Firms include neobank unicorn Zopa and Allica Bank for the first cohort of its new Scale-Up unit designed to accelerate fintech growth
Samuel Norman www.cityam.com
13:18, 03 Feb 2026
Chancellor Rachel Reeves wants to promote the UK’s fintech sector(Image: Dan Kitwood/Getty Images)
The Bank of England has unveiled the initial selection of UK fintech innovators set to fall under the supervision of its newly established ‘Scale-Up’ regulatory unit.
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Among those admitted to the inaugural group are small business lenders OakNorth and Allica Bank – the latter recognised by Deloitte as the fastest-growing fintech in history. Both have bases in Manchester and London.
Joining them are neobank unicorn Zopa , which last year launched a base in Manchester, banking-as-a-service platform Clearbank, and Monument Bank, which caters to the mass-affluent market and has been the subject of speculation regarding a potential US stock market flotation.
Completing the first intake is Nottingham Building Society, an outspoken opponent of the government’s cash Isa overhaul, which described the Budget’s reduction of the allowance to £12,000 as “deeply disappointing”.
The Scale-Up unit has been championed by the Treasury as a means to “supercharge” the expansion of cutting-edge fintech companies and represents a collaborative initiative between the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), as reported by City AM.
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The initiative was initially previewed at Rachel Reeves’ Financial Services Growth and Competitiveness Summit, where the Chancellor sought to introduce measures bolstering the fintech industry.
Richard Davies, chief executive of Allica Bank, said: “Done well, the Scale-Up Unit can support the government’s objective to make the UK the location of choice for financial services firms to invest, innovate and grow.”
ClearBank’s chief executive Mark Fairless said: “This new Unit will help ClearBank to accelerate progress on critical initiatives that support our clients and the wider financial services sector in the UK.”
Regulation has continued to be a major concern for Britain’s innovators, with the fintech trade body Innovate Finance criticising the banking watchdog, the PRA, last year over “logic defying” rules.
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A report from the organisation claimed the Prudential Regulation Authority’s (PRA) “excessive” requirements have created an “uneven playing field for UK challenger banks, placing heavy burdens on them.”
Reeves has been cultivating relationships with leading fintech companies over the past year in an effort to encourage fintech flotations. Senior figures from ClearBank, Atom, Revolut and Zilch met with the Chancellor last July to push for tax breaks and cautioned the government that it could lose them to international competitors.
Recent data from Innovate Finance revealed the UK strengthened its position as Europe’s fintech leader over the past year but faced mounting pressure from rapidly expanding rivals increasing their clout.
The UK secured $3.6bn (£2.7bn) in investment last year, drawing in more than the following five European nations combined but only narrowly surpassing India at $3.4bn.
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A spike in investment during the second half of 2025 enabled UK fintech to retain its runner-up position for overall investment.
RTL Point, a digital platform operating within the cryptocurrency trading and information sector, has continued to develop its infrastructure to support a growing demand for real-time crypto news and market insights. The platform integrates automated data aggregation with a structured interface, providing users with a centralized environment to monitor developments across the global digital asset landscape.
As cryptocurrency adoption increases worldwide, the need for consistent and accessible information has become more pronounced. Market participants are required to interpret a wide range of data points, including price movements, technological updates, and regulatory developments. RTL Point addresses this complexity by consolidating relevant information into a unified system designed to enhance clarity and efficiency.
The platform continuously gathers data from publicly available sources and organizes it into categorized streams based on asset type, relevance, and potential market impact. This enables users to follow developments related to major cryptocurrencies such as Bitcoin and Ethereum, alongside a wide range of alternative digital assets. By structuring information in this manner, RTL Point supports a more efficient approach to tracking market activity on a global scale.
In addition to its content aggregation capabilities, RTL Point incorporates features aligned with modern digital trading environments. The platform emphasizes responsive navigation, cross-device accessibility, and performance consistency. Users are able to transition seamlessly between informational content and functional tools, creating an integrated experience that aligns with evolving expectations in financial technology.
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A key element of the platform’s development is its focus on transparency and measurable performance. The integration ofRTL Point within discussions related to platform credibility reflects an emphasis on system responsiveness, data accuracy, and interface stability. These factors contribute to an environment where users can evaluate operational consistency through observable indicators.
