Category: Financial sector

Lib Dems urge FCA to investigate Peter Mandelson over potential insider trading

Exclusive: Daisy Cooper says ex-minister could have ‘abused trading laws’ when sharing state information with Jeffrey EpsteinThe Liberal Democrats have urged the UK’s financial regulator to immediately...

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City minister accused of ignoring £2bn car finance tax loophole

Critics say banks will be able to avoid tax on compensation payouts to victims of £11bn loans scandalThe City minister, Lucy Rigby, has been accused of snubbing taxpayers after she appeared to brush off concerns about a...

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Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves

Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill A group of Labour MPs have called on Rachel Reeves to support a huge expansion of credit unions to boost access...

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Lloyds CEO Charlie Nunn latest banking boss in line for huge bonus hike

Barclays, HSBC and NatWest shareholders already approved big pay rises after post Brexit loosening of remuneration rulesLloyds Banking Group boss, Charlie Nunn, could be in line for a maximum annual pay packet worth more than...

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Rachel Reeves will not be investigated over pre-budget briefing, FCA says

Financial watchdog rejects accusations Treasury officials deliberately misled reporters but leaves door open to probe claims or market maniluationTreasury launches inquiry into budget leaks with Reeves’s supportBusiness...

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Rachel Reeves says budget will cut living costs after shock OBR leak

Chancellor unveils action on energy bills, rail fares and end of two-child benefit cap as OBR reveals £26bn tax rises before budget speechBudget 2025 – follow liveHow freezing tax thresholds affects your tax...

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Bond markets could force Rachel Reeves ‘to do a secondary budget’, City investor warns

David Zahn of Franklin Templeton said bond yields could rise in response to chancellor’s fiscal plans and government would have to reactBusiness live – latest updatesThe bond markets could force Rachel Reeves to...

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UK consumers warned over AI chatbots giving inaccurate financial advice

Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insuranceArtificial intelligence chatbots are giving inaccurate money tips, offering British consumers misleading tax...

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