike Hawes warned that a return to pre-Covid production levels was fundamental, “given the jobs, exports and economic contribution the automotive industry sustains.” “UK car makers are doing all they [...]
Bank of England still on course for May interest rate cut despite strong pay growth February 13, 2024 In the final quarter of last year, regular pay dropped to 6.2 per cent from 6.7 per cent, above the Bank of England's forecast of six per cent. Not a big overshoot, but an overshoot nonetheless.
Crypto: What to expect as world leaders gather in Davos January 16, 2023 The future of global crypto regulation is set to fall into the spotlight at Davos this week as regulators and policy makers scramble to shore up the industry in the wake of FTX’s collapse last year.