FINANCIAL SERVICES

£2bn

Posted: 28 August 2021
An anti-fraud scheme has detected or prevented more than £2bn of fraud since it was launched 25 years ago.
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National Highways Wants Your Views on Future Road Investment

Posted: 25 August 2021
National Highways has launched an online feedback tool for road users and those who live near to England’s motorways and major A roads to give their views on where investment is needed the most.
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Central Bank Digital Currencies Herald a New Chapter for the Monetary System

Posted: 23 June 2021
The Bank for International Settlements' Report lays out the design choices for CBDCs, which, alongside cash, would be issued and backed by a central bank, and offers an economic analysis of their implications for consumers, financial institutions and the central bank itself.
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Global Banking Regulator Proposes Tougher Capital Rules for Cryptoasset Holdings in Banks

Posted: 10 June 2021
The proposals split cryptoassets into two broad groups: those eligible for treatment under the existing Basel Framework with some modifications; and others, such as bitcoin, are subject to a new conservative prudential treatment.
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Changes to PROOF Service Will Enhance Security of Company Filings

Posted: 1 June 2021
The Companies House's changes will help prevent unauthorised company name changes.
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UK Sanctions 22 Individuals Involved in International Corruption

Posted: 26 April 2021
Individuals involved in some of the world’s most serious cases of corruption will no longer be able to channel their money through UK banks or enter the country thanks to new sanctions announced by Foreign Secretary Dominic Raab today.
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Bank of England and HM Treasury Have Created a CBDC Taskforce

Posted: 19 April 2021
The new taskforce will examine the possibility of creation of BoE-issued digital money that would exist alongside cash and bank deposits.
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Time Magazine Joins Other Companies in Holding Bitcoin on Balance Sheet

Posted: 12 April 2021
Time Magazine will accept Bitcoin as payment and plans to make an educational video series on cryptocurrencies.
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Recovery Loan Scheme Launches Today

Posted: 6 April 2021
The new Recovery Loan Scheme will ensure businesses continue to benefit from Government-guaranteed finance throughout 2021.
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Fisheries and Seafood Scheme Opens for Applications

Posted: 6 April 2021
New scheme launches to provide £6.1 million over the next 12 months to support England’s seafood sector, coastal communities and marine environment.
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Around 50,000 Businesses Close Due to Late Payments Every Year

Posted: 6 April 2021
Some businesses wait several months before paying their suppliers, severely impacting the bottom line of many small businesses.
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Government-Backed Loans Supported Thousands of Businesses During Pandemic

Posted: 3 April 2021
Government-backed finance helped thousands of businesses protect jobs and livelihoods during the coronavirus pandemic.
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1.6 million

Posted: 3 April 2021
More than 1.6 million firms benefited from government-backed loans to keep them trading and protect jobs and livelihoods during the coronavirus pandemic.
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New Restart Grants Scheme to Provide Funding of up to £18,000 to Eligible Businesses

Posted: 1 April 2021
A fresh wave of grant funding launched as councils are called on to do their bit to continue supporting businesses.
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National Living Wage Extended to Younger Workers

Posted: 1 April 2021
The age threshold for the National Living Wage changes from 25 to 23 as the rate increases on 1 April.
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