Metro Bank has been fined £16.6 million by the Financial Conduct Authority (FCA) due to severe shortcomings in its anti-money laundering (AML) systems between 2016 and 2020. These lapses in regulatory compliance allowed gaps in transaction monitoring for more than 60 million
LONDON, Nov 12 – British wage growth has slowed to its lowest pace in more than two years, providing the Bank of England with reassurance that inflationary pressures may continue to ease. Data released by the Office for National Statistics (ONS) showed
For the first time in history, Bitcoin has crossed the $80,000 mark (£62,000) following Donald Trump’s decisive victory in the recent U.S. election. With Republicans nearing full control of Congress, the cryptocurrency market is witnessing unprecedented excitement, fueled by Trump’s pro-crypto agenda.
In a major development following his recent election victory, Donald Trump has reiterated his campaign pledge to impose tariffs on all imported goods into the United States. Economists and business leaders worldwide are closely watching the former president’s statements, assessing the potential
London (Parliament Politics Magazine) – The Bank of England has slashed interest rates despite cautioning that Rachel Reeves’s budget will confuse its battle against high inflation by holding the rate beyond its 2% target for a year longer than previously anticipated. In
London (Parliament Politics Magazine) – Sales of electric cars in the UK rose in October despite overall demand for vehicles declining as manufacturers raced to satisfy government thresholds. According to data issued by the Society of Motor Manufacturers and Traders (SMMT), a
London (Parliament Politics Magzine) – Rachel Reeves has confessed she was wrong to express before the election that no major tax rises would be required but promised there was “no need to raise taxes further” after last week’s budget increased £40bn. The
London (Parliament Politics Magazine) – The Conservative party has been notified to improve its data handling by the information watchdog after it unleashed a “tax calculator” that also seemed to be collecting voter data. The Information Commissioner’s Office (ICO) penned to the
London (Parliament Politics Magazine) – IMF has welcomed the steps announced by Rachel Reeves in her first budget, expressing her £40bn of tax rises would increase growth “sustainably”. The Washington-based International Monetary Fund (IMF) supported her increase in investment and extra spending
London (Parliament Politics Magazine) – Minimum pay in the UK will increase next April, with hourly rates for those over 21 arranged to rise to £12.21 an hour, the chancellor has confirmed. Chancellor Rachel Reeves stated the pay increase marked a “significant
London (Parliament Politics Magzine) – Labour’s tax increase will not strike workers’ payslips, the UK education secretary has pledged. Bridget Phillipson expressed that the tax rises being prepared by Rachel Reeves would not impact employees’ take-home pay, as ministers struggle to define
London (Parliament Politics Magazine) – A £500 million Budget cash boost will pay for 5,000 affordable houses to be constructed, Rachel Reeves has reported. The funds for the Affordable Homes Programme will be a portion of a scheduled £5 billion investment designed
