UK Financial News
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.
01.12 / 15:13
Blockchain
Ethereum
Gaming
TON
UK
Bitcoin
Illuvium Joins Blockchain Gaming Partnership With Esports Powerhouse Team Liquid + More News
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.
30.11 / 13:37
UK
Investment trusts
Unit trusts/OEICs
Investment Trust
UCITS
AVI to launch UCITS versions of Global and Japan Opportunity investment trusts
Joe Bauernfreund (pictured), AVI’s chief executive officer and chief investment officer, will manage the new UCITS funds, supported by the firm’s research team.
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
29.11 / 12:20
economics
inflation
Bank of England
UK
Interest rates
MPC
Monetary Policy Committee
NOT
BoE's Haskel: Rate cuts will not happen 'anytime soon'
The Bank of England's Jonathan Haskel (pictured). Credit: World Economic Forum/Jakob Polacsek
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
28.11 / 19:55
economics
UK
Budget
Treasury Select Committee
OBR
OBR warns fiscal rules 'never require the chancellor to get debt falling'
Debt would have been £85bn in five years’ time if the chancellor had not taken any action at the Autumn Statement, OBR chair Richard Hughes said.
28.11 / 11:59
Prime Minister
UK
renewable energy
Tech
Sunak reveals £29.5bn investment in UK sectors at Global Investment Summit
Prime Minister Rishi Sunak (pictured) said it was 'huge vote of confidence in the future of the UK economy' and that the government was making Britain the 'best place in the world to invest and do business'.
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
24.11 / 14:05
regulation
Microsoft
UK
Financial Services
Government directs Competition and Markets Authority to increase focus on economic growth
The paper came following the CMA’s decision to block the takeover of Activision by Microsoft, which received criticism and was eventually reversed.
24.11 / 08:43
inflation
UK
Interest rates
UK consumer confidence
UK consumer confidence rallies in November
While all five components of the index rose throughout November, they all remain in negative territory, and have not recovered from the surge in inflation over the past two years.
23.11 / 15:38
UK
bonds
equities
fixed income
LSEG Lipper
Redemptions
LSEG Lipper: October sees biggest UK equity redemptions since Mini Budget
By contrast, money market funds received £4bn in inflows, which Dewi John, LSEG Lipper head of research, UK & Ireland, said was “as startling” as the equity figures.
23.11 / 15:38
inflation
Bank of England
UK
monetary policy
Autumn Statement 23
Chancellor Hunt reaffirms commitment to BoE's 2% inflation target
Chancellor Jeremy Hunt (pictured). Copyright HM Treasury
23.11 / 15:38
UK
G7
OBR
Autumn Statement 23
gilts
Costs
Interest rates impacting debt costs slower in UK than any other G7 country
Issuing index-linked gilts was also said to ‘underline the government’s stated commitment to low and stable inflation, reducing investors’ perception of inflation risk and hence the yields they seek on nominal gilts’.
23.11 / 06:24
Digital
Gap
UK
exclusive
innovations
testing
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services.
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 / 19:31
UK
Budget
Pensions
NatWest
Inheritance tax
Ten key takeaways from the 2023 Autumn Statement
Investment Week summarises ten of the key points from Chancellor Jeremy Hunt’s Autumn Statement, released earlier today (22 November). Credit: HM Treasury
22.11 / 19:31
Bank of England
UK
Recession
Cost of Living
tax cuts
DICE
Autumn Statement 23: 'Last roll of the dice' for government pre-election
'Today’s Autumn Statement demonstrates the pressure the government is under with an election imminent over the coming year.' Picture by Simon Dawson / No 10 Downing Street
22.11 / 19:31
UK
FTSE 100
Autumn Statement 23
gilts
Autumn Statement 23: Markets reflect 'mild disappointment'
The value of the pound declined slightly against the dollar following Chancellor Jeremy Hunt’s speech, from $1.254 to $1.246.
22.11 / 16:29
economics
UK
Autumn Statement 23
Autumn Statement 23: Jeremy Hunt cuts NI for 27 million people
The new measure will be implemented from 6 January 'so people can see the benefits in their payslips from the start of the New Year'.
22.11 / 16:29
UK
FTSE 100
Autumn Statement 23
Autumn Statement 23: Markets reflect 'mild disappointment' at Autumn Statement
The value of the pound declined slightly against the dollar following Chancellor Jeremy Hunt’s speech, from $1.254 to $1.246.
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