Labour to market itself as party of house buyers at crunch talks

JESSICA FRANK-KEYES

vested across 2,500 deals in the second half of 2022.

Chief of Innovate Finance Janine Hirt said the drop in global and UK Fintech investment was an “expected result of the current economic landscape” and reflected the “cautious investor sentiment as seen across equity markets over the last 12 months”.

Volatile public markets have shuttered potential IPO exits for investors and forced firms to slash their valuations as they raise more cash from private investors.

A host of big names have been forced to write down their value after a post-pandemic funding frenzy in 2021.

Despite the slowdown, the UK retained its position in second place in terms of fintech investment.

The United States remains top with $15.6bn invested across 663

For the first time, four of the top 10 markets are in Asia, with China in third place attracting $1.7bn, Singapore in fourth position with $764m, India in fifth position with $729m and South Korea in ninth position attracting $390m.

THE LABOUR party is set to hold crunch talks with mortgage brokers this week amid a brewing repayments crisis. Shadow chancellor Rachel Reeves has pledged homeownership will be the core of her ‘securenomics’ philosophy as she claimed Labour is now the party of house buyers.