Tagged: Rachel Reeves

Ramp Acquires Paytech Billhop

Ramp has acquired Billhop, a Stockholm- and London-based payments platform licensed in the UK and Sweden. The acquisition deepens the company’s support for customers operating in the UK and Europe. Additionally, Ramp will open its first international offices in London and Stockholm. Nearly half of… Read More

Mixed Bag in Autumn Budget as Chancellor Rachel Reeves Says Taxes Will Rise. Fintech Insiders Comment.

The Chancellor of the Exchequer, Rachel Reeves, revealed the Autumn Budget today, and for those anticipating multiple tax increases, the statement did not disappoint. Reeves said the government is “doubling down on its plans and the economic and fiscal strategy it set last autumn.” While… Read More

CEO of DECTA UK Says Autumn Statement Needs to Introduce Drastic Reforms

The Autumn Statement will be delivered by the Chancellor of the Exchequer, Rachel Reeves, this Wednesday. Much of the speculation surrounding the budget proposal swirls around rising taxes and support for specific programs. The Labour government inherited a challenging economy with declarations of a “fiscal… Read More

More Brits Predicted to Flee the UK Following Autumn Statement as Taxes Expected to Rise

The Autumn Statement, the UK’s budget update, is just around the corner. Chancellor of the Exchequer Rachel Reeves is expected to deliver Labour’s vision for the economy, which may include a host of tax increases. Thought to be on the table include increases in capital… Read More

Autumn Budget: More Support Needed for SMEs

The Autumn Budget will be presented next week on November 26th. Chancellor of the Exchequer Rachel Reeves has her work cut out for her as the UK is experiencing mediocre growth, sticky inflation, and high government debt. Expectations that some taxes may rise, but any… Read More

UK Regulators, FCA and PRA, Open Up “Scale Up Unit” to Help Firms, Fintechs Grow

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have joined to open up a “Scale Up Unit” with a mission to support regulated firms grow. The Chancellor of the Exchequer, Rachel Reeves, shared the news during a Forum in Leeds. The Forum focused… Read More

Former Chancellor, George Osborne, Slams Labour Government’s Failure to Advance Crypto, Stablecoin Development: UK Being Left Behind

The Chancellor of the Exchequer, Rachel Reeves, has publicly declared her intent to enable digital asset innovation in the UK, but for many, the Chancellor is falling short of this goal. Writing in the FT, former Chancellor George Osborne, has slammed Reeves, claiming that Britain… Read More

Tensions Over Revolut’s Banking License Could Stall Progress in UK Fintech Sector

The United Kingdom’s fintech industry, often considered one of the most  progressive, is currently embroiled in a dispute that potentially risks undermining its reputation for being a business-friendly environment.  At the core of the issue is global Fintech Revolut, which has been waiting for over… Read More

UK’s Contemplated Bitcoin Sale a Foolish Move, Nigel Green Cautions

UK Chancellor Rachel Reeves is reportedly contemplating a sale of the country’s confiscated Bitcoin stash—some 61,000 BTC seized in a 2018 fraud bust—to alleviate an estimated £20 billion fiscal shortfall. But while offloading crypto could offer short-term relief, Nigel Green, the CEO of global financial advisory… Read More

Chancellor Rachel Reeves Announces Crypto Regulation: Exchanges, Dealers, etc. Will Be Brought Into Regulatory Perimeter

Chancellor of the Exchequer Rachel Reeves has announced new crypto rules, where crypto exchanges, dealers, and others will be brought into the regulatory perimeter. Clear regulation is vital to allow digital asset technology to develop responsibly. In a public statement, Reeves noted that new rules will… Read More

Spring Statement: Payhawk CEO Shares Advice as to How UK Government Can Support Key Fintech Sector

Tomorrow, the Chancellor of the Exchequer, Rachel Reeves, will deliver the Spring Statement, and the Fintech industry will be watching closely to see how future policy will impact their sector and other changes that may affect the economy in general. The UK government has already announced it… Read More

More Comments on Chancellor’s Spring Statement this Week

The Chancellor of the Exchequer, Rachel Reeves, will deliver the Spring Statement at approximately 12:30 pm GMT on Wednesday 26 March.  The presentation to Parliament will be keenly watched by policymakers and financial markets. Reeves is expected to address a litany of challenges while sharing… Read More

Fraud in the UK: Financial Crime Experts Share Opinion on UK Government’s Ineffectiveness in Stopping Financial Fraud

Two financial fraud experts say the Chancellor of the Exchequer, Rachel Reeves, needs to address the growing issue of financial fraud during next week’s Spring Statement. Silvija Krupena, Director of the Financial Intelligence Unit at RedCompass Labs, and Jonathan Frost, Director of Global Advisory at… Read More

As Spring Statement Nears DECTA CEO Says SMEs Need Solutions, Not More Austerity

The Chancellor of the Exchequer, Rachel Reeves, will address Parliament next week with her economic plan, which she will present to policymakers. The Spring Statement is expected to include numerous policy changes aiming to boost economic growth while cutting government costs and associated red tape, which undermines… Read More

Fintech CEO Shares What He Wants to See in Chancellor’s Spring Statement

Rachel Reeves, Chancellor of the Exchequer, will deliver the annual Spring Statement next week, with expectations of dramatic changes to the UK government’s economic policy. Reeves is anticipated to seek a balancing act of slashing government red tape and reducing government expenditures while adopting policies… Read More

Digital Gilt Instrument (DIGIT) Moving Forward as UK Embraces Blockchain for UK Gilts

The Chancellor of the Exchequer, Rachel Reeves, has announced that the Digital Gilt Instrument (DIGIT) or UK Gilts, which leverages distributed ledger technology (DLT), will move forward. The Chancellor stated: “The UK is leading the way on digital innovation, and the creation of DIGIT will help to… Read More

Chancellor Rachel Reeves Meets with Top Fintechs in Advance of Spring Statement

Chancellor of the Exchequer Rachel Reeves has met with a group of top Fintechs in advance of next week’s Spring Statement, according to a report from Sky News. This follows an announcement about the UK government’s new policy of slashing red tape and reducing regulatory… Read More

Chancellor of the Exchequer to Meet with Regulators in Move to Slash Red Tape, Lower Costs of Doing Business in the UK

The UK is in regulatory reduction mode. The Chancellor of the Exchequer, Rachel Reeve, is scheduled to meet with top regulators as she pursues a policy of slashing red tape. The goal is to “make Britain the best place to do business and drive economic growth.” It… Read More

UK Payment Systems Regulator (PSR) to be Terminated, FCA to Take Over Job: Insiders Respond

The UK Payment Systems Regulator (PSR)will be shuttered by the UK government. The move is described as reducing “red tape” or “unnecessary regulation” to improve growth by reducing the burdens ladled upon businesses. The PSR oversees payment systems like card rails. Its responsibilities will be… Read More

UK Announces Pilot for Government Bonds Using Blockchain Technology

The UK government has announced that the issuance of Gilts will be tested on distributed ledger technology (DLT) in a forthcoming pilot. If the UK issues government bonds using blockchain technology, this could transform how public authorities issue and manage debt offerings. In a speech… Read More

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