Articles tagged with: banks

06 Sep 2024 Economy

How Rachel Reeves Could Use Bank Of England Reserves To Boost Her Spending Power

Could reforming Bank of England reserves be a way for Rachel Reeves to raise money for ailing public services? A number of economists with links to Labour believe so.

20 Aug 2023 Communities

Local Bank Closures Risk Excluding Vulnerable People From Financial Services, Says Labour Frontbencher

A Labour shadow minister has said Britain cannot “just abandon cash” and must ensure people have access to in-person banking, as major banks are closing down scores of branches across the UK, including in her constituency in Wales.

Why the ‘Polluter Pays’ Principle Must Be Applied to Fraud

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03 Jul 2023 Economy

Why the ‘Polluter Pays’ Principle Must Be Applied to Fraud

Fraud in the UK has reached alarming levels, with over £1.2bn stolen annually, funding heinous crimes like terrorism and modern slavery. TSB's remarkable 97% fraud claim reimbursement rate sets a benchmark – but, as the government looks to takes steps to improve consumer protection, further action is needed.

04 May 2023 Economy

The future is undoubtedly digital – but bank closures are leaving people without access to cash

First, they closed the bank branches, then they closed the cash machines, then they questioned the point of cash itself, then they didn’t financially serve us. Our high streets, our communities, the financially vulnerable, all of us, left high and financially dry.

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11 Apr 2022 Economy

STOP SCAMS UK 159 Short Code Number Generates 75,000 Calls

08 Nov 2021 Economy

Access to cash is vital to protect the most vulnerable from being digitally and financially excluded

First, they closed bank branches, then they closed cash machines, then they questioned the point of cash itself, then they didn’t financially serve us. Our streets, and millions of people, have been left high and financially dry.

How we can deliver green action for real people at COP26 and beyond

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01 Nov 2021 Environment

How we can deliver green action for real people at COP26 and beyond

We are working hard to make sure that advice and financial incentives are in place to help everyone play their part in the fight against climate change

From backing business to cracking down on scams, we're changing banking for good

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20 Oct 2021 Coronavirus

From backing business to cracking down on scams, we're changing banking for good

For too long, banks have failed to prioritise their customers. Now, it's time to re-calibrate the banking experience to make it safer, easier and fairer for everyone.

We now have an unprecedented chance to benefit building societies – let’s seize the opportunity

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02 Aug 2021 Economy

We now have an unprecedented chance to benefit building societies – let’s seize the opportunity

Newly proposed measures take advantage of the Brexit freedom. It’s time for other decision makers to follow.

06 May 2021 Economy

Now is the time to realise the potential of open banking

We should roll out open banking to open everything, setting the new global standards for simple, safe data sharing in future and establishing a strong digital image of a new post-Brexit global Britain.

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17 Dec 2020 Economy

UK Finance and BSA comments on MHCLG announcement of the new Waking Watch Relief Fund

It’s important that the cost of remediation works does not fall on leaseholders who bought their homes in good faith and the government’s confirmation today that the building industry must contribute towards these costs brings much-needed clarity and relief to homeowners.

16 Dec 2020 Foreign affairs

The freezing of Ted Hui’s assets proves HSBC is now an accessory to the Hong Kong national security law

Hong Kong authorities are using HSBC to impose financial sanctions on pro-democracy figures and silence opposition. This is categorically unacceptable, HSBC should be standing with Hongkongers.

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24 Nov 2020 Economy

Building societies deliver robust lending performance

Released today, figures from the BSA for Q3 2020 show that building societies took a market share of 28% of new mortgage approvals in the quarter.

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12 Nov 2020 Economy

Thinking outside the box: Exploring innovations in affordable homeownership

Independent report from the LSE finds affordable homes initiatives have been 'ill-defined and poorly targeted'

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03 Nov 2020 Coronavirus

UK Finance and Building Societies Association respond to announcement of FCA consultation on mortgage payment deferrals

Lenders will respond by 10:00 deadline on 5 November

01 Apr 2020 Coronavirus

Government warns banks not to withhold vital funds from businesses struggling due to coronavirus

A senior Cabinet minister has warned banks it would be "unacceptable" if they withheld cash from businesses struggling to survive during the coronavirus crisis.

26 Mar 2020 Coronavirus

Government warns banks not to rip off businesses seeking state-backed loans to get through coronavirus crisis

The Government has warned banks not to rip off businesses seeking state-backed loans to support them through the coronavirus outbreak.

26 Mar 2020 Coronavirus

Rishi Sunak orders banks to help firms amid claims they are 'profiteering' from coronavirus crisis

Rishi Sunak has told banks they must do more to help firms on the brink of collapse because of the coronavirus pandemic, as MPs hit out at "profiteering" by financial giants.

19 Mar 2020 Coronavirus

Mortgage Lenders announce further support for homeowners and landlords

Further to the Chancellor’s announcement regarding the mortgage industry’s support for homeowners who are experiencing financial issues due to COVID-19, lenders representing banks, building societies and other specialist lenders have come together to announce additional support for homeowners and residential landlords.