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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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PAC criticise HMRC over rising costs and outdated systems

Finance
The most recent Public Accounts Committee (PAC) highlights concerns over HM Revenue & Customs (HMRC), which shows the need for modernisation and improved efficiency for a more customer-focused approach.

The UK may still have to pay into the EU after Brexit

Finance
An unnamed cabinet member has told the BBC the UK may still have to pay into the EU after Brexit in order to secure...

LGPS – who’s in control?

Finance
John Hanratty, Head of Pensions North at Nabarro LLP discusses the Local Government Pension Scheme (LGPS) and how the new regulations might impact With the...

Labour says it will replace any funding shortfalls caused by Brexit

Finance
Labour has committed to replace regional funding lost as a result of leaving the EU, it has emerged… A multi-billion pound commitment has been made...

BCC cuts UK growth forecast following Brexit vote

Finance
Following the vote to leave the EU, the British Chamber of Commerce has cut its forecast for growth to 1.8 per cent, down from...

Last quarter sees real-terms pay rise

Finance
A new analysis has revealed workers received a real-terms pay rise during the last quarter… Pay analysts at XpertHR have revealed employees saw a slight...

House prices to fall next year due to Brexit

Finance
A new report has warned Brexit uncertainty will see the housing market contract next year… A new report from estate agency Countrywide has said it...

Digital tax system timeline set by HMRC

Finance
HMRC has set a timeline for when it will upgrade its system to introduce digital tax accounts… It is expected that by 2020, HM Revenue...

UK’s membership to the single market boosts GDP

Finance
New research from the Institute for Fiscal Studies has found staying in the single market could add an extra four percent to the UK’s...

Brexit vote has not slowed UK consumer spending

Finance
A new survey has revealed despite the shock of the Brexit vote the UK has continued to spend… New figures suggest UK consumers have continued...

Start-up businesses outside London are more resilient

Finance
Small firms based outside the capital survive longer and are more resilient to economic changes, according to a new report… Fewer than two out of...

European Commission announces call for tenders for fintech study

Finance
A tender notice has been issued by the European Commission relating to a study into the financial technology sector… A tender worth €350,000 has been...

Birmingham Council launches £33m business growth scheme

Finance
Businesses in Lichfield are set to benefit from a new programme, aimed at helping with expansion and growth… The Business Growth Programme will help business...

MPs urge stronger pension protection

Finance
New rules aimed at protecting workplace pension holders may be necessary MPs have said after retailer BHS failed… Following the failure of major retailer BHS,...

Brexit decision has significant impact on economic activity

Finance
New data has suggested the impact of the vote to leave the EU has caused a “dramatic deterioration” in economic activity… The UK’s economic activity...

Overseas buyers have increased mortgage enquiries since Brexit

Finance
The number of overseas buyers enquiring about mortgages has doubled since the Brexit decision… deVere Mortgages, a firm that specialises in UK mortgages for expats...

IFS says pensioners prosper while income falls for young people

Finance
Young people have seen a drop income, with pensioners seeing an increase, according to a new report from the IFS… According to the think tank...
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