Brexit has had a significant impact on London’s financial sector, with an estimated 40,000 finance jobs lost since the UK’s departure from the EU, according to Michael Mainelli, the Lord Mayor of the…
The Guardian reports that the Treasury has asked ministers to prepare for cuts of up to 10% in infrastructure spending, targeting projects such as hospital upgrades, road construction, and defence initiatives. Despite Chancellor…
The Bank of England is expected to lower its base interest rate to 3.5% in the coming months, a relief for home buyers and businesses as the UK economy shows signs of improvement.…
An exposé has shown that the Bank of Baroda made it simple and easy for its agents to steal money from customers’ accounts - and some of them did. The bank’s employees had…
When Metro Bank was launched in 2010,it was the first new high street bank in 150 years. Now, there are concerns about its future. The bank, which has around 2.7 million customers, is…
On August 3rd, the Bank of England’s base rate rose again to 5.25%. The last time it was 5.25% was in 2008. The Bank expects inflation to fall below 5% in the final…
Christian Aid have cut ties with Barclays over the bank’s investments in oil and gas industries. The bank is known to be one of Europe’s leading funders of fossil fuels. Sarah Edwards from…
As food prices soar the government is discussing plans for supermarkets to introduce price caps on basic food like bread and milk to limit the rising cost of living. A voluntary agreement with…
Chancellor Jeremy Hunt’s budget scrapped the lifetime allowance on tax-free pension contributions. There were other key measures: Free 30 hours per week childcare is expanded to cover children from nine months to two…
Christian Labour MP Alex Cunningham said, ‘the budget lacks ambition to tackle the cost of living crisis and support those in need. There is nothing to deal with rising poverty. We need much…