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One leading voice urges the Bank of England to act. Despite an unexpected inflation uptick in June, deVere Group’s CEO is pressing for a rate cut, arguing that growth risks now outweigh concerns over persistent price pressures.
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Legal & General and Blackstone have agreed a major new partnership. The deal could see up to $20 billion of annuity premiums invested in US investment-grade private credit over five years, marking one of the largest cross-Atlantic insurance–asset management tie-ups in the sector.
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The FCA has proposed a major reform to investment guidance. A new ‘targeted support’ category would let firms give low-cost prompts to consumers without breaching advice rules, aiming to address a gap that leaves millions without affordable help.
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Government borrowing rose to £17.7bn in May. This marked the second-highest May figure in over three decades, exceeding expectations and reigniting debate over the UK’s fiscal path. While tax receipts continue to climb, the persistent deficit and pressure to fund public services suggest the Chancellor may soon face difficult decisions on taxation.
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Federal Reserve pauses again amid economic pressure. The US central bank held its benchmark rate steady for a fourth time, as policymakers warned of inflationary pressure from rising tariffs and signalled a slower path to future rate cuts.
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Chancellor told UK is “one shock away” from breaching rules
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UK fintech is entering a new regulatory era, with BNPL reforms likely just the beginning for fast-growing digital finance sectors.
