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Hot Off The Wires - 17th March 2021

News


  • Boris Johnson faced a backlash from his backbench MPs over plans to build deeper trade links with China as he warned that a cold war with Beijing would be a “mistake.”

  • The Financial Conduct Authority has launched criminal proceedings against NatWest for failing to comply with anti-money laundering rules.

  • Falling partly in line with a recent court ruling, Uber will reclassify its UK drivers as workers, but probably setting up disputes over what should be considered “working time”.

  • Britons are planning to use a hefty chunk of the savings built up over the past year to go on a £50 billion spending spree once restrictions are lifted, a report has said.

  • Covid-19 is no longer the biggest concern of fund managers, with inflation and a potential “taper tantrum” in the bond market now considered more significant threats, a survey suggests.


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