@GaganJhajj1 Profile picture

Gagan Jhajj

@GaganJhajj1

Lloyds Banking Group. Soton and WBS alumnus. First Aider. Tweets about fintech, digital, banking, innovation, customers, strategy and the economy. Views my own.

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#Budget2024 -Employers' #NI contributions rise to 15%. -After 2028-29, #incometax thresholds will rise in line with #inflation -For higher rate #tax payers, on assets such as shares, #capitalgainstax rises to 24% -#Stampduty for second-homes rises to 5% bbc.co.uk/news/articles/…


.⁦@RevolutApp⁩’s wait for a #bankinglicence is finally over. The #fintech said it would now enter the ‘mobilisation‘ stage to complete the build out its #operations. It can now offer #mortgages and #creditcards alongside its existing services cityam.com/revoluts-long-…


Fixed-rate #mortgages priced below 4% are back on sale for #homebuyers for the first time since February, with #brokers hoping it is “a sign of things to come”. ⁦@AskNationwide⁩ will be offering a five-year fixed deal priced at 3.99% up to 60% LTV theguardian.com/money/article/…


Three million people continue to rely on #cash, even as #digitalpayments become more popular. There is particular concern for vulnerable #consumers. @UKFtweets⁩ finds that cash #payments represented 12% of all payments, by volume, in 2023 cityam.com/banks-must-ens…


.@TheFCA⁩ is introducing new rules to protect #accesstocash for #consumers and #smallbusinesses. Banks and building societies will have to assess gaps in local access to cash, such as #branches and #ATMs, and provide additional services to fill any gaps thisismoney.co.uk/money/saving/a…


The annual #retirement report published today by ⁦@ScottishWidows⁩ reveals that the percentage of people not on track for even a minimum retirement lifestyle has risen from 35% to 38% during the last year. That equates to an extra 1.2 million people news.sky.com/story/pension-…


With #affordability stretched for aspiring #homeowners, new research from ⁦@LloydsBank⁩ shows that 51% of young first-time buyers are willing to consider non-traditional routes to get onto the #propertyladder, like purchasing with a friend or sibling lloydsbankinggroup.com/media/press-re…


.⁦@IMFNews⁩ has raised its #growth forecast for the UK #economy this year to 0.7%. In 2025, the UK’s #economicgrowth will more than double to 1.5%, exceeding every other major European economy. However, lingering #inflation remains a headwind telegraph.co.uk/business/2024/…


Falling #inflation, #football fans and fake tan drove supermarket shopping in recent weeks, when improving #consumerconfidence and excitement around the men’s Euros tournament were only slightly dampened by wet #weather theguardian.com/business/artic…


.⁦@LBGplc⁩ will start converting its disused office sites into social #housing. The bank will launch the programme by selling a decommissioned data and office space with the agreement that 80 new homes will then be rented at about half the usual rate theguardian.com/business/artic…


$GBP is currently trading at multi-year highs against a basket of currencies as #investors flock to 'safe haven' UK amid strong UK #GDP data, softer-than-anticipated #inflation in the US, instability in France and dovish noises from the #ECB cityam.com/the-sterling-s…


The #UK has surpassed #India to become the world’s third-largest #venturecapital market. Analysts forecast a return to growth after a drop-off in #investment and #dealmaking in recent years cityam.com/uk-surpasses-i…


Stronger #services and #construction output helped return the UK #economy to #growth in May. The positive economic outlook and concerns about #inflation could prompt the Bank of England to hold #interestrates steady in August independent.co.uk/news/uk/home-n…


The UK #economy grew faster than expected in May as it rebounded from a weather-affected slowdown in April. The question of how to increase #growth in the UK's economy was one of the key battlegrounds in the recent #generalelection bbc.com/news/articles/…


Around 3m UK #households will see their #mortgage repayments rise over the next two years as high #interestrates continue to take effect, the #BoE has said. Up to 400,000 homes are likely to experience "very large increases" of more than 50% news.sky.com/story/mortgage…


#Consumerconfidence picked up again in June, in a sign that the improving #economic outlook is slowly feeding through into #household budgets. #Consumers were much more confident in the prospects for the #economy over the coming year cityam.com/consumer-confi…


The #UK is home to the highest number of #GenAI #startups across Europe, according to @Accel⁩. Despite this, GenAI companies founded in #France lead the way in raising #funding, attracting $2.29bn, followed by the UK on $1.15bn reuters.com/technology/uk-…


#London is driving a surge in UK #fintech #recruitment this year, as #startups push for rapid #growth amid a rebound in #investment. Fintech is the top performing category within UK #financialservices for job openings in 2024 cityam.com/uk-fintech-job…


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