Posts Tagged ‘Finance UK’

UK as a global financial centre

Comments Off | 11-15-2013

Financial Secretary to the Treasury, Sajid Javid on the UK’s future as a global financial centre.
I’m very glad to be here this morning.
Now – this might sound like an insult to the organisers.
Which isn’t how I usually begin a speech!
But the issue I’ve been asked to discuss this morning.
Is – in fact – the issue

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Business Secretary appoints finance experts to Board of new British Business Bank

Comments Off | 10-18-2013

Vince Cable has today (17 October) confirmed the appointment of Ron Emerson as the first Chair of the government-owned British Business Bank
• Ron Emerson appointed non-executive Chair
• British Business Bank branding and logo unveiled
• up to £10 billion of additional business finance to be unlocked
Business Secretary Vince Cable has today (17 October 2013) confirmed the

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UK-China Economic Financial Dialogue: Chancellor’s statement

Comments Off | 10-16-2013

Chancellor George Osborne’s statement at the fifth UK-China Economic Financial Dialogue in China.
Good afternoon.
It is great to be back in Beijing for the fifth economic and financial dialogue between Britain and China.
I would like to thank my distinguished host, Vice Premier Ma Kai and his team, for their hospitable welcome.
It was a pleasure to

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Economic Secretary’s speech to the International Financial Centres Global Series

Comments Off | 09-19-2013

Sajid Javid, Economic Secretary to the Treasury addresses the International Financial Centres Global Series 2013. This is the text of the speech as drafted, which may differ slightly from the delivered version.
I’m very glad to be here this morning.
I’d like to begin by using five words that people wouldn’t expect of a politician.
Five words that

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Financial Stability Board commends UK’s regulatory transition

Comments Off | 09-11-2013

The global Financial Stability Board has commended the UK for the progress it has made in implementing key financial reforms.
Since the financial crisis, the government has taken forward far-reaching reforms to create a stronger and safer banking system that serves the UK economy. Key to this is ensuring that banks are properly regulated.
That is why

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UK Export Finance appoints new Chief Executive

Comments Off | 08-17-2013

UK Export Finance (UKEF), the UK’s Export Credit Agency, announced today that David Godfrey will be appointed as its new Chief Executive from 9th September 2013.
David joins UKEF having previously been Chief Risk Officer at Pension Insurance Corporation. He has a strong risk background with his previous roles including Head of Risk for the Wholesale

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Publication of the Finance Bill 2012

Comments Off | 03-31-2012

The Government is today publishing the Finance Bill, which will enact tax measures announced in last week’s Budget and in the March 2011 Budget.
The Bill includes measures which maintain the Government’s strategy to reduce the deficit, while promoting far-reaching tax reform, supporting growth and rewarding work:
• increasing the tax-free personal allowance to £8,105 from April

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Taskforce publishes SME finance proposals

Comments Off | 03-18-2012

Proposals to widen business access to new and alternative sources of finance have been published today by the independent Taskforce on non-bank lending.
The Taskforce, chaired by Tim Breedon, CEO of Legal & General plc, was commissioned by the Government to examine a range of alternative and sustainable finance sources, particularly for small and medium-sized enterprises

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New lenders join Enterprise Finance Guarantee scheme

Comments Off | 02-17-2012

Four new lenders have been accredited to offer loans to small businesses under the Enterprise Finance Guarantee (EFG) scheme, the Government announced today.
The EFG gives vital funding to small and medium-sized enterprises (SMEs) that lack the collateral or credit history to secure a normal bank loan.
The four new accredited lenders are:
• Metro Bank
• Hull Business

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UK welcomes new standards to combat money laundering and terrorist financing

Comments Off | 02-17-2012

The Financial Action Task Force (FATF), the global standard-setter in the fight against money laundering and the financing of terrorism, has today agreed a new set of standards aimed at combating the global threat of money laundering, terrorist financing and the proliferation of weapons of mass destruction. The UK supports these new standards and the

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