Ewan Potts
👤 SpeakerAppearances Over Time
Podcast Appearances
Karen, Christine Lagarde's eight-year term as boss of the European Central Bank is due to run until October 2027.
But the FT reports today that Lagarde plans to step down before the French presidential election in April of next year, allowing current president Emmanuel Macron the chance to take part in selecting the ECB's next leader.
The bank itself has issued a statement saying Lagarde is totally focused on her mission and has not taken any decision regarding the end of her term.
In London, I'm Ewan Potts, Bloomberg Radio.
The UK's financial technology sector attracted just shy of $11 billion last year, down from about $13.5 billion in 2024.
The numbers come from a KPMG report citing PitchBook data.
In total, 418 fintech deals closed last year, with a blockbuster $4 billion fundraising by Revolut at a valuation of $75 billion, making up a big chunk of the total raised.
The UK's fintech sector was dwarfed by the US, which accounted for close to half of all cash raised globally.
But to underline the country's relevance, UK fintechs attracted more funding than those in France, Germany, Belgium, the Nordics, Ireland, China and Brazil combined.
In London, I'm Ewan Potts, Bloomberg Radio.
The UK's financial technology sector attracted just shy of $11 billion last year, down from about $13.5 billion in 2024.
The numbers come from a KPMG report citing PitchBook data.
In total, 418 fintech deals closed last year, with a blockbuster $4 billion fundraising by Revolut at a valuation of $75 billion, making up a big chunk of the total raised.
The UK's fintech sector was dwarfed by the US, which accounted for close to half of all cash raised globally.
But to underline the country's relevance, UK fintechs attracted more funding than those in France, Germany, Belgium, the Nordics, Ireland, China and Brazil combined.
In London, I'm Ewan Potts, Bloomberg Radio.
High rents and low pay mean work is no longer a route out of poverty for millions of families in the UK.
That's the conclusion of a report called Unsung Britain from the Resolution Foundation.
It says incomes of poorer families are set to grow just 0.5% a year across the 2020s.
In the 40 years up to the mid-2000s, the typical disposable incomes of working-age families in the poorest half of Britain doubled, growing by 1.8% a year in real terms.