Finance need an overhaul to price in climate change risk and push green agenda forward Why did the credit and wider financial system only take off in the last 400 years? Despite money and lending being around for millennia, financial services only truly got going alongside the Enlightenment. According to the writer Yuval Noah Harari, the fundamental shift was to be found in humanity’s belief about the future. In previous [...]
Unpredictable and punitive taxation is threatening the competitiveness of UK banking Winston Churchill famously claimed that “for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle”. But for banking – Britain’s biggest export sector – the handle is still being pulled. New figures published today by the BBA show [...]
There’s no room for complacency about the value of passporting rights to UK financial services For almost three decades, Brits have been wandering around the globe with small burgundy books in their pockets and purses. Since the June referendum, however, the colour of these travel documents has become a bone of contention for Brexiteers. In fact some have begun campaigning for the return of the old dark blue passport used until 1988 [...]
The $100bn question: Banks must not let the past limit their future ambitions October 15, 2014 WHAT sort of banking industry do you want? Probably much the same as I do: banks that fuel economic growth, lend to businesses, let customers fulfil their dream of owning a home, and are well-financed enough to ensure that we taxpayers are never called on to provide support ever again. Today, senior bankers will gather [...]
Contactless Tube payment: Just the latest advance in the UK banking revolution September 15, 2014 You could be forgiven for thinking that London’s trams might be an unlikely place to find cutting edge technology. But from today, this iconic and characterful mode of public transport – along with our more conventional Tube stations and buses – are offering technology that allows you to pay your way with just a flash [...]
