Subscribe to our newsletter

sign up

Bank of England aims to boost competition in lending

The Bank of England is proposing cuts to capital requirements for credit unions as part of efforts to remove barriers to stronger competition in lending, Deputy Governor Sam Woods said on Thursday.

Shared by Reuters
October 25, 2019

share this article

Woods added that Britain’s departure from the European Union would give UK regulators more room to simplify financial rules.

Read more at Reuters.

HMRC clarifies IR35 rules for off-payroll workers

UK rises up World Bank ease of business ranking

related articles

Businesses that failed to service deferred VAT slapped with fines

UK watchdog demands 40% women in boardrooms, ethnic diversity

Calls to extend complex Brexit Support Fund

£40m green grants to create 2,500 jobs

Charities ask to be excluded from audit reforms

Government department pays £87.9m to HMRC for IR35 failings

must reads

latest poll

When it safe to do so do you anticipate that your business will want to facilitate more employees working from home than it used to?

View previous polls

recent comments

array(3) { [0]=> object(stdClass)#9736 (31) { ["id"]=> string(5) "22556" ["contentid"]=> string(5) "36863" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "162.158.158.57" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "6 days ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(13) "PK. FFA FIPA" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(40) "Our CEO is absolutely correct in his..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "9815907e32a737065cc367203916afc5" ["moderate_hash"]=> string(32) "966f324acb03b84a75ca45f36c79072d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(13) "PK. FFA FIPA" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22556" ["overlayComment"]=> string(109) "Our CEO is absolutely correct in his article ,lawyers,Doctors,etc are protected why not qualified accountants" } [1]=> object(stdClass)#9763 (31) { ["id"]=> string(5) "22555" ["contentid"]=> string(5) "38648" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.98.30" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "6 days ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(9) "Anonymous" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(41) "My comments are on the basis that this..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "0ef6e121007104d21f54bd6ebbf943f7" ["moderate_hash"]=> string(32) "14ea9342c0bff6f7d2a5a147f8b8b66f" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(9) "Anonymous" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22555" ["overlayComment"]=> string(100) "My comments are on the basis that this money in a jam-jar approach solves nothing in the national..." } [2]=> object(stdClass)#9714 (31) { ["id"]=> string(5) "22554" ["contentid"]=> string(5) "38630" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.69.85" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(4) "SidJ" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(35) "Good article on MTDfITSA and how..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "f47eb68e6c6c3fd6ec128fd955ae76a4" ["moderate_hash"]=> string(32) "c45da0072d23f6bc97d7f17d2920872d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(4) "SidJ" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22554" ["overlayComment"]=> string(63) "Good article on MTDfITSA and how practices shall need to adapt." } }