Growing the UK games industry’s success shouldn’t be taxing October 18, 2018 The video games industry is one of the UK’s great success stories. Last week’s report by the British Film Institute (BFI) showed that the sector is thriving, describing it as a “significant entertainment industry”, which has produced a “wide array of globally successful and culturally impactful entertainment products”. At The Independent Games Developers' Association (TIGA), [...]
Token Intelligence: When the revolution begins October 9, 2018 When will it kickoff? It already has! (You just cannot see it yet). Perhaps the most enjoyable part of my role these days is that I get to meet some of the brightest minds in business, not least via ICOrad.io interviews, but also strategy sessions – this last week with a sector leading CEO who [...]
Boss of £775m Royal Bank of Scotland competition payout confirms Santander UK is in running September 27, 2018 The head of a scheme to pay out £775m from Royal Bank of Scotland (RBS) to boost banking sector competition today confirmed that Santander UK and other large lenders are in the running for multi-million-pound award, in spite of criticisms from rival banks. The scheme, designed by the Treasury but run independently by Banking [...]
Nationwide vows to keep branches open as it spends £1.3bn on digital growth September 15, 2018 Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today. Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the [...]
As building societies pile on the pressure, Andrew Tyrie warns George Osborne against new bank surcharge August 19, 2015 The chairman of an influential parliamentary committee has urged chancellor George Osborne to make sure that a new tax on banks does not reduce competition in the market. Read more: Osborne facing pressure from building societies over "perverse" bank surcharge Andrew Tyrie, who chairs the Treasury Select Committee, said today that there was a danger of "unintended consequences" [...]
Nationwide attacks bank surcharge, accusing George Osborne of targeting building societies August 18, 2015 Britain’s second largest mortgage lender has said chancellor George Osborne’s new bank tax will cost it £300m over the next five years. The move by Osborne to replace the bank levy with a surcharge will “disproportionately” hit building societies, Nationwide chief executive has Graham Beale said. Osborne announced in the July Budget that the annual [...]
UK house prices: Nationwide says house price growth is stabilising August 4, 2015 UK house prices are back in growth, with the UK average increasing by 0.4 per cent in July, following a 0.2 per cent dip in June, according to the Nationwide House Price index. The relatively modest month-on-month rise means that the annual pace of house price growth edged up to 3.5 per cent from [...]
Which banks will offer the Help to Buy Isa? Barclays, Lloyds Banking Group, Nationwide, NatWest, Santander and Virgin Money July 25, 2015 Barclays, Lloyds Banking Group, Nationwide, Natwest, Santander and Virgin Money are among the banks and building societies which will offer the government's widely anticipated Help to Buy Isa. Help to Buy Isas, unveiled by chancellor George Osborne in his Spring budget, aim to give first-time buyers a much needed helping hand onto the property ladder. [...]
UK house prices: Surprise drop in house price growth sends annual rate to two-year low, according to Nationwide house price index July 2, 2015 House price growth has dropped to a two-year low on the back of declines in June, according to Nationwide's latest report. Prices have dropped a surprise 0.2 per cent in June – halting increases in both May and April – causing the annual rate of increase to drop to just 3.3 per cent. One [...]
Nationwide chief executive Graham Beale to retire next year as profits jump 54 per cent May 22, 2015 Nationwide's chief executive Graham Beale will step down next year, the building society has confirmed. Beale, who is expected to retire “at or around the date of the AGM in July”, will have been at the helm of the lender for nine years and a board member for 13 years. Nationwide is now looking [...]