Excessive regulation could turn the City of London into a “graveyard” by stifling innovation and risk-taking, Sam Woods, chief executive of the Bank of England’s Prudential Regulation Authority (PRA), has warned. Speaking at the City’s annual banquet at Mansion House, Woods cautioned that while financial regulations are necessary for stability, over-regulation could suffocate the financial sector’s ability to drive economic ...
UK retail sales rose unexpectedly in September, defying analyst predictions of a contraction, as consumers increased spending on technology despite impending tax rises and economic uncertainties. According to the Office for National Statistics (ONS), retail transactions grew by 0.3% in September, building on a strong 1% increase in August. Analysts had forecast a 0.4% decline for the month. While technology ...
Conservative leadership hopeful Robert Jenrick has pledged to unite a divided party and introduce economic policies that would see a 2p reduction in income tax. Speaking on GB News, Jenrick outlined his vision for a more cohesive Conservative Party, while emphasising his business background as a key driver of his economic strategy. “I’ve got friends across the party, and I ...
Chancellor Rachel Reeves is reportedly considering the abolition of tax breaks for salary sacrifice schemes used by tens of thousands of drivers to lease electric vehicles (EVs). This move could potentially deal a significant blow to the UK’s push towards widespread EV adoption. The Treasury is reviewing whether to scrap or modify these schemes, which allow employees to lease EVs ...
Hours after Hamas leader Yahya Sinwar was killed by Israeli forces, Iran remembered Sinwar as a martyr whose vision for a liberated Palestine would be carried forward. Sinwar, the architect of the Oct. 7, 2023, attack on Israel, which prompted the ongoing war between the Jewish state and terror group in the Gaza Strip, was killed Thursday by Israeli forces ...
The State Department on Thursday said the killing of Hamas leader Yahya Sinwar by Israeli troops presented an ‘opportunity’ for a potential cease-fire and an end to the yearlong war. State Department spokesperson Matthew Miller said until Sinwar’s death, ‘there’s been no path to ending this war because Sinwar has refused to talk about releasing the hostages.’ ‘We now ...
A former president, a Kennedy, a pop star, and a tech giant have all thrown their names behind a presidential candidate this year — but will it make a difference? Former President Obama, Robert F. Kennedy, Jr. and Taylor Swift are the only individuals to receive net positive personal ratings among nine figures tested, including the current presidential and vice ...
When the market is rallying in full swing, it can sometimes be difficult to select which stocks, among the hundreds, might present the best case to buy. For spotting the strongest stocks on a technical basis, the StockCharts Technical Rank (SCTR) can be an essential tool. There are many ways to use the SCTR Report. One would be to pull ...
Michael Chapman There are so many government regulations placed on businesses that it’s like “a million little strings that tie Gulliver down” and eventually he “can’t move,” said billionaire entrepreneur Elon Musk in an interview with Cato Senior Fellow Johan Norberg. At the governmental level, he added, there needs to be a “regulation removal department.” Musk, who runs Tesla, SpaceX, ...
The Israel Defense Forces (IDF) just took out their target No. 1: Hamas leader Yahya Sinwar, the mastermind behind the Oct. 7 attacks on Israel. Sinwar rose to the top position after the killing of previous leader Ismail Haniyeh in the explosion of a guesthouse in Tehran on July 30. Referred to by Israel as ‘The Butcher of Khan Younis’ ...