Leaders of the UK's financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of domestic investors is holding back the sector. Trade body Innovate Finance's "Unicorn Council", which includes the CEOs of Monzo, Revolut's UK arm and ClearBank, set out policy recommendations on Monday that it said would help the UK maintain its position as a fintech hub. Global venture capital investments fell to a...
Egypt's inflation is likely to persist over coming months despite the sharp fall seen in March, experts said. Annual urban consumer price inflation rate slowed to 33.3% in March compared with 35.7% in February despite a devaluation of the local pound last month, Egypt government data showed on Monday. The price rise was unexpectedly lower than LSEG's consensus estimate of 36.6%, Experts advise caution as they feel the factors driving inflation upward persist within the system and price pressures...