Harriett Baldwin News
04.12 / 11:07
Provident
Digital
economy
stage
exclusive
reports
UK MPs urge caution on creation of digital pound
The Committee expresses concerns about the new risks a retail CBDC could pose to financial stability, suggesting that the UK economy may be more susceptible to bank runs if people are able to switch large amounts of bank deposits into digital pounds quickly in times of market turmoil, increasing the risk of bank failures. It also registered concerns regarding estimates that a steady switching of some bank deposits into retail digital pounds could increase the interest rates on bank loans by 0.8 percentage points or more.
29.03 / 10:27
Google
CEO
Matthews
Charity
awards
politician
'Oppenheimer' director Christopher Nolan to get British Knighthood, wife Emma Thomas to receive Damehood
Rishi Sunak that also included Conservative politicians and tech industry leaders. According to The Royal Family website, kinghthoods or the damehoods are among the highest honours in the United Kingdom.
04.12 / 10:01
Digital Currency
UK
Currency
treasury committee
financial stability
committee
Financial
Treasury Committee warns UK digital pound could put financial stability and privacy at risk
The Treasury Committee has argued that benefits of the new asset promoted by the central bank did not outweigh their concerns of overall confidentiality and financial risks.
29.11 / 12:20
UK
Debt
net zero
government debt
freeze
Government debt reduction forecasts include inflation-linked fuel duty rises despite 13-year freeze
A panel of independent economists were quizzed by TSC chair Harriett Baldwin on their views regrading Hunt's latest Autumn Statement: Credit: HM Treasury
31.10 / 17:01
UK
US
New York Stock Exchange
International Monetary Fund
Us Treasury
Treasury
committee
US regulators
Treasury Committee meets with US regulators ahead of UK watchdog scrutiny
The committee heard about the US approach to central bank digital currency, cryptoasset regulation and how sexism is tackled in the US financial services industry.
20.10 / 12:59
Venture Capital
UK
HM Treasury
VCTs/EIS
vct
EIS
Treasury confirms extension to VCT and EIS sunset clause
Chancellor of the Exchequer Jeremy Hunt had previously signalled his agreement with the TSC to continue the scheme in previous correspondence, but this is the first time he has committed to an extension.
07.09 / 12:25
economics
inflation
Bank of England
UK
Monetary Policy Committee
Bank of England's Andrew Bailey: 'We are much nearer the top' of the hiking cycle
Andrew Bailey (pictured) is governor of the Bank of England. Credit: Bank of England
24.07 / 13:53
transparency
Treasury
treasury committee
vct
MPs
EIS
MPs call for Treasury to set out clear plans on EIS and VCT extension
Conservative MP Harriett Baldwin (pictured) is the chair of the Treasury Committee.
20.07 / 12:13
Provident
Aware
Platform
Bitcoin
performer
social
UK treasury
UK Treasury rebuffs calls for crypto to be regulated as gambling
The committee in May called into question Government plans to regulate consumer crypto trading as a financial service, arguing that this will create a ‘halo’ effect, leading consumers to believe this activity is safe and protected, when it is not. In presenting its conclusions, comittee chair Harriett Baldwin said the events of 2022 had highlighted the risks posed to consumers by the cryptoasset industry, "large parts of which remain a wild west".
14.07 / 07:35
Financial Services
Diversity
services
committee
Financial
Treasury Committee launches inquiry into sexism in financial services
The Treasury Committee is chaired by Harriett Baldwin (pictured).
07.07 / 11:39
regulation
UK
Interest rates
FCA
FCA calls on UK banks to improve savings rates
The FCA said it wants to see 'a competitive market with fair value retail banking products', with banks helping customers to access them.
16.06 / 03:16
FIVE
MPs
MPs question FCA’s oversight of Odey Asset Management
The UK parliament's influential Treasury Committee has questioned the Financial Conduct Authority's supervision of Odey Asset Management in the wake of a string of sexual misconduct allegations against its eponymous founder Crispin Odey.
26.05 / 14:05
Aware
Bitcoin
UK treasury
committee
Regulate crypto as gambling says UK Treasury Committee
The influential cross-party Committee of MPs declared that cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering. The Committee's conclusions are at odds with Prime Minister Rishi Sunak's ambitions to make the UK into a global hub for cryptoasset technology.
17.05 / 19:45
17.05 / 17:21
markets
SEC
Bitcoin
Bitcoin Price
Bitcoin price capitulation below $26K increases as Friday’s BTC options expiry looms
Bitcoin (BTC) price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite as governments seek more control over the sector.
17.05 / 13:07
regulation
Gambling
UK
crypto regulation
Sky News
MPs
Influential UK MPs Push for Crypto Trading to be Classified as Gambling
The UK Treasury Select Committee has suggested the country regulate cryptocurrency trading as a form of gambling rather than a financial service.
17.05 / 12:27
17.05 / 08:43
Aware
Bitcoin
UK treasury
committee
Regulate crypto as gambling says UK Treasury Committee
The influential cross-party Committee of MPs declared that cryptocurrencies such as bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering. The Committee's conclusions are at odds with Prime Minister Rishi Sunak's ambitions to make the UK into a global hub for cryptoasset technology.
17.05 / 03:07
Blockchain
regulation
Trading
Gambling
UK government
Bitcoin
lawmakers
Crypto retail trading should be regulated as gambling: UK lawmakers
The trading of so-called “unbacked cryptoassets” such as Bitcoin (BTC) and Ether (ETH) should be regulated as gambling rather than a financial service, a panel of British lawmakers said in a new report.
16.05 / 23:43
Bitcoin
committee
Treat crypto like the gambling, says Treasury Committee
Lawmakers on the influential Treasury Committee have warned against regulating cryptocurrency like the rest of financial services in a challenge to emerging government policy on the sector.
09.11 / 19:37
UPS
Citi
Racing
committee
Harriett Baldwin wins race to chair Treasury committee
Harriet Baldwin is the new head of the influential Treasury committee after winning an election among MPs.
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