Security remains a central priority within the platform’s infrastructure. As digital asset markets continue to face evolving cybersecurity risks, RTL Point incorporates protective measures designed to safeguard user data and maintain system integrity. References toRTL Point in the context of security highlight ongoing efforts to provide a stable and controlled operating environment aligned with industry standards.
From a technical perspective, RTL Point is built to support scalability and sustained performance under varying levels of demand. Its infrastructure is optimized for real-time data processing, ensuring that updates are delivered efficiently without significant delay. Observations associated withRTL Point frequently relate to system efficiency and uptime, both of which are essential in fast-moving financial environments.
User experience is another important aspect of the platform’s positioning. RTL Point is designed to accommodate users with varying levels of familiarity with cryptocurrency markets, offering an interface that balances simplicity with functionality. Navigation is structured to reduce complexity while maintaining access to detailed analytical insights. The presence ofRTL Point in usability evaluations underscores the importance of intuitive design in supporting sustained engagement.
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The platform also introduces structured categorization features that allow users to filter information based on relevance, asset type, and trend significance. This approach enables users to focus on key developments while minimizing informational noise. By organizing data effectively, RTL Point contributes to a more systematic method of monitoring cryptocurrency trends across different regions and markets.
The integration of global news aggregation within a unified platform reflects broader developments within the financial technology sector. Increasingly, platforms are combining informational resources with performance-oriented tools to create cohesive ecosystems. RTL Point aligns with this trend by offering a system that merges continuous updates with structured data delivery.
Such developments contribute to the ongoing evolution of the digital asset ecosystem by supporting more informed participation. Access to structured and reliable information allows users to better understand market dynamics and respond accordingly. Within this context, references toRTL Point highlight its role in promoting a data-driven approach to cryptocurrency engagement.
As digital assets continue to gain global relevance, the ability to access accurate and timely information across international markets remains a critical factor in participation. Platforms that prioritize clarity, efficiency, and operational stability are expected to play an important role in shaping how users interact with cryptocurrency markets worldwide.
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In summary, RTL Point’s continued expansion within the global crypto news ecosystem reflects its focus on strengthening performance, usability, and system reliability. By delivering a platform that integrates real-time updates with structured access to market information, RTL Point continues to evolve alongside the growing demands of the digital asset sector.
About RTL Point
RTL Point is a digital platform focused on cryptocurrency news, market insights, and trading-related tools. The platform provides real-time updates on digital asset markets through automated data aggregation and structured content delivery. Designed to support both new and experienced users, RTL Point integrates informational resources with a functional trading environment, emphasizing accessibility, performance, and operational stability. For more information, visit:https://www.rtlpoint.com/
Media Contact Name: Hannah Lindberg Title: Communications Officer Email: press@rtlpoint.com Company: RTL Point LTD Address: 128 Queen’s Road, Brighton, BN1 3WB, United Kingdom
Redundancies are rising and recruitment is falling, according to the research
Mauricio Alencar www.cityam.com
07:54, 13 Apr 2026
View of London(Image: Getty Images)
Businesses cut jobs at the fastest rate in 2026 as employers also resisted awarding staff substantial pay rises throughout March, according to new research, laying bare the Iran war’s impact across all areas of the UK economy.
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A study by the Recruitment and Employment Confederation (REC) and KPMG revealed a sharper increase in the number of job seekers over March.
The growing availability of candidates was driven by rising redundancies and widespread job scarcity, researchers found, leaving the UK labour market vulnerable to further damage from the Iran conflict as its consequences filter through in the weeks ahead.
Analysts indicated that high street retailers were the worst affected, with retail and hospitality “struggling” amid challenging conditions on labour costs and weakening consumer demand.
The permanent placements index, which tracks the number of people in full-time positions, showed a marginal improvement on the previous month but continued to signal a contraction in employment, as reported by City AM.
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Temporary recruitment also declined at a slower pace than in March, while the number of vacancies fell across both the private and public sectors.
Employment figures for March may leave economists and policymakers in a difficult position, with the data failing to show any significant departure from trends observed over several months.
