General news - Blue Finessence

You may not like Trump, but his power grab for the economic levers is right. Liberals, take note! | Leah Downey

The US president has recognised something that is rarely acknowledged: monetary policy is political. The question is how to make it democratic If I asked you to list the things that make democratic politics meaningful, what would you include? Most likely elections and education. Perhaps the NHS, or

Government wishes to sell shares in URENCO

The Dutch government wishes to sell its interest in URENCO, which provides uranium enrichment services for nuclear power producers. The Cabinet has agreed to this intention. The sale of the Dutch shares in URENCO can only take place, when the public interest in terms of non-proliferation, nuclear safety

UK can’t say ‘job done’ on fighting inflation, says Bank of England’s Huw Pill

Chief economist warns that ‘cautious’ approach to further interest rate reductions is required The Bank of England is not in a position to declare “job done” in tackling inflation amid concerns over rising prices hitting households, Threadneedle Street’s chief economist, Huw Pill, has said. Speaking a day after

Dutch minister of Finance makes offer for compensation due to the nationalisation of SNS REAAL

The Dutch minister of Finance makes an offer for compensation due to the expropriation of shares and subordinated debt of SNS REAAL and SNS Bank. The offer amounts to €0,- for both the expropriated shares as well as the subordinated debt. Source

‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises

UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidence Rachel Reeves’s plans for growth suffered a double blow after the Bank of England halved its forecast for the year and warned households would face mounting pressure from

State of the Netherlands nationalises SNS REAAL

The Minister of Finance, in close consultation with De Nederlandsche Bank (DNB), has nationalised SNS Reaal. Savings deposits of clients are secure and the service provision of SNS REAAL has been safeguarded. The intervention has averted grave threats to financial stability and the economy. Source

Grim news for Rachel Reeves is good news for the FTSE 100 | Nils Pratley

The stock market is not the economy – as shown by the new closing high after the Bank of England’s rates cut Never confuse a stock market index with a symbol of national economic health. The truth of that old piece of wisdom was demonstrated on Thursday as

Martyn Beauchamp appointed as CEO of FSCS

The FCA and the Prudential Regulation Authority (PRA) have appointed Martyn Beauchamp as CEO of the Financial Services Compensation Scheme (FSCS). Martyn has been interim CEO of the FSCS since October 2023, and during this time he has successfully overseen the FSCS’s transition to a new operating model.

Growth of private markets requires continued focus on valuations

The FCA's review of private market valuation processes has found good practice but some room for improvement. Private markets have grown significantly in recent years with the UK continuing to be the largest centre for private market asset management in Europe.Private market assets don’t have the frequent trading

Bank of England cuts rates as governor warns of inflation bump – video

The Bank of England cut interest rates to 4.5% as its governor, Andrew Bailey, warned of more inflation to come, with a bleak forecast for growth in the UK. Bailey signalled Threadneedle Street stood ready to cut borrowing costs further this year despite the short-term rise in inflation.

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