The Chartered Banker Institute (the Institute) is delighted to see education and training issues moving up the regulatory agenda in the UK, as highlighted in a new FCA Discussion Paper (DP23/1), aimed at enabling finance to deliver on its potential to drive positive sustainable change. Addressing training and competence in firms, the FCA recognises the […]
The government is backing a new law that gives all workers the legal right to request a predictable working pattern, intended to eradicate the “one-sided flexibility” that favours employers in zero hours contracts. The government has announced that it is supporting the Workers (Predictable Terms and Conditions) Bill, which will bring positive changes for tens […]
Air conditioning units, heat pumps and humidifiers are amongst the household items that soared in sales last year, according to data from Klarna, with consumers using the smooth payment provider for everyday household items. The shopping trend is revealed by Klarna as it announces a raft of new partnerships with leading home improvement retailers Wilkos […]
New government figures show that the level of tax debt owed to HMRC rose by 22% year-on-year to reach more than £48bn as at 31 December 2022. The total debt comprises £7.8bn of ‘managed debt’ and £40.3bn in debt available for pursuit. While the numbers of taxpayers in Time to Pay arrangements fell by 14% […]
Paysend, the UK-based fintech with over 7 million customers, today announces a commercial partnership with Purpl, the Lebanese remittance and cash out platform, enabling the 20 million Lebanese around the world to send money to their loved ones back home. Features such as low fixed fees on money transfers, competitive exchange rates, and the ability […]
Alternative Bridging Corporation has boosted its case management team, with the recruitment of Katherine Partridge, to support the lender’s continued growth and commitment to delivering outstanding service. Katherine has more than 8 years’ experience in B2B and B2C marketing and a strong track record in manging a portfolio of clients and prioritising work. She joins […]
Rebecca Crook, chief growth officer, CI&T comments:“Buy-now-pay-later is a trend I see continuing, particularly when you look at some of the tech giants now getting in on the act. Apple has been testing its own new BNPL service to retail employees (Apple Pay Later) which is due to launch to the public soon. “The key for success for any BNPL […]
The industry dealt with an array of challenges in 2022, so it’s only right that we begin this year with positive news. In January the new car market recorded six months of growth and the best start to a year since before the pandemic. Not surprisingly, electric vehicles played an important part – accounting for one in […]
The year 2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Efficiency gains and the slowdown in activity have led to a sharp drop in energy prices and thus a welcome slowdown in inflation. Finally, the prospect of a rebound in China in the second […]
As UK businesses attempt to navigate the difficult economic landscape, company insolvencies continue to rise with a 32% increase in failures during the month of December 2022 compared to December 2021, as reported by the Insolvency Service, placing greater pressure on struggling businesses. According to the latest figures from the Insolvency Service, 1,964 company insolvencies […]
