In a speech yesterday, deputy governor Sir Jon Cunliffe said: “ The financial crisis showed us, you

Cunliffe, 40, was a serving officer for Greater Manchester Police( GMP) in September 2020 when he began

next five years, the author of a major review into the sector has warned.... Sir Jon Cunliffe told how

He said authorities would need to adapt to ensure there was always a prominent state-backed financial system in the future." Central bank state-issued money is disappearing," he said.... There are places in London where you can't use it in face-to-face transactions." Growth in ‘decentralised’ cryptocurrencies There has been explosive growth in" decentralised" cryptocurrencies, such as Bitcoin, over the last decade.... " Cash is going to disappear, and the question is going to be what role can

Rates have been artificially held at record lows through the pandemic in a bid to help boost spending.... But with inflation now soaring, many believe Britain is fast approaching the moment when interest rates will rise. The Bank of England has a target of two percent inflation, but forecasts suggest by spring next year it will be as much as triple that.A rise will increase mortgage repayment rates and credit cards, and lead to more people looking to save their money rather than spend it. The M

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Economists see the decision as more finely balanced. The result will depend how the nine-member Monetary Policy Committee splits.... That’s left economists placing him in the camp very likely to vote for an increase this week. The BoE’s new chief economist Huw Pill was thought to have hawkish leanings when he took up the role, and his comments since then have reinforced that view.... Given that, it would be a bit of a shock if he voted to hold, although HSBC Holdings Plc predict he will hold o

THE heartbroken family of a 29-year-old murdered on a night out have opened up about their torment in a new documentary. Adam Ellison was stabbed in the neck after a row with two people on a motorbike in Prescot, Merseyside, in November 2017.... Time is never a barrier to justice....

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During Brexit trade negotiations throughout last year, the issue of financial services was largely ignored, but the City of London's access to the European Union's markets has yet to return to anywhere close to normal.... Brussels is yet to make a move on whether UK financial rules are" equivalent" to regulation in the bloc-a key condition for granting market access.... The EU will only resume its equivalence assessments once its 27 remaining member states formally back a new regulatory cooper