Nevertheless, concerns are mounting that instability in Middle Eastern trade could unsettle businesses over the coming months, with the broader jobs market already grappling with rising unemployment and a prolonged drop in vacancy numbers.
REC chief executive Neil Carberry suggested the Labour government’s cost of living agenda could be bolstered by addressing “the rising cost of doing business”.
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“The Gulf Conflict provided a headwind to hiring in March but this did not stop the trend of stabilisation that has defined 2026 so far,” Carberry said.
“Business prospects for 2026 remain finely balanced, and confidence will be key. Households and businesses are still sitting on cash that might be put to work in the economy if the climate is right, boosting growth and particularly helping struggling consumer-facing sectors.”
Figures gathered by the two organisations also revealed that starting salaries grew at their slowest pace in five months, indicating that wage growth is beginning to ease.
Bank of England rate-setters keep a close eye on pay growth levels amid fears that elevated inflation could push wages higher, triggering a spiralling effect on price increases.
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Subdued demand resulting from higher unemployment and the threat of recession could further strengthen the argument for interest rate cuts, helping to alleviate financial pressures on both households and businesses.
CUPERTINO, California — Apple’s iPhone 18 Pro Max is shaping up as one of the most significant upgrades in years, with rumors pointing to a larger battery, the company’s first variable aperture camera and a cutting-edge 2nm processor as the device prepares for a September 2026 launch alongside a new foldable iPhone. While full details remain under wraps ahead of the expected fall event, supply chain leaks and analyst reports have painted a clearer picture of what could be Apple’s most powerful iPhone yet.
iPhone 18 Pro Max
The iPhone 18 Pro and iPhone 18 Pro Max are expected to launch in September 2026, joining Apple’s first foldable iPhone in what analysts describe as a major shake-up of the company’s release schedule. Unlike previous years, the standard iPhone 18 and a more affordable iPhone 18e model are reportedly delayed until spring 2027, allowing Apple to focus its fall lineup on premium devices.
The iPhone 18 Pro Max is rumored to retain its 6.9-inch display size but could feature subtle design tweaks. Leaks suggest it may be slightly thicker than the iPhone 17 Pro Max to accommodate a larger battery, potentially pushing the weight above 240 grams. A new “deep red” color option is also in testing, according to Bloomberg’s Mark Gurman, offering a bold alternative to the titanium finishes that have defined recent Pro models.
One of the most anticipated changes involves the camera system. Multiple reports indicate the iPhone 18 Pro Max could introduce Apple’s first variable aperture main camera, allowing users to adjust the lens opening for better control over depth of field and low-light performance — a feature long common in professional DSLR and mirrorless cameras. Some leaks also mention a possible shift to a new three-layer stacked image sensor from Samsung, potentially replacing Sony as the primary supplier, and speculation around a higher-resolution main sensor, though 48-megapixel remains the baseline in most rumors.
The rear camera array is expected to continue with a triple-lens setup on a raised plateau, including upgraded ultrawide and periscope telephoto lenses. Front-facing camera rumors have been mixed: early reports suggested under-display Face ID and a relocated punch-hole selfie camera, but more recent leaks indicate Apple may have delayed full under-screen Face ID implementation. Instead, a smaller Dynamic Island — reportedly reduced by up to 35% in some prototypes — could offer a cleaner look while keeping essential sensors visible.
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Powering the device is the rumored A20 Pro chip, built on TSMC’s advanced 2nm process node. This represents a significant leap from the 3nm technology in recent A-series chips, promising roughly 15% better performance and up to 30% improved energy efficiency. The chipset is expected to pair with 12GB of RAM across Pro models and support for faster connectivity via Apple’s in-house C2 modem, which could enable full satellite internet capabilities through NR-NTN standards and enhanced mmWave 5G.
Battery life has emerged as a major talking point. The iPhone 18 Pro Max could pack a 5,100 to 5,200 mAh cell — Apple’s largest ever — depending on whether the model includes a physical SIM tray or relies solely on eSIM. Combined with the efficiency gains from the 2nm chip, users might see noticeably longer runtime, potentially approaching two days of moderate use. Charging speeds are also rumored to improve, with some reports pointing toward 40W wired charging.
