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Finance News

Within the Open Access Government Finance News section, you can find a wide variety of information on the changes in the financial sector.

We often explore the development of digital banking and the future of Fintech, along with the World Bank and World Trade Organisations (WTO) stories. You can also find expert opinions on many popular topics within this category along with insights into the financial changes in other countries.

This category also covers poverty and pensions in the UK along with any legal changes to financial law. Up to date articles are available on fiscal policy and trade wars within the sector.

Woman housewife looking check in store

UK shop price inflation falls

Shop price inflation in the UK has reduced to its lowest level since November 2021, driven by significant price cuts on big-ticket items like furniture and TVs.
Graph Stock Chart Stock Market Digital FUI

How the Financial Services sector can enhance cyber security capabilities in 2024

According to a study by e2e-assure, the UK’s leading Threat Detection & Response provider, 44% of Financial Services organisations say their cyber security providers are underperforming.

Relaunching the European internal market, improving the EU’s long-term competitiveness

Émilie Prouzet, Rapporteur for the EESC opinion on the Long-term competitiveness strategy, states the case to relaunch the European internal market and improve the EU’s long-term competitiveness.
Miniature colorful house with stack coins

Young homeowners face retirement mortgage dilemma as rates rise

Younger homeowners are increasingly opting for extended repayment periods that stretch into retirement.
Bank of England

Bank of England expected to hold interest rates

The Bank of England is set to maintain its current interest rate of 5.25% for the sixth consecutive time, as announced today.
Postbox in London beneath skyscrapers

Print and post help make London’s pensioners better off

Print and post helped make London’s pensioners better off by over £8 million a year, writes Jason Lusty, Senior Business Development Manager at CFH Docmail Limited.
Unauthorized Payments

Keeping pace with the changing face of fraud in the UK

Ted Datta, Senior Director at Moody’s Head of Financial Crime Compliance Industry Practice, Europe, Africa, and Americas, discusses the rise of fraud in the UK and what companies and the government can do to turn the tide.
Stock Chart Between Skyscrapers - Financial Analysis, Trading, Investment

Financial Times Stock Exchange 100 surges to new record high

The FTSE 100, the UK's leading stock index, reached a historic milestone today, hitting an all-time high of 8,076 points.
Unauthorized Payments

£53.9 million benefit fraud uncovered: Five guilty in largest case in England and Wales

Five individuals have pleaded guilty to orchestrating a benefit fraud scheme amounting to £53.9 million, marking the largest case of its kind in England and Wales.
hmrc

Impact Evaluation Standard to be used by HMRC to assess social value

The Impact Evaluation Standard (IES) will now provide HMRC with the ability to ensure suppliers' social value commitments are evaluated correctly when evaluating bids and ensure suppliers are upholding the social value commitments which were evaluated when the contract was awarded.
Man holding shopping basket with bread and milk groceries in supermarket

UK inflation hits lowest point in over two years

UK inflation has dropped to its lowest level over two years, at 3.4% for the year leading up to February.
Modern British currency

Debt Awareness Week: 6.7 million Brits face financial difficulties

6.7 million individuals in Britain struggle with financial difficulties, according to a recent report by Debt Justice.
Smart Investing - Data-driven marketing new business trend for growth business sustainability trend for growth business 2024

Rockford Associates: The true cost of neglecting unforeseen errors today

In the midst of several nation-wide financial issues, accounting departments need to be more vigilant than ever. Rockford Associates explain the scope of the issue, and just how much of an impact unforeseen errors can have.
10 Downing Street

British government extends deadline for banks to combat rising fraud

The UK government has announced measures granting banks 72 hours to scrutinise suspicious transactions before processing payments.
Protection Personal Data information.Internet Technology. Information and cyber security,Technology Services.

Global leaders gather to combat fraud on an international scale

Yesterday, international ministers and industry leaders met at the inaugural Global Fraud Summit to address the escalating threat fraudsters pose worldwide.
Gusrds at 10 Downing Street

All you need to know about the recent UK tax cuts

In a highly anticipated announcement today, Chancellor Jeremy Hunt revealed plans for a 2p cut to National Insurance Contributions (NIC).

Future outlook of emerging market economies

Hadia Choudri, Senior Lecturer (Innovation and Entrepreneurship) at The University of Law Business School, examines the underlying trends of emerging market economies for reaching the ambitious 2030 Agenda.
money pot on brown table

‘Pot for Life’ will this new scheme solve the UK’s pension crisis? 

The UK faces a pension crisis, with state pensions now funded on a pay-as-you-go basis.
Array of piggy banks in saturated colours on high colour contrast background. Illustration of the concept of bank savings, financial investment and multiple sources of income

Anti Money laundering: What the UK’s AML consultation means for compliance professionals

Money laundering is a formidable threat to the UK economy, with an annual cost estimated at £100 billion. To address the problem, the government has unveiled a £400 million three-year Economic Crime Plan, aiming to fill gaps in fraud, anti-money laundering (AML) and more.
Colorful computer code design on a dark surface with a blue glowing digital grid overlay. Defocused, close-up, surface level, diminishing perspective composition.

AI revolutionises the finance industry

Rohan Whitehead from the Institute of Analytics (IoA), walks us through how AI revolutionises the finance industry.

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