Chancellor Reveals £20bn ’Black Hole’ in Public Finances, Oma Savings Bank’s Exceptional Quarter

Rachel Reeves unveils a staggering £20bn 'black hole' in the public finances. Oma Savings Bank releases its Half-Year Financial Report, highlighting an exceptional second quarter. Plus, UK's finance chief accuses previous government of a multibillion-pound 'cover up'. Also, Singapore shows how the finance sector can tackle climate risk.

Sources:
https://uk.news.yahoo.com/rachel-reeves-expected-unveil-20bn-071603730.html
https://finance.yahoo.com/news/oma-savings-bank-plc-half-053000647.html
https://www.aljazeera.com/economy/2024/7/29/uks-finance-chief-accuses-previous-govt-of-multibillion-pound-cover-up
https://www.scmp.com/opinion/letters/article/3271708/singapore-shows-how-finance-sector-can-best-tackle-climate-risk

Outline:
(00:00:00) Introduction
(00:00:44) Rachel Reeves Expected To Unveil £20bn 'Black Hole' In Public Finances
(00:02:41) Oma Savings Bank Plc’s Half-Year Financial Report January-June 2024: Behind is a very exceptional second quarter – an extensive action plan is progressing as planned
(00:04:32) UK’s finance chief accuses previous gov’t of multibillion-pound ‘cover up’
(00:08:06) Letter | Singapore shows how finance sector can best tackle climate risk