The Bank of England (BoE) has published a report setting out its strategy across artificial intelligence (AI), distributed-ledger technology (DLT) and quantum computing. The three areas are described by the UK central bank as the ‘cross-cutting technologies that we are prioritising for further action, consistent with our focus on disruptive technologies with the most potential […]|
Reform UK leader Nigel Farage has said he wants to “bring crypto in from the cold” and put an immediate halt to work on a potential UK central bank digital currency (CBDC).| www.globalgovernmentfintech.com
Afua Kyei, Chief Financial Officer at the Bank of England, has been named as the most influential Black person in the UK. The annual list, conducted by Powerlist, highlights the most powerful people of African, African-Caribbean, and African-American heritage. As CFO, Kyei leads financial governance of the £1 trillion balance sheet, funding reforms, and upgrades […] The post Bank Of England CFO, Steven Bartlett, And Emma Grede Among Most Influential Black Brits appeared first on POCIT. Tel...| POCIT. Telling the stories and thoughts of the underrepresented in tech.
Inaugural meeting of the Working Group on Progressive Economics The expert panel with three of the MPs This is an approximate transcript of the inaugural meeting in Parliament on 20 […] The post Fiscal Rules vs Economic Renewal appeared first on 99%.| 99%
Why we continue to believe the fallacies that prevent national renewal Photo by Toa Heftiba on Unsplash The phrase “lying eyes” is attributed to Dorothy Dix who wrote, “There […] The post Trust Your Lying Eyes appeared first on 99%.| 99%
The Prime Minster has promised a decade of national renewal – the Chancellor needs to act now for that to be possible Introduction Things have not been going well in […]| 99%
The Bank of England has issued a stark warning that surging investor enthusiasm around artificial intelligence could be fuelling an unsustainable bubble, raising the risk of a sharp market correction.… The post Bank of England warns the AI boom could end in bust appeared first on London Tech News | londonlovestech.com.| London Tech News | londonlovestech.com
Without bold action by the government, British citizens could find ourselves living in a formerly-developed nation In the book 99%, which was published in 2019, I made what felt at […]| 99%
A proposed scheme could raise £32bn.| New Statesman
The Bank of England is to “consider” stablecoins’ role in wholesale financial markets innovation through the UK’s Digital Securities Sandbox (DSS), the central bank’s executive director of financial market infrastructure Sasha Mills said in a speech this week.| www.globalgovernmentfintech.com
Three baseless taboos are derailing national renewal – but they need not| 99%
Our government faces stiff challenges and if it is to meet them and deliver the promised national renewal, it will need a rapid and significant shift in mindset Before the […]| 99%
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Why did the Bank of England intervene in the gilt market this week? The answer that has been doing the rounds is that it was protecting the solvency of pension funds. But this doesn't make sense to me. The Bank doesn't have any mandate to prevent pension funds going bust. And anyway, the type of pension fund that got into trouble isn't at meaningful risk of insolvency. There was never any risk to people's pensions. | www.coppolacomment.com
NATIONWIDE is making massive changes to millions of accounts today which will leave savers worse off. The nation’s biggest building society is slashing the interest rates on almost 90 savings accou…| The Sun
Virgin Money and Nationwide are increasing their mortgage rates, the latest lenders to increase some of their rates.| Mortgage Solutions
This week we’ve had some major announcements relating to UK inflation and interest rates, both of which could have an impact on the property investment outlook. Today, the Bank of England announced that it would be holding its base rate once more at 5.25%, where it has remained since August 2023. Just yesterday, the Office... Read more »| BuyAssociation Group
Labour won the general election, in no small measure due to their ‘small target’ strategy. But sticking to it in office could mean failure: for them and for the UK.| 99%
There are many arguments for taxing the extremely wealthy more. Perhaps the simplest is that while most normal people pay tax of up to 40% on their income (or more), […]| 99%
The Chancellor is due to announce his Spring Statement on March 6. Here is an open letter to the Editors of our major newspapers and broadcast media setting out a […]| 99%
