London (Parliament Politics Magazine) – The Bank of England has relaxed new capital rules pointed to shock-proof the banking system from another 2008-style crash, in a motion the Labour government states will bolster its economic growth plans. The regulator stated it had
London (Parliament Politics Magazine) – WH Smith is to provide investors with a £50m windfall as holidaymakers snapping up travel essentials allowed a boost in summer sales at the retail chain. The retailer stated it would launch a £50m share buyback an
Expected to reach 44% of online purchases by 2025, Brazil’s instant payment system and its growth will be key topics at EBANX’s Payments Summit, starting on September 18 in four countries CURITIBA, BRAZIL, September 10, 2024 – Brazil’s instant payment system Pix
London (Parliament Politics Magazine) – Barratt and Lloyds Banking Group have undertaken a £150m joint venture with the government body Homes England that will conduct to the UK’s largest housebuilder and mortgage provider capitalising on Labour’s objectives to build 1.5m new homes.
London (Parliament Politics Magazine) – The online retail business Amazon has announced a pay upgrade worth about 10% for tens of thousands of UK workers, after beating a bid by the GMB trade union for bargaining rights over pay and conditions. Amazon
London (Parliament Politics Magazine) – Simon Case, the chair of the civil service, has supported the government’s figures indicating that a £22bn shortfall was exited by the previous Conservative administration. The cabinet secretary stated the Tories’ failure to hold regular spending reviews
London (Parliament Politics Magazine) – The North Sea industry has cautioned the government not to strengthen its windfall tax on oil and gas profits in the autumn budget, arguing it risks losing £12bn in tax receipts and threatening 35,000 jobs. The industry’s
London (Parliament Politics Magazine) – A senior Labour backbencher is aiming to have liabilities from schools and hospitals constructed under private finance initiative (PFI) deals analysed under a new budget responsibility bill. How Could the New Budget Responsibility Bill Impact PFI Liabilities?
The British Business Bank, the UK government’s economic development bank, is celebrating ten years of enhancing financial access for smaller businesses during Business Finance Week 2024. Running from September 26 to October 3, the week is dedicated to informing entrepreneurs about various
In mid-September, the Labour government released a highly anticipated fiscal statement featuring several pro-business measures aimed at bolstering economic growth. Key policies include: The business community reacted positively, with the CBI praising the statement as a significant boost to business confidence. Bank
