Latest news from London's business community and announcements from the London Growth Hub

Bank of England sets up its own fintech hub

In a boost for London, the Bank of England plans to set up a fintech hub to ramp up UK’s weak productivity levels, deputy governor Dave Ramsden has said in a speech

UK government launches its first fintech plan

At the UK Treasury’s second annual fintech conference, part of the UK’s ongoing fintech week, chancellor Philip Hammond unveiled the UK government’s first Fintech Sector Strategy, a comprehensive plan to ensure the UK builds on its existing strengths as a global fintech hub

Britain’s SMEs face triple challenge

Finance firm CYBG says that Britain’s SMEs are facing a dip in confidence, lower net business creation, and a lack of borrowing

HMRC launches Making Tax Digital income tax pilot

HMRC has signalled it is extending its flagship Making Tax Digital initiative to include income tax reporting, by offering self employed individuals and their agents the opportunity to join a pilot for using software to keep business records digitally and send income tax updates to HMRC, instead of filing a self assessment tax return

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