TagPhilip Hammond

The UK Government Launches a Cryptocurrency Task Force to Harness Fintech Benefits

UK Chancellor Philip Hammond

The British government has announced a plan to establish a cryptocurrency ‘task force’ that will include Her Majesty’s Treasury, The Bank of England and the Financial Conduct Authority. As a part of the UK government’s broader Fintech Sector Strategy, UK Chancellor of the Exchequer Philip Hammond is expected to introduce a raft of FinTech initiatives including a new task force centered around...

Britain's Chancellor Says FinTech is the next Industrial Revolution

UK Chancellor Philip Hammond

Fintech will change the way people do business and how they access their money, according to Philip Hammond, Chancellor of the Exchequer. While speaking at an inaugural International Fintech Conference in London, Hammond said that FinTech had the opportunity to fundamentally transform the structure of the world economy and how we live our day-to-day lives. He said: FinTech will transform the way...

Does the UK Budget Threaten London’s FinTech Scene?

The U.K.’s Chancellor of the Exchequer Philip Hammond delivered his first Spring Budget to Parliament, announcing, among other things, that self-employed people would have to pay increased national insurance contributions (NICs) over the next two years. His announcement puts into question whether the U.K. will remain the best place to start and grow a fintech business. In a report from the BBC...

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