UK business bosses most pessimistic since the start of the pandemic over inflation and Brexit July 1, 2022 Business chiefs in the UK are at their most disheartened since the early days of the Covid pandemic. Soaring inflation and Brexit pains have crippled confidence on economic outlook with consumer confidence at a historic low. The Directors’ Economic Confidence Index by the Institute of Directors, a measure of economic confidence of over 400 business [...]
EU decides on ground-breaking regulation for crypto assets July 1, 2022 The European Union agreed on landmark regulation for cryptocurrencies in what could be the world’s first regulatory framework for crypto. EU lawmakers, member states, and the European Commission reached a historic deal on crypto rules Thursday that will apply to crypto-assets, crypto-assets issuers and crypto-asset service providers. The pioneering law, known as Markets in Crypto-Assets, [...]
EP: 143 Sandown & Haydock July 1, 2022 The Group 1 Eclipse Stakes at Sandown is the highlight of this weekend’s racing when a field of six take each other on over the mile and a quarter trip. In the feature race we hear from HH Aga Khan’s Racing manager Georges Rimaud regarding the supplemented Vadeni, as well as from jockey David Egan [...]
The knives are out as Bitcoin suffers its most painful month July 1, 2022 The crypto world will emerge leaner, stronger and better as we move into the next phase of adoption and development, says Jason Deane.
No 10 moves towards VAT cuts for millions of Brits as cost of living crisis rages July 1, 2022 Downing Street is proposing to reduce value-added tax in an effort to ease the cost of living. The Prime Minister’s chief of staff Steve Barclay suggested reducing the 20% headline rate of tax temporarily, The Times reported on Thursday. He said the temporary cut would bring down the tax bill for millions across the UK [...]
UK government provided £7.4bn for global exports last year and supported 72,000 jobs July 1, 2022 The UK government provided £7.4bn for global exports last year and supported 72,000 jobs in the country. The financial aid from UK Export Finance helped businesses nationwide for exports to 61 countries and added £4.3bn gross value to the economy, The £7.4bn is the highest level for 14 years, with the total support over five [...]
Taxpayers to foot extra £27.3m bill for Royal Family even as cost of living soars July 1, 2022 UK taxpayers will pay an extra £27.3m over the next two years for the Royal Family even as a cost of living crisis grips the country. The additional amount is to help the Royal Family meet expenses after a drop in profits at the Crown Estate, Bloomberg reported on Thursday. The Royals spent £102.4m in [...]
Longer and more frequent ads: Ofcom weighs up advert rules as the UK eyes American model to stay competitive July 1, 2022 Ofcom said it may extend the time and frequency allowed for advertising breaks on UK TV as the watchdog eyes up an American-style model. As part of a review of broadcasting rules, the change could mean Brits have to see more ads, with less time in between them. Current rules set by Ofcom mean that [...]
Britain needs to respond to the ‘kindness of strangers’ July 1, 2022 Britain has always been an attractive place for investors to park their money. The country’s economic dynamism has helped it pull in billions of pounds of investment, mainly toward its world-leading services industry and financial services businesses. Although the City’s banks, insurers and brokers have contributed a great deal to UK growth, the country is [...]
FATF tells countries to quickly implement its Travel Rule to detect suspicious crypto activity June 30, 2022 The Financial Action Task Force told countries to speed up with implementing its Travel Rule for crypto, a key requirement to comply with sanctions obligations and to detect suspicious transactions. The global watchdog found that most jurisdictions have not applied its anti-money laundering and counter-terrorist financing standards to virtual assets and virtual asset service providers. [...]