uk

UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
UK Shoppers Feel Squeeze as Average Annual Grocery Bill Rises by £380 YoY
June 21, 2022  |  Economy

The Bank of England recently raised the key interest rate from 1% to 1.25%, and with the bank’s governor warning Britons that more hikes may...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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Discount Clothing Retailer Primark Makes Move to eCommerce
Discount Clothing Retailer Primark Makes Move to eCommerce
June 20, 2022  |  Retail

Primark will be venturing into online shopping with a new “click and collect” feature for children’s products as it looks into moving away from strictly...

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UK InsurTech Startup Instanda Raises $45M
UK InsurTech Startup Instanda Raises $45M
June 20, 2022  |  Insurance

Instanda, provider of a “no-code core insurance platform,” Monday (June 20) announced it raised $45 million in a Series B funding round that was led...

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UK Pledges to Change 50-Year-Old Consumer Credit Law
UK Pledges to Change 50-Year-Old Consumer Credit Law
June 17, 2022  |  International

The United Kingdom government has announced plans to reform the Consumer Credit Act, which regulates credit card purchases and personal loans. The proposed overhaul aims...

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TikTok Sees Exodus of Influencers From UK Shopping Service
TikTok Sees Exodus of Influencers From UK Shopping Service
June 17, 2022  |  Retail

Citing low pay, long hours and inferior products, TikTok influencers in the United Kingdom have begun leaving the platform’s eCommerce program, the Financial Times (FT)...

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Europe New Battleground in Fight Against Platform Monopolies
Europe New Battleground in Fight Against Platform Monopolies
June 16, 2022  |  Big Tech

In Apple’s ongoing antitrust woes, the locus of the company’s legal concerns is increasingly moving from the U.S. to Europe as investigations by EU and...

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EMEA Daily: UK Renews Crypto Hub Offering
EMEA Daily: UK Renews Crypto Hub Offering
June 15, 2022  |  emea

In today’s top stories from Europe, the Middle East, and North Africa, the U.K. restates its wish to become a global crypto hub, while an...

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UK Wants Crypto Companies, Not Criminals, Digital Minister Says
UK Wants Crypto Companies, Not Criminals, Digital Minister Says
June 15, 2022  |  Cryptocurrency

The U.K.’s digital minister is stressing his government’s wish to make the country a worldwide hub for cryptocurrency activity, even as he expressed caution about...

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