Tagged: philip hammond

UK Fintech Week Agenda Announced. Chancellor of the Exchequer, Philip Hammond: “I see Fintech as an essential sector”

The agenda for next week’s UK Fintech Week 2017 has been announced by the Chancellor of the Exchequer, Philip Hammond. HM Treasury said they were building on last year’s success as the week long gathering brings together financial firms, government, and regulators seeking to boost… Read More

World First Announces India Expansion, Participates in UK Economic Trade Mission to India

  World First, an international Fintech payments and currency firm, has launched its service in India as the business accelerates its international growth plan. The announcement comes as World First joins the UK Government’s trade mission to India alongside Philip Hammond, Chancellor of the Exchequer,… Read More

Spring Budget Response: Innovate Finance Says UK Government Must Do More to Create Funding Ecosystem

Innovate Finance, the group that champion’s Fintech innovation in the UK and around the world, has shared the opinion of their Policy and Research Team on the Chancellor of the Exchequer, Phillip Hammond’s Spring Budget. Innovate Finance said they were pleased with the announcement that technical… Read More

Final Spring Budget: Alternative Finance Provides Feedback on Chancellor of the Exchequer Philip Hammond’s Announcements [u]

Chancellor of the Exchequer Philip Hammond delivered the final Spring budget today. Many policy questions persist as the UK separates itself from the European Union: Will the UK be able to maintain its leading economic status in Europe? Will the UK hold onto its dominance… Read More

Assetz Capital CEO Stuart Law Predicts Boost for P2P Sector in Upcoming Budget

Stuart Law, CEO and co-founder of P2P lender Assetz Capital, expects a boost for the peer to peer lending sector in the upcoming budget. Specifically, Law believes a small business tax rise and IFISA rule change could boost the online lending sector. “In just a few… Read More

Property Partner: Investments in Infrastructure & Technology Inject New Confidence in British Economy

British Chancellor of the Exchequer Philip Hammond delivered the annual autumn statement late last month and underlined the UK’s numerous economic weaknesses that the Brexit vote only enunciated.  As Brexit negotiations continue between now and 2019, Britain will have to tackle its poor productivity record, particularly… Read More

Luke Lang of Crowdcube is Pleased with Autumn Statement, but Wants to See More for Crowdfunding

The Chancellor of the Exchequer’s Autumn Statement contained various boosts to business including acknowledgment of the importance of early stage companies for the UK economy. Chancellor Philip Hammond stated; “By injecting an additional £400m into venture capital funds through the British Business Bank, unlocking £1… Read More

Innovate Finance Responds to Chancellor of the Exchequer’s Autumn Statement

Lawrence Wintermeyer, CEO of Innovate Finance, welcomed Chancellor of the Exchequer,  Philip Hammond’s Autumn Statement delivered to Parliament today. Wintermeyer said he was “pleased to see a focus on investment, productivity, and digital innovation”. Innovate Finance had called for the UK government to advance on… Read More

UK Banks Must Now Share Details on Rejected SME Loans with Alternative Finance Providers

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More

ThinCats Founder Caley Calls on Hammond to Do More for Savers

Last month, the Bank of England reduced the Bank Rate from 0.5% to 0.25% as part of a broader stimulus package to buttress the UK economy following Brexit aftershocks. These interest rate cuts make money cheaper to borrow but this means savers are earning less. Moneyfacts… Read More