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To embed, copy and paste the code into your website or blog: Recent UK and EU regulatory developments of interest to most financial institutions. See also our supplementary sector specific updates in the Related Materials links. Contents UK FTA with Norway, Iceland and Liechtenstein India-UK Financial Markets Dialogue BoE Financial Stability Report and FPC summary and record Resilience of market-based finance: BoE report Change in control assessments: PRA letter on regulator power to object Onl...

Cuts: Blackburn stands to be the fifth worst hit town by the governments plan to scrap the Universal Credit uplift BLACKBURN will be the fifth worst hit town in England by the governments plans to cut Universal Credit in September, a new study has claimed. Meanwhile Burnley will fair even worse as the fourth affected town once the £20 uplift in universal credit is scrapped later this year, according to research by the Centre for Cities. The study found that the average claimant will lose a...

The dash for high short-term returns is frequently accompanied by low investment, low wages and low staff morale, says University of Essex professor and Labour peer Lord Sikka (pictured).

THE SNP have accused Boris Johnson of failing to deliver a fair recovery after Covid – warning Tory “plans for austerity 2.0” threaten to send levels of inequality “through the roof”. Ian Blackford, the SNP’s Westminster leader, highlighted plans to cut a £20 a week uplift to Universal Credit, which UK ministers have signalled will take place before winter. Giving evidence to the House of Commons Work and Pensions Committee last week, Scotland’s Children’s Commissioner Bruc...

DWP issues warning to Universal Credit claimants as benefit overpayments top £8.4bn in last year The DWP has ‘robust plans in place’ to recover fraudulent claims. 08:47, 14 MAY 2021 Updated The video will auto-play soon8Cancel Play now Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide ...

DWP warning after overpayments as a million Universal credit cases to be checked Thousands of people could get a tap on the shoulder after fraud surged during coronavirus The DWP are set to re-examine a million Universal Credit claims for fraud (Image: Copyright Unknown) People are being warned they face a "tap on the shoulder" this summer as the DWP checks a million Universal Credit claims for possible fraud after overpayments totalled £8.4billion. A top DWP director said that thousands of p...

Universal credit benefit fraud and error reaches record high with £8.4billion lost in a year - as number of claimants doubles to six million during pandemic Universal credit benefit fraud and error has nearly doubled in a year during the pandemic to hit record high Officials say shockingly high figure, up from £4.6billion the previous year, is almost entirely down to fraud  The number of people on universal credit has also doubled to six million since the Covid-19 crisis began Increase in fr...

ADVERTISEMENT ADVERTISEMENT Pensions Regulator Head Approved Despite Fears Of Conflict Law360, London (April 26, 2021, 2:27 PM BST) -- Senior MPs have given greenlighted the appointment of Sarah Smart to be chairwoman of Britains pensions watchdog, despite concerns over a potential conflict of interest with her husband as boss at one of the countrys largest workplace schemes. The House of Commons Work and Pensions Committee expressed its satisfaction on Friday with a potential fix offered by S...

Universal Credit: Minister signals review on universal credit top-up Published image copyrightPA A further extension to the £20 a week Universal Credit top-up payment beyond September is a decision for the chancellor, a minister has said. Will Quince said he expected the Treasury to look this summer at whether it should be kept in place for longer, based on health and economic data. The UK was "still very much in the depths of the pandemic", he said. Opposition parties and anti-poverty campaig...

Rishi Sunak announces a temporary extension to universal credit until September as part of pandemic support.