UK • Disruption Banking

ClearBank Ltd., enabler of bank accounts, real-time clearing, and Embedded Banking for financial institutions, today presents the results from its 2022 Annual Report revealing the bank nearly tripled income to £58m in 2022 (+173% YoY) after reaching monthly UK profitability.

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80% of British public want card payment fees slashed as the cost of living crisis hits businesses

March 9, 2023

New data published today shows that a majority of the UK public oppose the rising and unregulated costs British businesses face for simply accepting payments. With the cost of doing business at record levels, the report, published by the Axe The Card Tax campaign, urges the Government to clamp down on these hidden fees in the upcoming Budget.

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Formal Launch of Teesside’s World-Leading Centre for Digital Trade and Innovation

March 9, 2023

Funded by the Tees Valley Combined Authority (TVCA) and coordinated by the International Chamber of Commerce United Kingdom, the Centre for Digital Trade and Innovation (C4DTI) has been formally launched at its location at Teesside University in Middlesbrough.

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Economic Update – is 2023 a time for growth or survival?

March 2, 2023

The Monetary Policy Committee (MPC) recently published its latest forecast for the UK economy. In the Committee’s central projection, aggregate economic activity (as measured by real GDP) is projected to fall slightly over the coming quarters, as high energy prices and the path of market interest rates continue to weigh on spending in an environment of weak potential growth.

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