Storage options are expected to start at 256GB and scale up to 2TB, maintaining the premium positioning of the Pro Max. Display technology could see refinements with LTPO+ panels supporting variable refresh rates from 1Hz to 120Hz and peak brightness potentially reaching 3,000 nits for better outdoor visibility.
The broader 2026 iPhone strategy reflects Apple’s push into new form factors. The foldable iPhone, expected to measure around 5.5 inches when closed and 7.8 inches when open, will reportedly share many internal components with the Pro models, including the A20 Pro chip. This trio of high-end devices — two slab-style Pros and one foldable — could command higher average selling prices, helping offset the delayed launch of more affordable models.
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Analysts note that the split release schedule allows Apple to stagger production demands and focus resources on complex new technologies like the foldable hinge and advanced camera features. However, it also means consumers seeking a standard iPhone 18 will have to wait until 2027, potentially driving interest toward the Pro lineup or the foldable this fall.
Pricing is expected to remain relatively stable for the entry-level 256GB iPhone 18 Pro Max, starting around the current $1,199 mark, though some speculation suggests modest increases due to the advanced components and the inclusion of the foldable in the premium segment. Trade-in programs and carrier deals will likely play a key role in adoption, as they have in past cycles.
Camera enthusiasts are particularly excited about the variable aperture rumor. This mechanical feature would let the main lens adjust dynamically — wider for low-light shots with more light intake, or narrower for sharper portraits with better subject separation. Combined with computational photography improvements in iOS 27, the iPhone 18 Pro Max could narrow the gap between smartphone and dedicated camera systems even further.
Connectivity upgrades via the C2 modem could bring reliable satellite messaging and emergency features to more users, building on capabilities introduced in earlier models. Enhanced Wi-Fi 7 and Bluetooth support are also anticipated, improving performance for streaming, gaming and accessory pairing.
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Design continuity remains a theme. The titanium frame, Ceramic Shield front and IP68 rating are expected to carry over, with the camera bump possibly unchanged in layout. The Camera Control button introduced in recent models may see refinements but is unlikely to disappear.
As with all pre-launch rumors, details could shift in the coming months. Apple has a history of refining features during late-stage testing, and some ambitious elements like full under-display Face ID may slip to the iPhone 19 series if technical hurdles persist.
For users holding onto iPhone 15 Pro Max or 16 Pro Max models, the combination of meaningful camera controls, battery gains and processing efficiency could justify an upgrade. Those with the iPhone 17 Pro Max might find the changes more incremental unless the variable aperture or foldable option strongly appeals.
Apple has not commented on any specifics, maintaining its usual policy of silence until the official announcement. The company is expected to host its annual fall event in September, where the iPhone 18 Pro, iPhone 18 Pro Max and foldable will likely take center stage.
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Industry watchers will also monitor how the new lineup performs against growing competition in the premium Android space, where foldables and advanced camera systems have gained traction. Apple’s tight integration of hardware and software has historically given it an edge, but expectations are high for tangible improvements in 2026.
In the meantime, leaks from supply chain sources in Asia continue to fuel speculation. Screen protector images, prototype photos and analyst notes provide the bulk of current information, though verification often comes only after devices enter mass production later this year.
For now, the iPhone 18 Pro Max rumors suggest Apple is preparing a device that prioritizes practical enhancements — better photos, longer battery life and faster performance — while teasing bigger design shifts for future generations. Whether the variable aperture camera delivers the photography leap many hope for, or the larger battery finally solves endurance complaints, will only be clear once units reach consumers.
As September 2026 approaches, anticipation is building for what could be a pivotal year in Apple’s smartphone evolution — one that balances refinement with ambition in a competitive market.
There is a pattern playing out across UK startups and scale-ups right now that would have seemed unusual five years ago. Founders who can clearly afford to hire a full-time executive assistant are choosing not to.
Instead, they are turning to VA agencies – and not the offshore, five-pounds-an-hour kind. They are paying for managed, EU-based executive support that costs less than an in-house hire and starts working in days rather than months.
Having spent several years building a VA agency that works exclusively with CEOs and founders, I have watched this shift accelerate dramatically since 2023. The reasons behind it tell us something important about how the economics of running a UK business have changed.
