Treasury Financial News

15.02 / 09:29

economics UK Treasury Chancellor of the Exchequer tax cuts Jeremy Hunt weighs tightening public spending to fund tax cuts - reports

On 14 February, the OBR handed Jeremy Hunt (pictured) its forecast for how much fiscal headroom he will have for the upcoming Budget, this is likely to determine his decision regarding public spending plans.

18.01 / 09:33

Treasury Trump World Liberty Financial A first-day Trump order: A Federal stockpile of Bitcoin?

Trump and his advisers. And talks with Cabinet nominees about how to pay for it. On the eve of Trump's inauguration, the cryptocurrency industry is pushing his incoming administration to execute an audacious plan that would have seemed unimaginable just a year ago: a government program to buy and hold billions of dollars in bitcoin.

30.10 / 08:03

Tether Us Treasury Wall Street Journal Treasury Crypto’s ‘too big to fail’ token Tether faces new threat from US

Tether Holdings Ltd. Tether is the issuer of a namesake token known as USDT, designed to be a digital substitute for the US dollar, with a market capitalization of about $12O billion. It ranks as the third-biggest cryptocurrency by value, and is the most-traded token on a daily basis due to its role as a stand-in for the dollar in markets where traders aren’t able to use traditional currencies for transactions.

23.01 / 09:33

economics UK Treasury Office for National Statistics OBR Government borrowing falls significantly below expectations in December at £7.8bn

The figure halved from December 2022 and was significantly lower than the £14bn forecast by the Office for Budget Responsibility, marking the lowest December borrowing since 2019.

18.12 / 12:54

Financial Services Treasury People moves Financial Treasury names next financial regulators complaints commissioner

The Financial Services and Markets Act 2023 made the Treasury, rather than the regulators, responsible for the appointment of the financial regulators complaints commissioner.

14.12 / 14:44

regulation Treasury ESG regulatory Treasury's Bim Afolami: Cultural and regulatory change needed to make markets 'match fit'

Edelman Smithfield global head of financial services Andrew Wilde speaks to Bim Afolami

08.12 / 15:59

regulation kpmg Treasury financial conduct authority Consumer Duty FCA plans 'new form of simplified advice' in extensive review

The FCA noted that the proposals were high-level at this stage, not definitive and reflected early thinking. The regulator said they would evolve based on stakeholder feedback and further engagement.

08.12 / 15:59

regulation Financial Services Treasury Silicon Valley Bank Treasury Select Committee UK to boost bank resolution toolkit after SVB collapse shortcomings - reports

A review of the senior managers regime is also on the table, which would lead to an evolution in the regulations rather than an overhaul. | Credit: iStock

08.12 / 10:51

UK Treasury financial conduct authority FCA Alternatives treasury committee London Capital & Finance scars raise risk concerns over LTAFs among MPs

The Committee said it found the Edinburgh Reforms had so far had “limited impact of the Government’s flagship financial services reform programme”.

08.12 / 10:51

regulation Treasury financial conduct authority FCA audit regulatory National Audit Office finds 'significant delay' in FCA regulatory action

The NAO highlighted that, although the FCA had required crypto firms to comply with anti-money laundering regulations in January 2020, the regulator did not take any enforcement action against illegal crypto operators until February 2023.

30.11 / 09:43

UK Treasury Investment trusts Treasury Select Committee FCA under pressure to 'quickly' deliver solutions to investment trust cost disclosure issues

Chancellor Jeremy Hunt. © Zara Farrar — HM Treasury

27.11 / 08:53

regulation Bank of England Treasury House of Lords Lords call for greater accountability of Bank of England to parliament

The report found the Bank of England has made 'errors in the conduct of monetary policy in recent years'.

24.11 / 17:14

economics Bank of England UK jp morgan Treasury Jeremy Hunt disbands Economic Advisory Council after a year

JPMAM's Karen Ward, who was a founding member of the Economic Advisory Council

22.11 / 19:31

regulation UK Treasury financial conduct authority FCA Autumn Statement 23 Powers proposed for FCA to implement UK retail disclosure framework

The initial draft was published earlier in July, but this updated covers the 'near final version' of the rules, although the Treasury will continue to seek 'technical comments' until 10 January 2024. | Credit: iStock

22.11 / 16:29

Treasury AIC Wealth Club VCTs/EIS EIS Autumn Statement 23: VCT and EIS sunset clauses extended by a decade

The government said it will extend them by a decade to 6 April 2023, after the Treasury confirmed last month the clauses would be expanded to April 2025.

20.11 / 09:41

Bloomberg UK Treasury AJ Bell HMRC Chancellor to unveil proposals to overhaul ISA regime - reports

Chancellor Jeremy Hunt (pictured) Credit: Zara Farrar — HM Treasury

20.11 / 09:41

UK Treasury ESG Government earmarks £4.5bn for investment into British manufacturing sector

In a statement, the Treasury said that the funding will be available across eight UK sectors, with £960m allotted for a Green Industries Growth Accelerator to push clean energy development.

17.11 / 13:01

HSBC Bloomberg UK Treasury ISAs Chancellor Hunt weighs allowing ISAs to hold fractional shares - reports

HMRC’s existing policy prevents ISAs from holding fractional shares of stocks, or less than a full share of a stock, which can require investors to sell their stakes and incur taxes on the gains.

14.11 / 15:33

regulation UK Treasury Investment Trust House of Lords questions FCA's ability to 'protect market stability'

Current EU cost disclosure rules, known as PRIIPS, have caused investment trust charges to appear artificially expensive, deterring investment in various areas, particularly battery storage, wind and solar farms.

13.11 / 20:17

UK Treasury New pensions minister as Laura Trott promoted to Treasury role

Laura Trott Image: parliament.uk (CC BY 3.0)

08.11 / 12:00

regulation Treasury financial conduct authority ESG ESG ratings 2024 regulatory UK to outline regulatory rules for ESG ratings industry as early as January 2024

A Financial Conduct Authority spokesperson told Investment Week: 'We continue to work with government on their consultation for a regulatory regime for ESG ratings providers.' Simon Dawson / No 10 Downing Street

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