Category: Banking

Reeves tells City regulator to encourage more risk-taking in financial sector

New remit given to FCA by chancellor raises fears of a weakening of rules meant to avert another financial crisisThe financial regulator has been ordered to encourage more risk-taking across the City, raising concerns that the...

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Monitoring UK bank accounts for benefits fraud would be ‘huge blow to privacy’

Exclusive: groups fear government may resurrect Tory plan for mass algorithmic surveillance of bank accountsUK politics live – latest updatesMinisters have been warned not to resurrect Conservative plans to tackle welfare...

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UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economyUK business confidence has dropped to its lowest level since the general election, as firms grow more pessimistic about the economic...

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Labour to announce £10bn AI project in Northumberland backed by pro-Trump billionaire

Stephen Schwarzman’s Blackstone Group will fund data centre bringing 4,000 jobs to north-east EnglandKeir Starmer is set to announce the creation of a £10bn AI datacentre, bringing 4,000 jobs to north-east England,...

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