News

Ex-Deutsche Banker Javid Channels Thatcher to Rise in Ranks

U.K. Treasury minister Sajid Javid knew how to personalize his new office after he was promoted last month. “I put up my own portrait of Margaret Thatcher,” Javid, 43, said in an interview in Parliament in London last week.

Energy prize freeze would 'cost public finances more'

Mr Javid added: "Their policy would actually cost the public finances more in lost VAT and corporation tax, meaning more borrowing and more debt - exactly what got us into a mess in the first place."

UK Government saves £1.8bn through collaborative purchasing

Financial secretary to the Treasury Sajid Javid said the government is working to increase the number of SME’s competing for government contracts. “We are changing the way government does business to ensure that we are a good customer. We are creating an environment where firms feel better informed of opportunities, and where SMEs can be confident on competing on equal terms. We want to develop and manage our supply markets”.

Twenty one new banks waiting to launch

Also speaking at the event was financial secretary to the Treasury Sajid Javid who said the government was committed to improving competition in the banking sector which is currently dominated by “the big six” banks RBS, Lloyds Banking Group, Santander, HSBC, Barclays and building society giant Nationwide.

U.K. to Fight Monopolistic Derivatives Exchanges in EU Talks

“This is absolutely key to us,” Javid said in an interview with Bloomberg News on Nov. 5. The U.K. is pushing for “more competition and greater transparency on exchanges. A key part of that is not tolerating monopolistic practices by certain exchanges or clearinghouses.”

UK establishes group to boost London's growing Islamic finance market

Sajid Javid said, “I am delighted that the government is establishing this group. We are competing in a global race and it is crucial that we, as a country that is open for business, know what we need to do to take advantage of the Islamic finance opportunities that are out there.

FCA 'should probe Yorkshire Bank'

Treasury Minister Sajid Javid said he would speak to the Financial Conduct Authority (FCA) after four MPs complained businesses in their constituencies were being penalised by rocketing interest rates and unfair charges if they wanted to pay off their loans early.

Employment

Although the economy is turning a corner, finishing the job still requires a lot more work.  Unemployment is falling both locally and nationally.  

Economic growth data boost Osborne

Sajid Javid, City minister, said a growing economy was not enough and that people needed help with their living costs. “[Labour has] got some ideas on the use of interventions that in themselves are worth considering and looking at,” he told Total Politics magazine in an interview published this week but given in September.

Tackling Crime

Tackling crime is one of the most important issues for Bromsgrove residents.  Everyone has the right to feel safe in their home and in their community.