UK Finance

Our 'Best Days Lie Ahead'? 6 Hugely Awkward Graphs Osborne Doesn't Want You To See

The Huffington Post UK | Asa Bennett | Posted 11.04.2014 | UK Politics

George Osborne is taking the world stage to boast that his austerity strategy has succeeded and that Britain's 'best days lie ahead'. The Chancell...

Co-Op Bank Just Made A MASSIVE Loss... And It Won't Get Better Soon

PA | Posted 11.04.2014 | UK Politics

The Co-op banking arm reported a £1.3 billion annual loss today as it warned its legacy issues will continue to hit its financial performance for som...

MP Who Told Osborne To F**K Off Now Made His Deputy

The Huffington Post UK | Asa Bennett | Posted 09.04.2014 | UK Politics

Tory MP Andrea Leadsom has been appointed the new economic secretary to the Treasury in a surprise reshuffle prompted by Maria Miller stepping down as...

Will the New Bank of England MPC Be More Hawkish?

Nick Beecroft | Posted 07.04.2014 | UK
Nick Beecroft

On March 18th Governor Carney unveiled a major reorg. at the Old Lady, naming two new Deputy Governors , with Ben Broadbent becoming Deputy Governor responsible for monetary policy, taking over for Charlie Bean, who retires at the end of June. This creates a vacancy on the MPC, as Broadbent is already on the committee.

Did You Know That Supporting Gay Rights Is Good for Business?

Maria Caspani | Posted 31.03.2014 | UK Lifestyle
Maria Caspani

People often approach the issue of gay rights (if one can even call it an issue) from the "doing the right thing" perspective, meaning that supporting the rights of homosexuals, bisexuals and transgender people is the right thing to do because everyone should be free to be who they are without facing discrimination of any kind.

Is Integrity the Key Ingredient for Financial Services?

Dr Joseph Zammit-Lucia | Posted 28.03.2014 | UK
Dr Joseph Zammit-Lucia

In the UK and elsewhere, the financial services industry is in the eye of the storm. The industry probably accounts for around 9.5% of UK GDP. Yet in the wake of the financial collapse, seemingly never-ending penalties for mis-selling and market manipulation and the continuing public outrage over bankers' compensation, many have come to believe that the industry is both rotten to its core and has become totally dissociated from the society which it is supposed to be serving.

What's the True Impact of Debt?

Jo Salter | Posted 27.03.2014 | UK Politics
Jo Salter

Debt is only as bad as the harm that it causes, which is why the Demos report out today has created a 'Harm Index' measuring the impact of debt. It suggests ways that debt support should be tailored to the individual struggles individuals face, and also argues that lenders who cause the most harm face stronger penalties.

How Managing Tax Better Could Help Fill the Education Finance Gap

Manos Antoninis | Posted 25.03.2014 | UK
Manos Antoninis

Better management of tax and prioritization of education in budgets could raise $153 billion for the sector in 2015, according to calculations in a new policy paper by the EFA Global Monitoring Report team.

All In It Together? BofE Doubles Champagne Spending In A Year

The Huffington Post UK | Asa Bennett | Posted 21.03.2014 | UK Politics

Consumption of wine and champagne at the Bank of England nearly doubled in the year Mark Carney took over, as officials bought over 300 more bottles o...

UK Bankers 'Disappointed' With Their MASSIVE Bonuses

The Huffington Post UK | Asa Bennett | Posted 11.03.2014 | UK Politics

City of London bankers were "disappointed" with the size of their bonuses this year, despite a survey finding that UK bankers enjoyed the biggest bonu...

My Moral Obligations to Non-existent Debt

Scottee | Posted 10.03.2014 | UK Lifestyle

I'm being asked to pay back £1000 to a bank that has reportedly contributed to the national, if not global financial crisis, a bank who sold dead debt to profit from it. Who has the moral obligation to payback?

LOOK: This Graph Shows How The UK Is Russia's Top Banker

The Huffington Post UK | Asa Bennett | Posted 05.03.2014 | UK Politics

With Moscow threatening to seize foreign business assets if the West imposes economic sanctions, how close are the UK's financial links to Russia? ...

