Treasury Select Committee – Business Insider Australia

Markets May. 2, 2018, 5:18 AM

Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’

The British Parliament’s Treasury Committee heard evidence on cryptocurrencies and blockchain on Tuesday. Martin Walker from the Center for Evidence-Based Management spoke before the committee. Walker dismissed the potential for blockchain in finance, saying it is just another fad. LONDON – The director of a leading management think tank has […]

News Jan. 9, 2018, 11:19 PM

MPs say Brexit could lead to huge upfront VAT bills on EU goods and increase border delays

MPs debated a bill in parliament yesterday which could force firms to pay VAT upfront on goods imported from the EU. The British Retail Consortium says the changes could lead to border delays and cashflow burdens for UK firms. LONDON – An influential group of MPs has written to the […]

News Jan. 5, 2018, 8:24 PM

Philip Hammond refuses to rule out a customs union with the EU after Brexit

Hammond refuses to rule out UK staying in some form of customs union with the EU after Brexit. The chancellor was asked by Treasury Committee chair Nicky Morgan to do so in a letter. He said that Britain will seek “a new customs arrangement with the EU that facilitates the […]

News Dec. 21, 2017, 1:55 AM

CARNEY: There’s no reason the City of London can’t get a custom Brexit deal

No reason a custom deal can’t be struck for the City of London, Bank of England governor says. Speaking to the Treasury Select Committee, Mark Carney said that he doesn’t “accept the argument that just because it has not been done in the past, it can’t be done in the […]

News Dec. 14, 2017, 11:01 AM

An influential group of MPs want a deal to keep the UK in the EU for a fixed period after 2019

The Treasury Select Committee has called for a transition deal which essentially keeps the UK within the EU for a fixed period after it formally leaves in March 2019 The committee said such a deal would speed up negotiations and allow the government to focus on securing a future trade […]

Markets Oct. 20, 2017, 6:41 PM

Politicians are hauling Britain’s regulator into parliament for a grilling over its ‘odd’ move to drop two banking investigations

Britain's regulator secretly dropped...

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Blockchain is a ‘pixie dust’ fad, and its benefits in finance are ‘little to nothing’

MPs say Brexit could lead to huge upfront VAT bills on EU goods and increase border delays

Philip Hammond refuses to rule out a customs union with the EU after Brexit

CARNEY: There’s no reason the City of London can’t get a custom Brexit deal

An influential group of MPs want a deal to keep the UK in the EU for a fixed period after 2019

Influential MP Nicky Morgan warns over lack of diversity at the Bank of England

Meet Nicky Morgan, the new ‘grand inquisitor’ of Mark Carney, Philip Hammond and Britain’s financial industry

One of the most influential MPs in the City of London is standing down

Treasury Select Committee MP calls for renewed investigation into secret LIBOR-rigging recordings

The UK’s financial watchdog could investigate market-moving leaks of financial data

BANK OF ENGLAND OFFICIAL: We won’t spot the next financial crisis because ‘models are just not that good’

HSBC CHAIRMAN: We’ll move jobs to ‘France, Ireland or Holland’ because of Brexit

One of the Bank of England’s harshest critics is launching an inquiry into super-low interest rates

CARNEY: Politicians attacking central banks are engaged in a ‘massive blame deflection exercise’

CARNEY: The post-Brexit fall in the pound was ‘as obvious as anything I’ve ever seen’

Prominent UK politicians are questioning crowdfunding after a string of high-profile failures

‘You have become politically involved’: Tory MP clashes with Mark Carney over the Bank of England’s Brexit stance

Mark Carney on low oil prices: It’s a net positive for the global economy

The curious case of why the head of Britain’s regulator suddenly doesn’t wanting the job anymore

Politicians are hauling Britain’s regulator into parliament for a grilling over its ‘odd’ move to drop two banking investigations

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