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The Latest Breaking News from Andrew Griffith

Bank rule changes after Nigel Farage furore could tip off criminals, say experts

Plans to make closure of accounts more transparent may ‘undermine’ measures against money laundering

The Guardian - UK

Sunak, Braverman and City regulator wade into Farage banking row

FCA chief says banks cannot ‘discriminate’ against political views, but chair argues it’s up to Coutts ‘who they do business with’

The Guardian - UK

Ministers denounce ‘disgraceful’ treatment of Nigel Farage by Coutts bank

The former Ukip leader said after his account was closed there is a danger of the UK moving towards a ‘Chinese-style social credit system’

Evening Standard

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Nigel Farage: EU to blame for my bank account woes

Former Brexit Party leader claims he has fallen foul of over-zealous anti-money laundering regulations

The Independent UK

Banks should be clearer on how customers can challenge account closures – Which?

The consumer group has offered some suggestions on what banking customers can do if they find their bank account has been closed.

The Independent UK

Heatwave piles torpor on paralysis as Tories face up to their doom

A mood of listlessness grips the Commons as one by one Conservative MPs check out

The Guardian - UK

Banks should increase returns on savings amid interest rate rises, says top Tory

Harriett Baldwin, chairwoman of the Treasury Select Committee, suggested banks should take the step if they are also raising mortgage rates.

The Independent UK

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'We've had EIGHT family cars written off since moving to notorious street'

The Griffiths family, who live close to the city centre in Newport, Wales says they lost the latest car after a crash on Tuesday evening, the eighth vehicle to be wrecked

Daily Mirror

At least 10 Sunak ministers retain roles as private company directors

Practice of retaining business interests appears to have increased under Boris Johnson and again under current PM

The Guardian - UK

Tory MPs call for more scrutiny of ‘unchecked’ regulators

The Regulatory Reform Group of Tory backbenchers said regulators wielded huge power, but faced little scrutiny from Parliament.

The Independent UK

Government vows to transform fintech - and launches nationwide census to support tech businesses and drive open banking

New City minister says 2023 'will be the year of delivery on the next generation of open banking'

Birmingham Post

'NFT For Britain' idea proves too stupid even for UK government

Rishi Sunak ordered the creation of a state-backed NFT last April, not long before a colossal crypto crash.

PC Gamer

Leeds chosen to launch national fintech quango that aims to scale up firms

The Centre for Finance, Innovation and Technology (CFIT) is backed by £5.5m of Treasury and City of London Corporation funding

Birmingham Post

Thousands of Ukrainian refugees can access UK banking services now

More than 70,000 Ukrainian refugees can now receive their income, send money, and pay for goods through a UK bank account

The Independent UK

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The Independent UK

Tens of thousands of Ukrainian refugees helped to access UK banking services

More than 70,000 people have been helped to build their lives more easily by enabling them to receive their income, send money, and pay for goods.

The Independent UK

Tory minister suggests banks sue Bank of England over strict regulations

Andrew Griffith made the suggestion in a discussion with banking representatives

The Independent UK

Crackdown on buy now, pay later schemes to protect 10 million shoppers

Klarna-style plans have ballooned since regulation all but killed off predatory payday loans

Reuters

UK minister reassures Washington on restored stability, fiscal plans

Britain's financial services minister sought to reassure U.S. counterparts on Wednesday that the UK's bout of debt market instability last fall was a one-time event and it has returned to stable government and remains a solid partner for Washington and Wall Street.

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Evening Standard

Chancellor’s post-Brexit City reforms risk a ‘race to the bottom’

There is a sweeping package of more than 30 reforms

The Guardian - UK

Jeremy Hunt insists City reforms do not ‘unlearn the lessons’ of 2008 financial crisis – as it happened

Chancellor Jeremy Hunt has unveiled a package of City policy changes on Friday that rows back on regulations to, he hopes, boost competition and growth.

The Guardian - UK

Bulb takeover saga sheds light on ‘disgraceful’ lack of transparency

Let’s hope E.ON, Centrica and Scottish Power’s judicial reviews succeed in forcing some openness

Daily Mirror

Top Tory boasts Brexit is delivering 'enormous' benefits - then can't name a single one

Treasury minister Andrew Griffith told MPs Brexit 'can deliver and is already delivering enormous benefits' - but hastily added there wasn't time to reel off any of them

Reuters

Britain has frozen 18 billion pounds worth of Russian assets

The British government said on Thursday it had frozen assets worth more than 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and businesses sanctioned over Moscow's invasion of Ukraine.

The Guardian - UK

Lynton Crosby firm lobbied ministers while advising Boris Johnson

Exclusive: CT Group’s activities on behalf of energy, tobacco and property firms raise questions over potential conflict of interest

Reuters

PM Truss has the confidence of the government - City Minister

British Prime Minister Liz Truss has the confidence of the government, City Minister Andrew Griffith told Sky on Sunday.

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