Banks Must Catch the Innovation Bug

Nasir Zubairi | Posted 05.03.2014 | UK
Nasir Zubairi

Although I agree that Banks and Financial technology firms should be looking to partner and work together where possible to improve the proposition for customers, I don't necessarily believe that this strategy will make banks more innovative and provide better services for you, I and our businesses...

Have People Misunderstood the Meaning of Capitalism?

Yousif Nur | Posted 03.03.2014 | UK Politics
Yousif Nur

Four words essentially ended capitalism: Too big to fail. If that isn't fascism by its very definition, then clearly something big is missing. A model to look on and admire is Iceland - an economy that collapsed, arrested those responsible and now have a sound footing economically. That is what true capitalism is.

Squeezing Public Sector Pay Can't Be Done for Too Much Longer

Dan Corry | Posted 27.02.2014 | UK Politics
Dan Corry

The uptick in growth is real and brings a welcome increase in jobs in its wake. Of course, growth is pretty anaemic compared with what we normally get after a massive downturn and, unlike many other countries, we are not yet back to the level of output before the crash.

'Carney's Delay Could See Brits Suffer Shock Interest Rate Rise'

The Huffington Post UK | Asa Bennett | Posted 26.02.2014 | UK Politics

Mark Carney's decision to keep interest rates at their historic 0.5% low could see families and business forced to suffer an interest "shock", a forme...

New UK Banking Act: A Missed Opportunity to Make Banks Socially Responsible

Prem Sikka | Posted 26.02.2014 | UK Politics
Prem Sikka

Some six years after the banking crash, there is little sign of any major reform. The UK's Banking Reform Act is a disappointment and at one stage was described by the chair of the Parliamentary Commission on Banking Standards as "virtually useless".

Angela Merkel Visit: Lessons From Germany for David Cameron

Molly Scott Cato | Posted 25.02.2014 | UK Politics
Molly Scott Cato

German chancellor Angela Merkel is being treated like political royalty, a consequence of her country's economic power as well as prime minister David Cameron's desperate need for friends in Europe. Few would argue about the position of Germany as the economic powerhouse of the European Union but what can Britain learn from the German economic model?

Why Marshmallows and Money Are the Key to Success

Vivi Friedgut | Posted 24.02.2014 | UK
Vivi Friedgut

Understanding the repercussions of everyday financial decisions is just the starting point for good money management. This, along with techniques such as budgeting and making the most of their income, enables students to become 'future capable.'

How Do Hormones Make Bankers Worse In A Crisis?

The Huffington Post/PA | Posted 18.02.2014 | UK

Financial crises can be made worse by the hormones of stressed bankers could make them take less risky decisions, a study suggests. High levels of ...

'Scottish Independence Would Cost Millions'

The Huffington Post UK | Asa Bennett | Posted 04.02.2014 | UK Politics

Scotland's £11 billion financial services sector would suffer a multi-million pound bill to pay for a new financial regulator if Scots vote for indep...

Many Help to Buy Hopefuls Are Ill-Prepared for the Scheme

James Jones | Posted 01.04.2014 | UK Politics
James Jones

Help to Buy is bringing homeownership to within touching distance for thousands of younger buyers earlier than they may have thought possible. But it's important to remember that the deposit is just part of the equation and consideration must be given to how much you can afford to borrow - and crucially repay in the years to come.

The Business Detox

Rupert Lee-Browne | Posted 01.04.2014 | UK
Rupert Lee-Browne

It's January and we all know what that means. It's time to get on the scales, cut out the excess consumption and work off the unwanted fat. But the detox I'm referring to is not about improving your body, it's about improving your business.

Banks Up Their Game in Interest Swap Compensation Saga

Andrew Brown | Posted 29.03.2014 | UK
Andrew Brown

Following on from my most recent two blog posts (here and here) on the subject of the ongoing interest rate swap mis selling compensation scheme, the ...

Bank Of England Signals Huge Interest Rate Policy Shift

The Huffington Post UK | Asa Bennett | Posted 24.01.2014 | UK Politics

Mark Carney has signalled it is the time to "evolve" his flagship forward guidance policy, suggesting the Bank of England could ditch its 7% unemploym...