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Pushing up pay without raising productivity could lead to an inflationary spiral, warn experts

Huw Pill, who was appointed to the role in September, told MPs that inflationary pressures pushing prices higher should subside as the economy recovers from the coronavirus crisis.

Being under siege from scammers is horrible – and I have first-hand experience. Over the past few days, scammers have used every ploy known to man and woman to part me from my cash.  They have threatened, persuaded, befriended and hurried me. One day, I received 17 missed calls – all from scammers. Nothing but persistent.  You may think I must have clicked on some shady link online, or suffered a terrible data breach to attract such an horrendous bombardment. But sadly no.  Convincing: R...

UK Financial Conduct Authority: LF Woodford Equity Income Fund Investigation Date 28/05/2021 In June 2019, we opened an investigation into the circumstances relating to the suspension of the LF Woodford Equity Income Fund. On this page we set out our public statements on this matter. We will keep this updated as further information is provided. 28 May 2021 16 February 2021 21 August 2020 On 18 January 2020, Link Fund Solutions Ltd (LFS), the Authorised Corporate Director of the LF Equity I...

The chancellor said all cases were judged on merit.

Sunak claim that Cameron and Greensill got no special treatment branded as not credible Rishi Sunak said he doesnt "know David Cameron very well at all" (Getty Images) Rishi Sunak has said Greensill Capital and David Cameron were not given preferential treatment by government – a claim blasted as “not credible” by the chair of a prominent Westminster committee. Sunak told MPs on the Treasury Select Committee that Greensill Capital’s failed bid for a large government loa...

Overview: The US dollar is firmer in the European morning after starting out with a softer bias in Asia Pacific turnover. The dollar-bloc currencies,

By Neil Hodge2021-05-20T17:19:00+01:00 The collapse of Greensill Capital has led to a series of investigations into how the company got into the financial mess it did and why alarm bells didn’t ring. But one investigation is noticeably conspicuous by its absence—why the company wasn’t properly regulated in the first place. Especially when you consider Greensill’s failure could end up costing the U.K. government £5 billion (U.S. $7.08 billion). The very name of the company and the natur...

FCA looked at Greensill two months before its collapse The City regulator started to examine supply chain finance firm Greensill months before its collapse, it has emerged. The head of the Financial Conduct Authority told MPs on Wednesday that the regulator had had  “very detailed preparatory thinking going on during January and February” before Greensill’s collapse in March. Greensill Capital was the brainchild of former Citigroup and Morgan Stanley financier Lex Green...