You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Capital Markets & Wholesale to Payments & Innovation.
1. Acting IMF chief backs monetary easing by central banks
2. UK 'scarily' exposed to next major downturn
3. Death Notification Service eases burden for grieving families
FTSE 100 chairmen believe that Britain will not leave the European Union on 31 October (Times, £, p38)
The Financial Times (£, p6) reports on calls from the acting head of the International Monetary Fund (IMF) Mark Lipton for new monetary stimulus from major central banks to help reenergise the global economy. Whilst not naming any specific countries, Lipton has called on central banks to loosen their policies in light of sluggish growth and help support the global economy. Separately The FT (£, online) also reports that his predecessor at the IMF Christine Lagarde, who is in line to take over as the European Central Bank, will inherit a team of counsellors that will be crucial in helping shape the bank's future monetary policy. The article speculates on a number of key advisers who could be appointed to work with the new ECB head, including the former governor of the Central Bank of Ireland Philip Lane, who it's claimed could become the pre-eminent figure in reviewing the bank's monetary policy framework.
The Daily Telegraph (£, p29) and the Guardian (online) reports on warnings from the Resolution Foundation that the UK is not prepared for another economic turndown, with some recession-fighting tools almost exhausted. The Foundation argues that a combination of low interest rates and high government debt would leave the UK exposed in a future financial slump. However, one tool the Bank of England does have at its disposal comes in the form of the countercyclical capital buffer, a fund that has been built up and could be used in a downturn to provide extra capacity for banks to lend to businesses and households.
The Sunday Times (£, online) reports on a successful trial of the Death Notification Service, with the scheme now looking to expand and include more financial services companies. The service aims to reduces the number of phone calls grieving families have to make when sorting out the financial affairs of deceased relatives, by enabling people to make notification to a number of banks and building societies at the same time of someone's death. The article outlines that the pilot phase led to nearly 11,000 people using the service and helped them to avoid making approximately 20,000 phone calls to the banks and their brands since being launched by the industry last year.
Janet Jones, Head of Industry Strategy, Microsoft, and Jonathan Middleton, Manager, Digital and Technology Policy, UK Finance, blog today on exploring Artificial Intelligence in financial services, following the recent publication of our joint report on the subject.
A report from the TUC has called on the government to improve how it manages industrial change that benefits workers, customers, businesses and communities (Guardian, p29).
The Times (£, p36) covers figures from Rightmove which show that property prices fell by 0.2 per cent in June.
The Times (£, p35) writes on comments from John McDonnell, the shadow chancellor, who has confirmed that a future Labour government would not plan to replace the next governor of the Bank of England who will succeed current governor Mark Carney.
The Times (£, p1) reports that should Boris Johnson become the next prime minister he would prioritise negotiations with President Trump and the US on a post-Brexit trade deal.
The Department for Work and Pensions and the Department of Health are considering proposals for two million low-paid workers to become entitled to statutory sick pay, with the aim of helping more people with long term health problems get back into work (Guardian, p9)
Nick Butler, energy commentator for the Financial Times (£, online) and chair of The Policy Institute at King's College London, writes that NGOs lobbying for climate change need to review their business strategy. He argues that a more realistic view of the market is less about producers and politicians but a recognition that ?power lies with the consumer?.
Author Matthew Lynn writes in Money Week (online only) that while the City thrived as the EU's financial hub, other opportunities around the world look more promising. He believes that markets in China, the Middle East and North America are more appealing, and highlights other developments as causes for optimism, such as the UK becoming an alternative technology hub to the US. Mr Lynn concludes by calling for the City to ?double down? on its global links and to focus less on its relationship with the EU.
Sign up below to receive the News in Brief straight to your inbox
15.04.24
12.04.24
10.04.24
By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.
