The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants unfairly. The FCA released proposed amendments to its guidance relating to politically exposed persons (PEPs) on Thursday (July 18) and invited public feedback on the changes to be submitted by...
Tag: UK
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Cash App Exiting UK to Increase Focus on US
Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it was shutting down Cash App UK on Sept. 15 after six years. “We do not make decisions like this lightly, as we know they impact our customers, our partners, and...
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Workers get right to flexible working from their first day
Workers will be automatically entitled to flexible hours from the first day in their job under a major overhaul of employment rights unveiled in the King’s Speech. Existing rights to request family-friendly hours, which put the onus on the employee to ask for them, will be changed to a presumption for all workers to have...
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Horror WW3 warning as Putin crony lists the 7 UK places Russia will nuke first
One of Vladimir Putin’s cronies has threatened the UK with nuclear armageddon and listed seven key targets that would be hit first in the event of World War 3. Yevgeny Popov is a TV propagandist and host of the programme 60 Minutes on the channel Russia-1. The Kremlin stooge launched a furious tirade against US...
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BGC Pledges to Cooperate with the UK’s New Government
The Betting and Gaming Council (BGC) supported the newly appointed ministers in the Department for Culture, Media and Sport (DCMS) as the UK government progresses towards finalizing its White Paper reforms on gambling. Lisa Nandy MP has stepped in as the new Secretary of State for Culture, Media and Sport, with Stephanie Peacock MP joining...
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UK announces second ballot for India Young Professional Scheme 2024
The UK Home Office has unveiled details for the second and final ballot of 2024 under the India Young Professional Scheme, aimed at facilitating young Indian nationals to live, work, and study in the United Kingdom for up to 24 months. The ballot period opens on July 16, 2024, at 13:30 Indian Standard Time and...
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How a tiny issue in your passport can cause travel chaos
She dedicated time to do volunteer work on the island, and recently decided to fly back to London via Bangkok, India and Turkey. Read more: Travel tips to avoid losing your passport on holiday However, upon arriving at Thailand’s Suvarnabhumi Airport, IndiGo Airlines employees informed her she would not be allowed to board the flight...
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How UK SMBs Can Prepare for 5G Rollout
With many UK businesses prioritising digitisation, a strong network connection is becoming a key driver of the nation’s economy. This is why the UK government has invested £40 million in extending 5G coverage to all populated areas of the nation by 2030. A reliable network connection is arguably most crucial for small and medium businesses....
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Strict visa regulations students need to know before applying for US, UK, Australia and Canada
In the same way as higher education dynamics are shifting worldwide, so are the guidelines for student visas. Since most students seek scholarships to study in other countries, it is vital to be updated with new visa regulations and conduct. Many countries that attract international students, such as the United Kingdom, Canada, Australia, and the...
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London calling? Incomes, living costs vs NZ – and job that’s ‘paradise’ in UK
The couple decided to move after the Covid pandemic dried up Lee’s music work and New Zealand’s small size left them few options, Danielle said. “With my job, there was no potential for growth … no promotion opportunities,” she said of New Zealand’s limited number of libraries. Having now hot-footed it out of the country,...
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UKGC Deputy CEO Highlights Regulatory Progress and Challenges
Sarah Gardner, deputy chief executive at the United Kingdom’s Gambling Commission (UKGC) addressed a number of issues at the recent KPMG Gibraltar eSummit. Coming ahead of the recent elections in the UK, Gardner’s speech reflected on certain matters that she believes regulators should keep in mind. In her speech, Gardner discussed, among other things, the...
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First past the post vs proportional representation explained
The UK general election has thrown the spotlight on the electoral system because the result was “the most disproportional on record”, according to Darren Hughes, the chief executive of the Electoral Reform Society. He said: “We have already had a growing chorus of calls for PR [proportional representation] in the aftermath.” Nigel Farage, the Reform...