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The Latest Breaking News from FPC

Bank of England to run stress tests on pension funds, insurers, and other lenders

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says

The Independent UK

Millions of mortgage holders to see payments jump, Bank of England warns

AROUND four million mortgage borrowers are set to see their monthly payments jump ...

The National (Scotland)

About 4m mortgage borrowers to see repayments jump next year, Bank warns

People with a fixed-rate home loan due to expire at the end of 2023 are facing average monthly repayment increases of about £250.

The Independent UK

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A Federal Judge Suggests That Oregon's 10-Round Magazine Limit Does Not Implicate the Second Amendment

The new ban, which has been blocked by a state judge, so far has fared better in federal court.

Reason

N.Y. Law Banning Gun Carrying in Churches (Including by People Authorized by the Church) Struck Down

From Hardaway v. Nigrelli, decided yesterday by Judge John L. Sinatra, Jr. (N.D.N.Y.): Eight days after the Supreme Court struck down New York's unconstitutional "proper cause" requirement for conceal-carry licenses, the State responded with even more restrictive legislation, barring all conceal-carry license holders from vast swaths of the State. The…

Reason

Lloyds Bank, Irwin Mitchell and Hill Dickinson: The 29 latest North West hires and promotions

BusinessLive rounds up the latest appointments and promotions in the North West

Birmingham Post

The 5th Circuit Considers Whether the Trump Administration Was Legally Authorized To Ban Bump Stocks

Regulators imposed the ban based on a highly implausible and counterintuitive reading of federal law.

Reason

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This Lawsuit Says a Recent SCOTUS Decision Makes It Clear That 'Assault Weapon' Bans Are Unconstitutional

The Supreme Court unambiguously rejected the sort of reasoning that a federal appeals court used to uphold New York's ban.

Reason

Mortgage affordabilty tests: Bank of England abandons ‘stress test’ recommendation for mortgage approvals

The change could help some borrowers get loans but strict loan-to-income limits remain in place

Evening Standard

Lawsuit seeks to overturn Washington ban on sale, manufacture of large-capacity gun magazines

SEATTLE — A lawsuit backed by a California-based pro-gun group seeks to prevent Washington's impending ban on the sale and manufacture of large-capacity firearm magazines from taking effect this summer.

Tribune News Service

Native logging ban leaves 'bitter taste' in mouth of forestry families, amid timber supply concerns

Forestry families fear "the end is near" for their businesses as WA's native logging ban looms, and they question where Australia's future timber supplies will come from.

ABC News

Calling Police Officer "Pig," "Terrorist," "Punk Ass," and "Bitch" in Facebook Comments Not Obscene After All

So a federal district court held, reversing an earlier magistrate judge ruling on this point; the court also rejected the view that the Free Press Clause only protects "members of the press."

Reason

Sanctions highlight need for regulation of crypto market, Bank officials say

The value of crypto assets around the world increased tenfold between early 2020 and November last year, hitting as high as 2.9 trillion dollars.

The Independent UK

Ukraine war clouds economic outlook and puts borrowers under strain, warns Bank

The Bank’s Financial Policy Committee said UK lenders remain strong enough to ‘withstand severe market and economic disruption’.

The Independent UK

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The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

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