Generally the BoE makes a lot of sense, and I don’t see anything here that would change my position. I haven’t seen whether Revolut has had their licence upgraded from limited yet, but that has to be due any day now that they’ve had their 1 year limited trial to prove operations.
When you are dealing with peoples money, I don’t want these things to get rushed, and Reeves saying things like
Reeves has placed cutting red-tape on the financial services sector and other industries at the heart of her mission to turbocharge the UK’s faltering economy and has blamed over-cautious watchdogs for holding back growth.
Financial services is doing great. Probably one of the best performing parts of the UK, why don’t you concentrate on literally anything else, like taxing unearned income?
I haven’t seen whether Revolut has had their licence upgraded from limited yet, but that has to be due any day now that they’ve had their 1 year limited trial to prove operations.
This is the point I don’t really get, if their licence is days away from issue anyway why would Reeves meeting with them be a problem?
No argument from me regarding a wealth/unearned income tax, how this has not be implemented is beyond me. It just reeks of corruption.
This is the point I don’t really get, if their licence is days away from issue anyway why would Reeves meeting with them be a problem?
Because financial institutions, including the BoE have a lot more on the line, and need to keep reputational appearance even if politicians don’t care because they will be out on the streets before the next election.
What’s Reeves hoping to gain from this, while making claims of “cutting red tape”? It sounds like simple political interference, and as such she can fuck off.
Generally the BoE makes a lot of sense, and I don’t see anything here that would change my position. I haven’t seen whether Revolut has had their licence upgraded from limited yet, but that has to be due any day now that they’ve had their 1 year limited trial to prove operations.
When you are dealing with peoples money, I don’t want these things to get rushed, and Reeves saying things like
Financial services is doing great. Probably one of the best performing parts of the UK, why don’t you concentrate on literally anything else, like taxing unearned income?
This is the point I don’t really get, if their licence is days away from issue anyway why would Reeves meeting with them be a problem?
No argument from me regarding a wealth/unearned income tax, how this has not be implemented is beyond me. It just reeks of corruption.
Because financial institutions, including the BoE have a lot more on the line, and need to keep reputational appearance even if politicians don’t care because they will be out on the streets before the next election.
What’s Reeves hoping to gain from this, while making claims of “cutting red tape”? It sounds like simple political interference, and as such she can fuck off.