UK finance workers weigh quitting over back-to-office mandates May 19, 2026 Financial services workers are weighing quitting their roles if their companies mandate office attendance amid a deepening feud between managers and employees. Nearly six in ten employees in the finance sector said requirements around their office presence is making them more likely to leave their role, according to new research from City recruiter Morgan McKinley. [...]
Emergency lifeline for collapsed banks doubled to £3bn May 18, 2026 The emergency credit fund that serves as a lifeline for collapsed lenders has been doubled as a result of “recent regulatory and operational developments”. The Financial Services Compensation Scheme (FSCS) – working in tandem with the Treasury and Bank of England – has hiked its revolving credit facility capacity to £3bn from £1.45bn previously. The [...]
UK businesses eyeing shift to ‘more predictable’ tax regimes May 14, 2026 UK businesses are considering relocating abroad for a more stable tax and regulatory landscape, according to new research from consulting and network Baker Tilly International. The group, in its annual mid-market survey conducted earlier this year, found that out of all nine markets and 1,500 business leaders surveyed, including in the US, China, and India, [...]
Ministers to be handed ‘statutory powers’ to steer regulator’s growth agenda May 13, 2026 Ministers will be handed new “statutory powers” to steer UK watchdog’s growth agenda and define what it means in different “regulatory contexts“. In the King’s Speech, the government revealed its Regulating for Growth Bill – a cross-sector piece of legislation designed to beef up the UK’s regulatory system’s fostering of growth. The government’s report takes [...]
‘Alarming’ lack of private credit understanding in finance bosses May 5, 2026 The elusive nature of the private credit industry has been called further into question with fresh data revealing less than one in five financial services leaders fully understand their exposure to the sector. A fresh report from Big Four firm KPMG has found just 14 per cent of financial services executives believe they are fully [...]
Lloyds hit with highest FCA complaints as finance firms fork out £240m April 28, 2026 Lloyds Banking Group led the pack as the most complained about financial services group in the second half of 2025 as the industry forked out a near-quarter of a billion pounds to dissatisfied customers. Across its subsidiaries, the FTSE 100 giant was hit with a storm of 187,516 grievances to the UK’s financial watchdog in [...]
The King’s Speech is a test of whether the UK is serious about growth April 24, 2026 For the government to prove it means what it says about growth, it should include a Financial Services Bill in the King’s Speech, says Miles Celic When the King’s Speech is delivered in the coming weeks, it will be read as a signal not just of legislative intent, but of economic credibility. For a government [...]
UK fintech chiefs switch growth plans as capital conditions wane April 20, 2026 Over seven in ten UK fintech chiefs are switching growth plans due to the country’s ailing capital conditions. Some 71 per cent of the sector’s top bosses said they have had to adjust growth strategies as a result of tightening capital conditions, according to a fresh report from fintech advisory firm Chatsworth and market researcher [...]
Good news at last? Financial services sector rebounds at fastest rate this century April 7, 2026 Britain’s financial services sector rebounded in the first three months of this year powered by the fastest single-quarter recovery since 1996, a closely watched survey found. According to the CBI’s industry-wide survey, sentiment among financial firms improved for the first time in nearly two years, as an uptick in profitability was aided by the uncertainty [...]
A grassroots crypto campaign just forced its way into the House of Lords. Now it wants to reshape British banking March 25, 2026 When Stand With Crypto UK launched a petition calling for a national stablecoin strategy six months ago, few expected it to end up in the corridors of Westminster, but as the petition closed with almost 85,000 signatures it had already more than achieved the petitioners’ aims. Stand With Crypto UK, a grassroots organisation, can now [...]