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Finance

The latest finance news including topics such as the development of digital banking and the future of Fintech, and stories from the World Bank and World Trade Organisations (WTO) stories.

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Over a million households will gain £420 boost under new Universal Credit rules

Finance
From 30 April 2025, a significant change to Universal Credit will ensure that more than a million low-income households across the UK receive a financial boost, thanks to new rules reducing the amount that can be deducted from their benefits to repay debts.

Adapting defence technology to business enterprise

Finance
Paddy Bradley, Director, Swindon and Wiltshire Local Enterprise Partnership explains how investing in defence technology can boost the economy

Bitcoin offshoot set to rival cryptocurrency as value slumps

Finance
Bitcoin offshoot 'Bitcoin Cash' is making an impact in the world of cryptocurrency thanks to its ability to be processed cheaply

Blockchain: what is in it for the European economy?

Finance
Benoît Abeloos, Policy Officer at the European Commission gives a compelling glimpse into how virtual currency could affect the economy

MPs launch inquiry into household finances as debt grows

Finance
The Treasury Select Committee, led by Nicky Morgan, has launched an inquiry into household finances as debt grows to £200 billion The inquiry will look...

Bank of England reveals decision on interest rates increase

Finance
The Bank of England has revealed its decision to raise interest rates by 0.25% for the first time since the 2008 financial crisis Economists and...

Bitcoin gold launch halted by hack

Finance
The launch of Bitcoin Gold, a new rival to the dominant cryptocurrency, has been hit by hacks, causing a drop in the value of Bitcoin

UK financial regulator fines US bank £35m for breaking reporting rules

Finance
The UK financial regulator has issued the Bank of America's Merrill Lynch a £35 million fine for violating transaction reporting rules

Real wages fall despite rising employment

Finance
Data shows that when inflation is taken into account wages are declining despite the rising employment broadcasted by the government

The rise and future of Blockchain

Blockchain
In this article, the founder and co-founder of the Blockchain Federation provide insight into the future for a blockchain based purpose-economy

Rents rising for low-income tenants

Finance
Low-income tenants have seen a rise in the proportion of their wages being spent on rent over the last 20 years, as revealed by new data

Bitcoin price rises over $5000 amid warnings of a cryptocurrency bubble

Finance
The price of bitcoin has risen above $5000 and is now more valuable than gold, generating warnings of a possible cryptocurrency bubble

Changing regulatory rules in financial institutions

Finance
Jean Noël Georges at Frost & Sullivan explains how RegTech providers can aid financial service organisations in meeting changing regulatory rules

Time to support ‘non-statutory’ economic development practitioners

Finance
The Institute of Economic Development (IED) puts forward the case for supporting economic development practitioners in local government

Dubai launches world’s first state cryptocurrency

Finance
The local government of Dubai has launched emCash, the world's first state cryptocurrency, which will be available to all UAE citizens

Bank of England says interest rates could rise as soon as November

Finance
Bank of England Governor Mark Carney has said that interest rates could rise as soon as November and admitted fears over household debt

Cryptocurrency jobs double over the last six months

Finance
The number of cryptocurrency jobs has doubled over the last six months as companies seek out employees who understand digital money
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