Matthew Fell, chief UK policy director at the Confederation of British Industry, said: “Companies with a history of benefitting from slavery should carefully consider how they address their past. Acknowledging and learning from previous wrongdoing is vital for organisations to take the right steps in future.” … [Read more...] about Bank praised by Boris Johnson had slavery links, data shows
Bank of england
Government abandons Lloyds Banking Group public share sale plan for now
A spokesman for the Treasury said: "The chancellor set out the government's approach to the state-owned banks in his Mansion House speech last year: we want to maximise support for the British economy, get the best value for money for the taxpayer and return the state-owned banks to private ownership. Any decisions on share sales will be determined by value for money and market conditions." … [Read more...] about Government abandons Lloyds Banking Group public share sale plan for now
Bank of England could increase economic stimulus, says senior official
“It is not surprising when you have a huge hit to the economy, as is the case now, as was the case in 2009, that you see easing on both fiscal and monetary fronts,” he said. “That is the connection – they are both responses to a weaker economy. It is not the case that one is a response to the other.” … [Read more...] about Bank of England could increase economic stimulus, says senior official
Shoppers rush to the High Street as England stores reopen
The shoppers are mostly sticking to the new rules and staying socially distant - when they remember. Floor markings indicate a one-way system, every second toilet cubicle is closed, touch-screen maps have been powered down and seating areas are roped off. But apart from those changes - and a growing queue outside Primark - everything feels rather normal. … [Read more...] about Shoppers rush to the High Street as England stores reopen
City regulator’s fines drop from £819m to £7m in a year
Rachel Couter, a partner at the law firm King & Wood Mallesons said: “I think the figures indicate the FCA is in the process of restocking its enforcement book following resolution of the foreign exchange investigations in mid-2015 and the release of staff who had been fully occupied there. I suspect we will begin to see an uptick in fines in the second half as some of these new investigations begin to reach closure.” … [Read more...] about City regulator’s fines drop from £819m to £7m in a year
