Britain Financial News

26.10 / 14:21

UK fiscal plan pushed back to 17 November as government readies ‘extremely important’ statement

The UK government pushed back the date for revealing its much-anticipated statement on how it intends to reduce its fiscal deficit from 31 October to 17 November.

26.10 / 14:11

Stablecoin regulation Bitcoin The UK has a new name for stablecoins and a new bill to regulate crypto

The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country.

26.10 / 12:21

UPS Citi Fighting Magic Circle law firms must merge or move to mid-market in fight against US firms, says report

The UK’s Magic Circle law firms face being overtaken by US rivals in their home market, much as US banks conquered the City of London after the Big Bang, according to new research by broker Arden Partners.

26.10 / 10:59

MET FCA bolstered with oversight powers to regulate and ban crypto firms

Crypto in the UK is to be brought under the jurisdiction of the Financial Conduct Authority, paving the way for a more comprehensive set of rules for the sector, after MPs approved changes to the Financial Services and Markets Bill.

26.10 / 10:09

Cinema Ukraine war: Russia doing 'secret work at Zaporizhzhia nuclear plant' amid 'dirty bomb' claims

Russian forces were performing secret work at Europe's largest nuclear power plant, according to Ukraine's nuclear energy operator.

26.10 / 10:09

Cinema committee Putin creates new committee to churn out weapons, asks it to think outside the box

The Russian government has to "not hide behind formalities" and speed up the production of weapons and supplies to keep feeding its war in Ukraine, the Russian president urged.

26.10 / 09:41

Drop Barclays’ dealmaker fees drop by 45% as fixed income trading shines

Barclays' investment banking fees slipped by 45% during the third quarter, the smallest drop of its major rivals as banks continue to struggle against a declining outlook for dealmaking.

26.10 / 08:57

Ethereum ETH BTC Bitcoin Bitcoin Price and Ethereum Prediction – Break Above This Level Could Lead BTC to $23,000 Today

During the Asian session, the Bitcoin price is on a bullish streak, rising more than 4% to $20,260. In contrast, Ethereum is on a tear, rising more than 10% in the last 24 hours to trade at $1,485.

25.10 / 20:23

Cinema Giorgia Meloni sets out vision for Italy in maiden speech as PM

Italy's newly appointed prime minister, Giorgia Meloni, addressed the country's lawmakers on Tuesday in her maiden speech at the lower house of parliament.

25.10 / 20:03

Sunak Rishi Sunak Becomes U.K. Prime Minister Amid Economic, Political Crisis

LONDON—Rishi Sunak, a former hedge-fund manager and U.K. Treasury chief, formally became Britain’s prime minister on Tuesday after he was appointed by King Charles III, vowing to steer the U.K. through a period of growing political and economic troubles.

25.10 / 19:55

business Blockchain Technology Bitcoin network bitcoin lightning Support CashApp adds support for Bitcoin Lightning Network

According to a new page added to its support section on Oct. 25, Cash App — a mobile phone payment processing app created by Block Inc. — has added support for transactions via the Bitcoin Lightning Network. The new feature allows Cash App users to send and receive Bitcoin (BTC) on the faster, more efficient layer-2 protocol. Lightning is ideal for small transactions, with near-instant processing times, compared with the minutes to hours required on the Bitcoin blockchain.

25.10 / 16:51

business Money Support Germany's president pledges more support for Ukraine in surprise visit

German President Frank-Walter Steinmeier has made a surprise trip to visit Ukraine for the first time since the Russian invasion.

25.10 / 15:37

JPMorgan The Fintech Files: Royal Mint NFT still a go, JPMorgan hires from Celsius

When Liz Truss stepped down as prime minister last week, crypto firms were worried it could further undermine Britain’s plans to become a so-called “crypto hub”. That ambition was announced six months ago. It feels like a lifetime.

25.10 / 15:21

Adoption UK government Bitcoin International British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub

The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Lisa Cameron, a Member of Parliament who is spending more and more time working with digital assets. Cameron told Cointelegraph:

25.10 / 14:29

security scam Fraud community Crypto Staking Rug Pull Withdrawals $160 Million Rug Pull? – Crypto Staking Platform Freeway Halts Withdrawals Citing ‘Unprecedented Volatility’

UK-based crypto platform Freeway halted withdrawals on Sunday due to, as they claim, never-before-seen levels of volatility - but some argue that this is in fact a rug-pull.

25.10 / 13:49

NMC EY UK says it is ‘not responsible’ for alleged failures by firm’s Middle East arm in $2.7bn NMC Health claim

EY UK said it is “not responsible” for alleged failures by its Middle East arm in a defence to a $2.7bn claim from the administrators of NMC Health.

25.10 / 12:15

Backed UK still working on government-backed NFT, officials say

Ministers are pushing ahead with plans to create a government-backed non-fungible token, despite a crash in crypto prices and key Treasury figures who backed the controversial project having left their post.

25.10 / 10:41

Ripple A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24

No matter how much attention the United States Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission gets in the crypto industry, for individual traders and investors, it often comes down to the Internal Revenue Service’s (IRS) position — and how much tax one owes.

25.10 / 09:51

European Union CLIMATE CRISIS Russia-installed officials urge Kherson residents to pack up and go

In the southern Ukrainian region of Kherson, which Russia claims to have annexed, Moscow-installed officials have urged residents to leave in order to escape an anticipated Ukrainian counter-offensive. They claim around 25,000 people have already left Kherson city to the left bank of the Dnipro River.

25.10 / 09:51

European Union CLIMATE CRISIS Your quick and easy guide to Denmark's immigration-dominated election

Denmark goes to the polls on Tuesday 1 November in a snap general election called seven months ahead of schedule.

25.10 / 09:51

European Union CLIMATE CRISIS Sunak UK politics: Royal ceremony and speeches as Rishi Sunak becomes new PM

Britain will officially have a new prime minister on Tuesday - the third occupant of 10 Downing Street in less than three months - when Rishi Sunak moves in.

what's happening in Britain

What is the current situation in Britain?

In Britain, the spotlight is on local government initiatives that affect the region’s daily life.

Where can I find reliable news about Britain?

We publish in-depth coverage about the situation in Britain, based on information from official representatives.

What shapes the media agenda in Britain?

The news landscape of Britain is shaped by key decisions by local authorities, reflecting its local way of life.