Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The …
Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her “Big Bang” plan for financial services. Markets took fright last …
London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the UK’s listing rules and …
Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a “Big Bang 2.0” as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staff to keep London a force …
British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister Nadhim Zahawi said on Tuesday. Zahawi …
Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will address the City of London’s …
The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday. Britain’s government is due this week to unveil a draft law …
The European Union gave its formal blessing to a decision guaranteeing the free flow of data between the bloc and the UK. The European Commission, the EU’s executive arm, on Monday adopted so-called adequacy decisions that will allow companies to …
Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government minister said on Tuesday. “My priority is to …
