Tag Archives: Bank of England

Businesses across Britain have been reminded that Friday will mark the final day that paper banknotes will be accepted as legal tender. Following the 30th of September, the old banknotes will no longer be seen as legal tender, and will be completely replaced with polymer notes. A statement from the Bank of England revealed: “Although the majority of paper £20 …

British households and businesses anxiously wait for Chancellor Rishi Sunak to announce his Spring Statement tomorrow, a missive that will outline how the government intends to navigate the toughest economic headwinds faced in a generation.  Yesterday the Bank of England raised interest rates back to the pre-pandemic level of 0.75%, deploying the fiscal measure to stop the economy being stunted …

Rishi Sunak, Chancellor of the Exchequer, has declared that the UK government will take a ‘wartime approach’ to safeguard the UK economy and businesses of all sizes with a package of new measures. Flanked by PM Boris Johnson, Sunak announced that the Treasury department had reserved £330 billion in business loans (equivalent to 15% of GDP), helping the UK economy …

Lord Richard Attenborough CBE (29 August 1923 – 24 August 2014 ) is gaining market support to be the next face of the £20 note. William Hill revealed that it has seen significant support for the actor, director and former President of BAFTA. The bookmaker has shortened Attenborough’s odds from 14/1 to 9/1 to replace Scottish economist Adam Smith. Attenborough is currently …

Paddy Power has placed English Romantic era poet and printmaker William Blake at evens to replace 18th century Scottish economist Adam Smith as the new face of the £20 note by the Bank of England. The Bank of England has announced that it wishes to tribute Britain’s achievements in visual and literary arts, and is seeking public nominations for the …

Ukash, Chief Executive Officer, David Hunter is set to join the advisory board of the Emerging Payments Association (EPA). David Hunter joins four other industry leaders, who were elected following a poll amongst Gx and EPA member companies. The EPA was set up by a group of influential companies and individuals to represent those in emerging payments who wanted to …