Category: Financial sector

Bank of England delays rules designed to avoid banking crash by a year

Latest setback, after talks with Treasury, blamed on lack of clarity about implementation in USBusiness live – latest updatesThe Bank of England has delayed the introduction of tougher global banking capital rules by a...

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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

ONS data shows CPI below reading of 2.6% in November, meaning prices rose at a slower rateUK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in...

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UK firms plan price rises as confidence falls to lowest level since Truss budget

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike pricesMore than half of British companies are planning price rises in the next three months, according to research that...

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City regulators to start oversight of tech firms that provide ‘critical’ services to UK

New powers come amid concerns that cyber-attacks and outages could put the country’s financial stability at riskCity regulators will begin cracking down in the new year on tech firms providing “critical”...

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UK job vacancies fall at fastest rate since pandemic as business confidence slumps

Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent rolesThe number of job vacancies in November fell at the fastest rate since the start of...

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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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Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

10-year gilt yields have risen in the past month but are within the range of other pre-budget periodsUK government borrowing costs have risen ahead of Rachel Reeves’s budget on Wednesday.Some City investors say the...

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London’s Aim shrinks to smallest since 2001 amid fears of tax relief changes

UHY Hacker Young says 92 companies have delisted and only 10 floated on junior stock market in past yearThe UK’s Alternative Investment Market (Aim) has shrunk to its smallest size in 23 years as business owners and...

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