One highly practical reason for using a blockchain-type solution was voiced by IBM's Jerry Cuomo during a Consensus 2016 panel about how companies are embracing the technology.

David Cameron faced sustained attacks from Labour and the SNP over the staffing levels of the UK's tax watchdog during Prime Minister's Questions (PMQs), as the fallout from the explosive Panama Papers leak continues.

The latest budget from UK chancellor George Osborne spelled bad news for landlords, with various tax changes coming into force from 6 April designed to undermine the booming buy-to-let market.

With the aim to achieve a greater gender balance in workplaces and promote the appointment of women in senior roles in the finance industry, the UK government is urging companies to sign up to a voluntary charter, which comprises proposals to further the cause.

The Bank of England has decided to keep the UK central interest rate unchanged at 0.5%. The policy makers decided to keep borrowing costs at a record low.

Standard Chartered shares plunged on Tuesday (23 February) after the bank reported a surprise $1.5bn full year loss over 2015. The Asia-focused bank said that it sunk into a loss as unexpected expenses soared.

Multimillionaire Conservative Zac Goldsmith has made his personal tax return public after Labour urged the City Hall hopeful to "come clean" over his financial affairs.

The European business of Tata Steel has reported a loss for its third quarter. For the three months ending December 2015, the loss was pegged at £68m (€88.5m, $99m). This was more than double the loss it had reported in its previous quarter, and also marked a stark contrast when compared on a year-on-year basis, when it reported a profit of £132m.

UK has witnessed the highest levels of consumer lending and the fastest increase since 2007, according to the British Bankers' Association (BBA). Loans by British banks to consumers increased 5.7% in the 12 months to November.

The Bank of England (BoE) should not begin raising interest rates, the bank's governor Mark Carney said at a speech in London on Tuesday (19 January). "Now is not yet the time to raise interest rates," he said in what was his first public address of the year.