The Chancellor declared in his Autumn Statement that Britain was on course for a budget surplus, growth and national recovery. Yet at the outset he had staked his credibility on removing the deficit within this Parliament. Not only has the
Recent developments in bank regulation have increased capital requirements for banks and so constrained lending, which shows up in small business struggling to secure finance. The regulations originate from the Basel Committee on Banking Supervision (BCBS) (Basel III – new
Resolving Macro-Prudential Matters Without Taxpayer Subsidy And so the US Federal Reserve brings to an end its $3.7 trillion QE experiment which ostensibly was introduced to kick start the economy, though this programme combined with a zero interest rate policy
Douglas Flint, Chairman HSBC along with a number of other senior bankers (FT 7th August) are said to be critical of the ways UK financial regulators are now operating. Other press articles have also give the impression that the UK
Britain’s economy faces a major problem, one which stifles aspiring entrepreneurs’ ability to reach their personal goals. The problem centres on the inability of start-ups and small firms to get the funds they need, whether to grow, to develop ideas
EDITORIAL: Yet another major financial institution made the headlines recently with Lloyds Banking Group’s £218 million fine, paid to the UK Financial Conduct Authority (FCA) and various US financial regulators over its manipulation of LIBOR and the Special Liquidity Scheme,
The savings and investment industry is a vital one as no government will be able to plug the savings gap crisis or the alarming increase in pension poverty – in Britain, it’s simply not a good place to grow old.
The one-size-fits-all approach from the Basel Committee on Banking Supervision has, inevitably, run into various challenges. Not surprisingly from London where Mark Carney, Governor of the Bank of England. On the one hand Mr Carney would like to make it
This month IPPR published its Condition of Britain report, a spiritual successor to the 1994 Commission on Social Justice that laid the groundwork for the previous Labour government. Condition of Britain focuses on how Labour can bring about social renewal
The UK needs a well-functioning financial sector which supports sustained and inclusive growth of the real economy.