News

House prices fall in March

Property, Economy, Brexit

The latest Halifax House Price index shows that the average property value fell by 1.6% in March. This follows a 5.9% month-on-month increase reported in February. Quarterly figures show a rise of 1.6% over the first three months of the year. Annually, the data shows an increase in the...

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Further Brexit delay will hinder growth

Brexit

The head of the IMF, Christine Lagarde, has said that further uncertainty over Brexit will hinder growth in the UK economy. Speaking ahead of the agreement of an extension to Article 50, Ms Lagarde warned that businesses and investors will remain hesitant in the coming months. She said any...

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FCA has ‘large number’ of investigations in pipeline

Uncategorized

Financial Conduct Authority director of enforcement and market oversight Mark Steward says the regulator has a “large number” of investigations in its pipeline, with some entering “important phases” and tackling “very serious” issues. These included suspected financial crime, false or misleading statements and “significant” anti-money laundering system and control...

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Cyber-attacks down since GDPR introduced

Uncategorized

New statistics from the Department for Digital, Culture, Media and Sport have shown a reduction in the percentage of businesses suffering a cyber breach or attack since the introduction of GDPR last year. The 2019 Cybersecurity Breaches Survey shows that 32% of businesses identified a cybersecurity attack in the...

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One in ten shops in Wales has disappeared

Economy

There were 1,100 fewer shops in Wales in 2018 than in 2010 – a drop of nearly 9% – according to the Welsh Retail Consortium. On Monday, firms saw the greatest rise in business rates in Britain, the lobby group added, saying they were partly to blame for the...

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FCA faces probe over LCF collapse

Finance

The Financial Conduct Authority is facing a government probe into its oversight of London Capital & Finance (LCF), after customers of the firm lost thousands of pounds in investments. It follows concerns the FCA was too slow to protect consumers before LCF went into administration last month. Some 11,605...

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£9m awarded to boost health technologies

Uncategorized

The government has invested £9m into innovative digital technology projects to address key challenges in health care. The money went through the Digital Health Technology Catalyst, which is designed to accelerate the development of digital health innovation. Ian Campbell, Interim Executive Chair, Innovate UK, for UK Research and Innovation,...

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Rolled-over UK free trade deals ‘are incompatible’

Economy

Trade experts have said that the EU free-trade deals that the UK government has managed to roll over are “incomplete”. The UK Trade Policy Observatory said the deals cannot guarantee trade will continue for British companies in a no-deal Brexit. This is despite claims from ministers that these deals...

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Co-op Bank report reveals regulatory failures

Finance

A Treasury-commissioned report has found that the Financial Services Authority approved the Co-op Bank’s merger with the Britannia Building Society in 2009 despite identifying “vulnerabilities” in the lender. The City regulator had backed the deal partly out of fear of the knock-on effects had Britannia been allowed to fail....

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