The In-House Equation No Longer Adds Up
A competitive EA salary in the UK now sits between £45,000 and £60,000 depending on the city. In London, it pushes higher. Once you add Employer’s National Insurance – which rose again in April 2026 – mandatory pension contributions, equipment, and recruitment fees, the fully loaded cost easily reaches £70,000 to £80,000 annually. That is before you account for the 2-4 months it typically takes to find and onboard the right person.
For a founder managing a £1-5 million business, committing £75,000 per year to a single hire before knowing whether the relationship will work is a significant gamble. And if the hire does not work out, you are back to square one with nothing to show except a few months of mediocre support and an uncomfortable termination process.
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What Changed
Three things converged to make the VA agency model genuinely competitive.
First, remote work stopped being an experiment. Between 2020 and 2023, every founder in the country proved that complex, trust-dependent work could happen effectively without sharing an office. The psychological barrier to remote executive support essentially disappeared.
Second, the EU talent pool became more accessible through agencies, not less. Post-Brexit, directly employing someone in the EU became more complicated. But engaging an EU-based agency through a service agreement remained simple – one invoice, no cross-border employment headaches. For founders who wanted skilled, culturally aligned professionals without the overhead, the agency model became the path of least resistance.
Third, the quality of managed VA services improved substantially. The early virtual assistant industry was dominated by freelancer marketplaces. What has emerged since is fundamentally different. The best VA agencies now recruit, train, and manage executive assistants specifically for founder support, providing account management, quality oversight, and backup coverage. The founder delegates to their EA; the agency manages everything else.
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What Founders Are Actually Getting
A managed VA agency typically charges £2,000 to £3,000 per month for dedicated part-time executive support – roughly half the monthly cost of a full-time in-house hire, with none of the employment overhead.
But what I hear most from founders is not about the money. It is about speed and flexibility. A founder going through a funding round needs intensive support for 8 weeks, then a lighter touch afterward. An in-house hire cannot flex like that. A founder with three businesses needs someone who can hold the complexity of multiple calendars and stakeholder groups simultaneously – and a pre-trained EA from a specialist agency arrives with frameworks for exactly that.
The virtual executive assistant model – where a remote EA operates as a strategic partner rather than a task follower – has matured to the point where it genuinely competes with in-house hiring on quality, not just cost. VA agencies serving UK founders, such as DonnaPro, have built their entire model around this flexibility, typically offering 60-day trial periods with no contracts – something unthinkable in traditional employment.
The Objections That Still Hold – and the Ones That Don’t
Not every founder should use a VA agency. If your business needs 30+ hours of weekly support and you value having someone physically present, an in-house EA remains the right choice. The cultural integration and in-person availability of a dedicated employee are real advantages that remote support cannot fully replicate.
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The objection that no longer holds is the trust argument. After years of fully remote working relationships proving their viability across every industry, the concern that a remote assistant cannot handle sensitive information or communicate with investors has largely evaporated. Modern EA agencies enforce GDPR compliance, background checks, and confidentiality agreements as standard – often with more rigour than a typical in-house hiring process.
Where This Goes Next
The trend is not going to reverse. Employment costs in the UK continue to rise. The pool of skilled, English-fluent professionals across the EU remains deep. And founders who have experienced the flexibility of agency-based support rarely go back to the traditional model.
For UK founders weighing this decision right now, the practical advice is straightforward. If you are spending more than 10-15 hours per week on operational tasks, and your business generates enough revenue to invest £2,000-3,000 per month in support, a VA agency like DonnaPro that specialises in UK founder support is a low-risk place to start. Most offer short trial periods, and the upside is substantial. Not just in hours reclaimed, but in the headspace that comes with finally having someone competent handling the work that has been dragging you down.
The founders building the most resilient businesses in the UK right now are not the ones doing everything themselves. They are the ones who figured out, earlier than their competitors, that the smartest use of their time is not managing their inbox.
The US Navy Commander’s handbook on naval operations law from 2022 defines a blockade as a “belligerent operation to prevent vessels and/or aircraft of all States, enemy and neutral, from entering or exiting specified ports, airfields, or coastal areas belonging to, occupied by, or under the control of an enemy State”.
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