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Lord Hammond set to advise £1bn vehicle to scale up UK prospects

Online Editor

Former chancellor Philip Hammond is set to join an all-star line-up at a new fund trying to boost the chances for UK fintechs, according to reports.

A new vehicle provisionally called the Fintech Growth Fund will raise £1bn to back promising start-ups, 

, and Hammond is set to join its advisory board.

Former chancellor Philip Hammond to join new UK fintech fund

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

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