Community Banking Brief

No U-turn from Jeremy Hunt on scrapping bankers’ bonus cap

TheGuardian

OCTOBER 17, 2022

Hunt made no mention of the EU-imposed cap, which limits payouts to two times bankers’ salaries, in his economic update on Monday in which he reversed nearly all of Kwasi Kwarteng’s 23 September announcements.

Policies

Jeremy Hunt reveals he was refused Monzo bank account

TheGuardian

JULY 9, 2023

Chancellor says barriers to careers in public life must be removed after being refused account ‘as a politically exposed person’ Jeremy Hunt was refused a bank account with Monzo last year, which the chancellor said was an example of the “barriers” faced by people wanting to work in public life. Continue reading.

Examples

Hunt to urge banks to aid mortgage borrowers amid cost-of-living crisis

TheGuardian

DECEMBER 6, 2022

Jeremy Hunt will host a roundtable with heads of major mortgage lenders, including Debbie Crosbie of Nationwide, HSBC UK’s Ian Stuart and NatWest’s Alison Rose to discuss the impact of rising interest rates and living costs on customers.

Meeting

Webinars

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Ministers’ 99% mortgage idea could overheat UK housing market, say experts

TheGuardian

JANUARY 21, 2024

The scheme, which is reportedly being considered by the prime minister, Rishi Sunak, and the chancellor, Jeremy Hunt, before the spring budget on 6 March , would only require borrowers to put down a 1% deposit towards their first home. Continue reading.

Marketing

Marketing Industry Report

Jeremy Hunt to announce UK government sale of NatWest shares

TheGuardian

FEBRUARY 28, 2024

Jeremy Hunt said in his autumn statement last year that he would “explore options” for a retail offering of part of the state’s remaining one-third share in the bank, now worth about £6.7bn.

Retail

Retail Groups Marketing

UK government in talks with brokers to help market NatWest shares to public

TheGuardian

FEBRUARY 28, 2024

The chancellor, Jeremy Hunt, said in his autumn statement last November that the government would “explore options” for selling down its remaining stake in the British banking group – now at just below 33% – and would plan to invite the public to buy shares.

Marketing

Marketing Groups Retail Policies

UK banks brace for ‘windfall tax’ to help plug £40bn hole in public finances

TheGuardian

OCTOBER 19, 2022

No commitment yet to cut banking surcharge after corporation tax U-turn, leaving sector face headline tax rate of 33% UK banks are steeling themselves for a windfall tax by stealth as the new chancellor, Jeremy Hunt, tries to plug a £40bn hole in the public finances.

Taxes

Don’t be fooled: this row is about more than Nigel Farage and Coutts – what lies beneath is Brexit | Martin Kettle

TheGuardian

JULY 26, 2023

To be absolutely clear, no bank should deny an account to a customer because of their lawful politics. That’s a no-brainer civil liberty issue, even in the case of a millionaire like the former Ukip leader. If that is definitively what happened between Coutts bank and Farage, it was wrong.

Groups

Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

TheGuardian

JULY 26, 2023

There is a real sense of disquiet that political pressure has led to a midnight exit for such an important banking CEO,” an official at the City regulator, the Financial Conduct Authority, told the Guardian. They should have allowed due process.”

Regulation

Regulation Groups

Government may sell UK’s remaining stake in NatWest to public, says Jeremy Hunt

TheGuardian

NOVEMBER 22, 2023

stake in the high street lender NatWest Group to the public within a year, bringing it back to full private ownership, Jeremy Hunt has announced. British government still owns 38.6%

Groups

Groups Retail Marketing

UK working on cash lifeline for tech firms hit by Silicon Valley Bank collapse

TheGuardian

MARCH 12, 2023

Jeremy Hunt announces move after meetings with Rishi Sunak and Bank of England governor over ‘high priority’ issue The UK government is drawing up plans for an emergency cash lifeline for tech firms hit by the collapse of Silicon Valley Bank UK (SVB UK), as the chancellor warned the sector was at “serious risk”.

Meeting

Meeting Company US Technology

Government to meet tech firms following collapse of Silicon Valley Bank UK

TheGuardian

MARCH 11, 2023

The chancellor, Jeremy Hunt, also spoke with the Bank of England governor, Andrew Bailey, on Saturday morning, just hours after the collapse of SVB UK’s parent company , which marked the largest failure by a bank since the 2008 financial crisis.

Meeting

Meeting Industry Company Technology

Jeremy Hunt requests inquiry into ‘debanking’ of politicians

TheGuardian

AUGUST 3, 2023

Chancellor wants Financial Conduct Authority to investigate whether practice is ‘widespread’ Jeremy Hunt has asked the financial regulator to urgently investigate whether banks are barring politicians from accounts on a “widespread” basis, after Nigel Farage had his account shut down by private bank Coutts.

Regulation

Budget 2023: Hunt overhauls pensions, benefits and childcare in push for growth

TheGuardian

MARCH 15, 2023

Chancellor pledges cash for businesses and parents, and says UK will avoid recession this year Budget 2023 live: reaction to Jeremy Hunt’s statement Budget 2023: key points at a glance Jeremy Hunt has said he is “proving the doubters wrong” as he used a stronger than expected economic performance to help fund new tax breaks for business investment (..)

Taxes

Taxes Policies

NatWest was caught out by Nigel Farage’s deft political game

TheGuardian

JULY 26, 2023

After last-minute interventions from both the prime minister, Rishi Sunak, and the chancellor, Jeremy Hunt, board members convened for a late-night virtual call that was to spell the end of Rose’s 31-year career with the bank. Continue reading.

Groups

Hunt’s budget shows Britain is doing less badly – that’s not the same as doing well

TheGuardian

MARCH 15, 2023

Chancellor delivers ‘budget for growth’ but UK is battling rising interest rates, rising taxes and a cost of living crisis Budget 2023 live: reaction to Jeremy Hunt’s statement Budget 2023: key points at a glance What the budget means for people on a range of incomes In 2020 it was the global pandemic.

Taxes

Martin Rowson on chancellor’s gift to fat cats – cartoon

TheGuardian

DECEMBER 9, 2022

Community Banking Brief

No U-turn from Jeremy Hunt on scrapping bankers’ bonus cap

Jeremy Hunt reveals he was refused Monzo bank account

Webinars

Trending Sources

Hunt to urge banks to aid mortgage borrowers amid cost-of-living crisis

Webinars

Ministers’ 99% mortgage idea could overheat UK housing market, say experts

Jeremy Hunt to announce UK government sale of NatWest shares

UK government in talks with brokers to help market NatWest shares to public

UK banks brace for ‘windfall tax’ to help plug £40bn hole in public finances

Don’t be fooled: this row is about more than Nigel Farage and Coutts – what lies beneath is Brexit | Martin Kettle

Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit

Government may sell UK’s remaining stake in NatWest to public, says Jeremy Hunt

UK working on cash lifeline for tech firms hit by Silicon Valley Bank collapse

Government to meet tech firms following collapse of Silicon Valley Bank UK

Jeremy Hunt requests inquiry into ‘debanking’ of politicians

Budget 2023: Hunt overhauls pensions, benefits and childcare in push for growth

NatWest was caught out by Nigel Farage’s deft political game

Hunt’s budget shows Britain is doing less badly – that’s not the same as doing well

Martin Rowson on chancellor’s gift to fat cats – cartoon

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