Tagged: douglas grant

Bank of England Raises Rates by 25 Basis Points Following Feds 50 BPS Increase

One Pound Coin

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More

Fintechs Comment on Spring Statement by Chancellor of the Exchequer Rishi Sunak

Rishi Sunak Spring Statement 2022

Last week, Chancellor of the Exchequer Rishi Sunak delivered the Spring Statement outlining the challenges facing the economy and at least some of the government’s plans to alleviate some of the pain. A combination of COVID and then Russia’s unprovoked invasion of Ukraine has helped… Read More

4.5 Per Cent Unemployment a Good Sign, But UK Businesses Still Need Help

Life Jacket Aid Help Preserver

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

UK Budget Includes Support for Tech, Special Economic Zones and More. Government Seeks to Attract Scientific Superstars

Chancellor Rishi Sunak

Earlier today, Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor… Read More

Resolution Foundation Warns UK Government on Creating Zombie Firms, Conister Responds Saying BBLS and CBILS Kept Firms Alive

Flaking Peeling Pound UK

Earlier today, the Resolution Foundation published a report called On firm ground? The impact of Covid-19 on firms and what policymakers should do in response. The report seeks to assess the current state of corporates while setting out priorities for policymakers to allow enable firms… Read More

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