UK credit card borrowing rises at fastest annual rate in almost two years
Bank of England says individuals borrowed extra £2.1bn in consumer credit in November Business live – latest updates Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England, as households took on debt to finance the rising
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FCA stops Verus Financial Services Limited from carrying out regulated activities and tightens asset restrictions
The FCA has removed all regulatory permissions from Verus Financial Services Limited requiring it to stop conducting all regulated activities and imposed a more stringent assets restriction. The action follows concerns that the firm has repeatedly breached an existing asset restriction, which prevented it from selling, transferring or
Read MoreGreater flexibility to be given for setting future contactless limits
People could find it easier to pay using contactless, thanks to greater flexibility and the removal of red tape by the FCA. Banks and payment providers with strong fraud controls will be able to set their own limit for contactless payments, allowing them to better respond to changing
Read MoreInvestigation into WH Smith PLC
We confirm that the FCA has opened an investigation into WH Smith PLC. The investigation concerns potential breaches of UK Listing Principles and Rules and Disclosure and Transparency Rules in relation to the matters announced by WH Smith PLC on 19 November 2025. FCASource
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Is a House Still a Good Investment Right Now?
My favorite CFO, Bill Sweet, joined us on the show again this week to answer questions about Roth 401ks, using margin in your portfolio, balancing retirement accounts and how a 22-year-old should save for retirement. Plus we asked Bill a bunch of tax questions to prepare for the
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Historical Returns For Stocks, Bonds, Cash, Housing & Gold (2025)
I’m going through my annual tradition of updating historical return data now that we’ve turned the calendar on another year. Some people have resolutions. I have spreadsheets. Aswath Damodaran updates annual returns for stocks, bonds, cash, gold and housing at NYU each year going back to 1928. I
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The Probability of Loss in the Stock Market
I like playing the odds when it comes to the stock market. I’m a long-term investor because it increases your odds of success. There are no guarantees but the short-term is far more volatile than the long-term. But the odds in the stock market are not static. These
Read MoreFCA welcomes reform to the UK Benchmarks Regulation
The FCA welcomes the Government’s consultation on a new benchmarks regime for the UK. Since the introduction of the current regulatory framework, the financial landscape has evolved significantly. We now have an opportunity to build a regime that is more targeted to current market conditions and to reduce
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UK Government Video Game Warns Kids They May Be Terrorists For Questioning Mass Migration
UK Government Video Game Warns Kids They May Be Terrorists For Questioning Mass Migration Authored by Steve Watson via Modernity.news, In a chilling move, the UK government has rolled out a taxpayer-funded video game that paints every curious teenager as a potential far-right extremist. The “Pathways” game, backed
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