London mayor: Brexit ‘disaster’ cost 40,000 finance jobs

17 Oct 2024
Brexit has had a significant impact on London’s financial sector, with an estimated 40,000 finance jobs lost since the UK’s departure from the EU, according to Michael Mainelli, the Lord Mayor of the…

Treasury asking ministers to prepare huge infrastructure cuts

04 Oct 2024
The Guardian reports that the Treasury has asked ministers to prepare for cuts of up to 10% in infrastructure spending, targeting projects such as hospital upgrades, road construction, and defence initiatives. Despite Chancellor…

Bank of England interest rates ‘set to plunge within months'

26 Sep 2024
The Bank of England is expected to lower its base interest rate to 3.5% in the coming months, a relief for home buyers and businesses as the UK economy shows signs of improvement.…

India: bank agents steal money from customers

12 Oct 2023
An exposé has shown that the Bank of Baroda made it simple and easy for its agents to steal money from customers’ accounts - and some of them did. The bank’s employees had…

Metro Bank seeks to raise capital

06 Oct 2023
When Metro Bank was launched in 2010,it was the first new high street bank in 150 years. Now, there are concerns about its future. The bank, which has around 2.7 million customers, is…

Bank of England Interest rate rise

04 Aug 2023
On August 3rd, the Bank of England’s base rate rose again to 5.25%. The last time it was 5.25% was in 2008. The Bank expects inflation to fall below 5% in the final…

Call to Christians to consider how banks invest their money

28 Jul 2023
Christian Aid have cut ties with Barclays over the bank’s investments in oil and gas industries. The bank is known to be one of Europe’s leading funders of fossil fuels. Sarah Edwards from…

Food price cuts and theft

02 Jun 2023
As food prices soar the government is discussing plans for supermarkets to introduce price caps on basic food like bread and milk to limit the rising cost of living. A voluntary agreement with…

Chancellor’s Budget

17 Mar 2023
Chancellor Jeremy Hunt’s budget scrapped the lifetime allowance on tax-free pension contributions. There were other key measures: Free 30 hours per week childcare is expanded to cover children from nine months to two…

Christians say Budget fails the poor

17 Mar 2023
Christian Labour MP Alex Cunningham said, ‘the budget lacks ambition to tackle the cost of living crisis and support those in need. There is nothing to deal with rising poverty. We need much…
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