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The Latest Breaking News from Andrew Griffith

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

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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

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

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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

The Independent UK

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.

Reuters

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

There is a sweeping package of more than 30 reforms

Evening Standard

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

The Guardian - UK

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

Daily Mirror

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.

Reuters

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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.

Daily Mirror

Treasury minister said he would like to see inheritance tax 'eliminated'

The Treasury minister Andrew Griffith told a fringe event at the Conservative Party conference he was asked during his selection in 2019 which tax if he 'had the choice' would he like to see abolished

The Guardian - UK

I’d like inheritance tax to be abolished, says UK Treasury minister

Andrew Griffith tells business people at Tory conference that ‘fantastic’ Truss is right to prioritise wealth creation

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The Guardian - UK

‘Disconnected from reality’: Tory MPs plan rebellion over Liz Truss’s economic agenda

Prime minister is facing the same fate as Theresa May when the Commons returns and could even be removed as leader

Daily Mirror

Top Tory bizarrely claims mini-Budget 'so detailed' it couldn't be assessed by watchdog

Treasury Minister Andrew Griffith suggested the Office for Budget Responsibility would have struggled to get through the 40-page document in time - directly contradicting the watchdog

The Guardian - UK

Treasury minister claims OBR could not have assessed mini-budget in time

Andrew Griffith contradicts finance watchdog, saying plans too ‘chunky’ to assess before publication

Evening Standard

Treasury minister says ‘we’ll press ahead with tax cuts’ as Tory backlash grows amid market turmoil

Cabinet ministers ‘to be told to make efficiency savings’ amid growing Tory backlash over mini-Budget chaos

The Independent UK

Calls for Truss to ‘come out of hiding’ as Bank fights turmoil caused by mini-Budget

‘Inept madness’: Tory MPs fear chancellor’s ‘growth plan’ may cost them next election

Evening Standard

Former Sky finance head Griffith appointed City minister

He replaces John Glen who formerly presided over business in the Square Mile

The Guardian - UK

Fears of ‘Trump moment’ before Boris Johnson was finally made to realise his time was up

As ministers argued with the PM’s inner circle late into the night, fears grew in Whitehall of a ‘Trump moment’

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