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Category: Financial Services

Fintech reforms may damage UK sector growth, experts warn | Fintech

26 September 2022 BrexitCarnage Leave a comment

Read More  ​The UK’s fintech industry may lose its competitive edge as a result of new government reforms, says think…

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Posted in: Financial Services, UK Filed under: brexit, fintech, reforms

Grim reality of ‘Global Britain’ looms as pound drops | Global Times

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Read More  ​The difference between the optimism of Britain’s new prime minister, Liz Truss, and the state of the British…

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Posted in: Currencies, Financial Services, UK Filed under: brexit, grim, pound

Pound hits record low after tax-cut plan sparks sell-off | Financial News

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Read More  ​The British pound fell to a record low against the dollar in early Asian trade on 26 September…

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Posted in: Currencies, Financial Services, UK Filed under: brexit, pound, sell-off, tax-cut plan

Plunge in sterling leaves drivers paying £6 more for tank of petrol, says AA | The Guardian

24 September 2022 BrexitCarnage Leave a comment

https://www.theguardian.com/money/2022/sep/24/plunge-in-sterling-leaves-drivers-paying-6-more-for-tank-of-petrol-says-aa?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1663975922

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Posted in: Automotive, Currencies, Economy, energy-and-climate, Road, Transport, UK Filed under: drivers, petrol, sterling

Odey’s hedge fund soars 145% on bets against UK bonds – sources | Reuters

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“Odey, who was a leading backer of Brexit, came to prominence during the 2008 global financial crisis, when he made…

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Posted in: Banking, brexit, Economy, Europe, Financial Services, UK Filed under: odey, shorting, uk-bonds

Is the pound close to breaking point? | East African Business Week

17 September 2022 BrexitCarnage Leave a comment

“Like almost every other currency except the US dollar and perhaps the euro, the pound lacks attributes of a dominant…

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Posted in: Currencies, Economy, Financial Services, UK Filed under: breaking-point, commonwealth, dominant-currency, pound, sterling

Government warned investors could desert UK as pound hits 37-year low | The Independent

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“Ms Horlick also warned that Brexit compounded Britain’s bleak economic outlook because the red-tape burden meant the UK was unable…

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Posted in: Currencies, Economy, Financial Services, Politics, UK Filed under: horlick

Truss faces backlash over plan to lift cap on bankers’ bonuses – as it happened | The Guardian

16 September 2022 BrexitCarnage Leave a comment

This live blog has now closed, you can read more on this story here In its response to the legal…

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Posted in: Banking, Europe, Financial Services, Politics, Regulation

Treasury Taps City of London Again in Latest Push to Buoy IPOs | Yahoo Finance/Bloomberg

20 August 2022 BrexitCarnage Leave a comment

“London’s stock market is facing the quietest period for listings since the financial crisis. While the immediate cause of the…

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Posted in: Europe, Financial Services, Industry, UK Filed under: ipos, listings, share-sales, slump

Britons across EU slide into Brexit banking limbo as Barclays, Lloyds and Halifax shut their accounts | City AM

13 August 2022 BrexitCarnage Leave a comment

“Following the end of the transition period in December 2020, British banks that wish to continue operating legally across the…

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Posted in: Banking, EU, Europe, Financial Services, Industry, Migration, Regulation, UK Filed under: accounts, banks, eu, limbo

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Comment on Carnage

  • KENNETH PROF. GARDNER on Britain’s trade chief races to Brussels to avoid ‘Made in Europe’ shutout | Politico
  • Elizabeth Gardiner on Britain and Europe: time to move together, faster and further | The Guardian
  • Elizabeth Gardiner on Brexit’s slow‑burn hit to UK economy | Rieti
  • Elizabeth Gardiner on Seven times Starmer’s MPs have forced him to U-turn…so far | Politico
  • Elizabeth Gardiner on A warning for Starmer: Brexit’s falling apart, but if you’re not bold on Europe, your Labour rivals will be | The Guardian
  • Elizabeth Gardiner on Labour must follow up plan to return to Erasmus by re-joining EU | London Loves Business
  • Elizabeth Gardiner on Erasmus is back – but what made it so good? | Metro
  • Mark on Brexit has been a resounding disaster. Starmer must find the courage to change course | The Guardian

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