Bank of England policymaker warns further interest rate hikes ‘cannot be ruled out’ June 12, 2023 Further interest rate rises “cannot be ruled out” amid decades-high inflation in the UK, a Bank of England policymaker said. Jonathan Haskel, writing in The Scotsman, spoke of the “difficult judgments” the Bank has to make to bring inflation down to its two per cent target. The economist, an external member of the seven-person Monetary [...]
BoE: ‘No interest’ in lowering capital requirements for insurers post-Brexit March 16, 2021 The review into Britain’s financial rules post-Brexit will not lead to any “radical departure” or a reduction in capital requirements, the Bank of England (BoE) said today. Brexit has prompted the government to look at insurance capital rules inherited from the EU, with hopes it could lead to fewer requirements. The bank’s Deputy Governor Sam [...]
Not ‘sufficient thought’ into stopping Covid-19, Chris Whitty tells inquiry June 22, 2023 Government “did not give sufficient thought” into stopping the pandemic in its tracks, Sir Chris Whitty has told the official Covid-19 inquiry. The chief medical officer for England has said options to stop a disease outbreak on the scale of coronavirus were not considered fully enough by ministers ahead of the crisis. Giving evidence today, [...]
General Election 2024: Can Labour really hit net zero? June 27, 2024 With the election just one week away, Labour’s pledge to “make Britain a clean energy superpower” has sparked a debate on whether or not their net zero scheme is actually achievable. Sir Keir Starmer revealed that Labour’s transition team is considering setting up an office for Net Zero, should they win the election, in order [...]
Could the Bank of England still cut rates in June after poor inflation figures? May 22, 2024 Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.
Nigel Farage won’t stand at the 2024 General Election, opting for US campaigning instead May 23, 2024 “Important though the general election is, the contest in the United States of American on November 5 has huge global significance.
JP Morgan’s Chase UK aims for 2025 profit amid digital banking growth January 2, 2024 Digital challenger bank Chase UK, owned by US giant JP Morgan, aims to become profitable from next year as it seeks to be a “major player” in Britain, according to a top executive at the lender.
Chick-fil-A to cook up opportunity for UK business owners and entrepreneurs October 24, 2023 US fast food chain Chick-fil-A plans to introduce a whole new flavour of opportunities for business owners and entrepreneurs by debuting in the UK.
Ofgem: Energy watchdog to consult over AI’s risk to industry collusion April 4, 2024 Ofgem said it "appears to have sufficient powers to address important risks arising from the use of AI when detected."
Deliveroo holds guidance as UK revenue rises despite global dip October 19, 2023 Online takeaway platform Deliveroo has maintained its full year guidance for the year, as the company was bolstered by demand in the UK and Ireland. According to its third quarter update, the listed delivery app, said revenues in its UK and Ireland arm grew by a steady three per cent to £297m, but internationally it [...]