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Peer2Peer Finance News | July 19, 2018

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Philip Hammond

Chancellor appoints fintech envoys for Wales and Northern Ireland

May 17, 2018 |

FINTECH envoys have been appointed for Wales and Northern Ireland, to help the sector flourish after Brexit.

Richard Theo, co-founder and chief executive of Wealthify, has been named fintech envoy for Wales, while Georgina O’Leary, director of innovation, research and … Read More

New £500m fund to boost patient capital for high-growth firms

May 15, 2018 |

BRITISH Business Investments, the commercial arm of the state-backed British Business Bank, has launched a new £500m programme to boost scale-up funding.

The Managed Funds Programme (MFP), first unveiled in the Autumn Budget, is designed to help address the UK’s patient capital … Read More

CYBG chief named as fintech envoy for England

March 22, 2018 |

THE CHIEF executive of the owners of the Clydesdale and Yorkshire banks has been picked by the Treasury as the newly-created fintech envoy for England, as part of Chancellor Philip Hammond’s first fintech strategy announced this week.

David Duffy (pictured), … Read More

UK government unveils first fintech strategy

March 22, 2018 |

THE UK government is set to launch its first-ever fintech strategy, which will aim to make it easier for firms in the sector to comply with regulations and to partner with banks.

Reports earlier this week indicated that Chancellor Philip Hammond … Read More

Chancellor to announce new UK government fintech strategy

March 19, 2018 |

CHANCELLOR Philip Hammond is expected this week to unveil two large scale projects to boost Britain’s fintech sector, with blockchain technology and international cooperation high on the agenda.

Hammond (pictured), will launch a new fintech strategy at an international conference … Read More

Charles Randell named FCA chair

January 5, 2018 |

A FORMER lawyer who advised the government in the bailouts of Northern Rock, Royal Bank of Scotland and Lloyds has been appointed as the next chairman of the Financial Conduct Authority (FCA).

Charles Randell CBE (pictured) will take the role … Read More

EIS overhaul to boost innovative firms

November 23, 2017 |

THE GOVERNMENT’S overhaul of enterprise investment scheme (EIS) rules have been welcomed as a boost for the UK’s more innovative businesses.

Delivering his Autumn Budget yesterday, chancellor Philip Hammond (pictured) doubled the annual allowance for EIS investors in knowledge-intensive companies … Read More

Budget: Personal savings allowance ‘hampered’ IFISA take-up

November 22, 2017 |

TAKE-UP of the Innovative Finance ISA (IFISA) has been hampered by the personal savings allowance and the slow regulatory authorisation process, the Office for Budget Responsibility (OBR) claims.

The government’s independent public finances watchdog questioned why subscriptions for the tax wrapper … Read More

Budget: P2P lenders welcome £44bn housebuilding package and stamp duty cut

November 22, 2017 |

PROPERTY-FOCUSED peer-to-peer lenders have welcomed the chancellor’s housing measures outlined in the Budget, which include £44bn of funding and the scrapping of stamp duty for most first-time buyers.

In Wednesday’s speech, Philip Hammond outlined “an ambitious plan to tackle the … Read More

Budget unveils £20bn action plan to support tech scale-ups

November 22, 2017 |

THE CHANCELLOR has unveiled a £20bn ‘action plan’ to help innovative firms scale up, in order to achieve the goal of helping a new tech business launch every half hour.

Philip Hammond (pictured) used Wednesday’s speech to detail new measures … Read More