UK Cost of Living Crisis - Barrister Strike

BREAKING: Criminal barristers vote in favour of all-out strike action: Lawyers will walk out 'on an indefinite basis' after rejecting a 15% pay rise

Criminal barristers in England and Wales have voted in favour of an all-out strike

The strike is a 'last resort' action, said a activist from the Criminal Bar Association

Kirsty Brimelow QC said it will cost the government more if courts sit empty

Barristers currently working on a backlog of 60,000 cases, she told BBC News

https://www.dailymail.co.uk/news/article-11133785/Lawyers-walk-indefinite-basis-rejecting-15-pay-rise.html

>>17426527

UK Cost of Living Crisis - Ports Strikes

Militant unions closing down docks at UK's biggest container port 'will lead to empty supermarket shelves until CHRISTMAS': Eight-day walkout at Felixstowe 'will cause shortages, disrupt £700m of trade and send inflation through the roof'

Around 1,900 members of Unite union started industrial action at the Port of Felixstowe, Suffolk, yesterday

Felixstowe handles nearly half of containerised freight entering the UK - more than four million every year

Strike action likely to disrupt £700m of trade and will have direct impact on likes of Asda, John Lewis and M&S

Manufacturers such as Rolls Royce and Jaguar Land Rover also likely to be affected due to delay getting parts

https://www.dailymail.co.uk/news/article-11132925/Militant-unions-unleash-strikes-Felixstowe-lead-supermarket-shelves.html

>>17426529

UK Cost of Living Crisis - Rising Rents

Tenants trade down! Rising rents see tenants 'lose one bedroom' as the cash they spend buys less space compared to two years ago

Two years to July 2022 has marked the biggest erosion of tenants' buying power

Tenants must trade down and lose a bedroom if spending same cash as in 2020

Between July 2020 and July 2022, average monthly rents in Britain rose £165

https://www.dailymail.co.uk/property/article-11126777/Rising-rents-tenants-effectively-lose-one-bedroom-says-Hamptons-lettings-agent.html

ISO 20022 Digital Banking Platform

Multiple Global Banking Payment Software Development Projects are happening.

Time to dig for verifiable articles and sources.

>>17426624

SWIFT to ISO20022 Development

ISO 20022 for Crypto: Are Cryptos ISO-Compliant and Can Be Used by Banks?

Author: Contributor Date: June 9, 2022

ISO (International Organization for Standardization) is a non-governmental global organization based in Geneva, Switzerland. ISO develops international standards for industrial, commercial, and proprietary use. If an ISO standard is established, virtually all financial institutions in the world adopt it. An ISO code for Bitcoin (BTC) could facilitate global mainstream adoption more than any other action.

ISO has largely ignored cryptos until the last few years, when CDBCs (Central Bank Digital Currencies) started gaining momentum. Currently, financial institutions rely on the ISO 4217 standard to identify currencies for global transactions. For example, the US Dollar is assigned the code “USD” in this standard.

Given the lack of ISO codes in the crypto world, cryptos currently use unofficial ISO codes, such as “XBT” for Bitcoin. However, in the new “ISO 20022” standard, cryptos could be assigned ISO codes if they are compliant with ISO 20022. This could lead to adoption by centralized banks and enable cross-border crypto payments through centralized financial institutions.

https://phemex.com/academy/iso-for-crypto-iso-20022

>>17426631

Swift to ISO20022 starting November 20022

ISO 20022 is an open global standard for financial information. It provides consistent, rich and structured data that can be used for every kind of financial business transaction.

Why you should adopt it now for cross-border payments

Starting in November 2022, the way the SWIFT community exchanges payments messages will be transformed with ISO 20022. This will unlock huge opportunities for financial institutions, such as boosting operational efficiency, enhancing customer experience, and enabling innovative new services.

A global and open standard, ISO 20022 creates a common language for payments worldwide. And its higher quality data means better payments for all. Whether you’re adopting ISO 20022 as from the start of the migration period or not, learn more about the mandatory actions you need to perform before November 2022.

https://www.swift.com/standards/iso-20022

Timeline - https://www.swift.com/standards/iso-20022/iso-20022-programme/timeline

>>17426641

UK CHAPS to ISO20022 Banking Starting April 2023

Payments data in the UK is changing

The UK payments industry is moving to ISO 20022, the emerging global standard for payments messaging. This standard creates a common language for payments data across the globe.

This change includes our sterling high value payment system CHAPS, which will migrate to ISO 20022 messaging in April 2023.

Better data in payments promises to deliver significant long-term benefits for the economy. To adapt to the new messaging standard and accompanying data requirements, your organisation might have to make process and technology changes.

https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/consultation-on-a-new-messaging-standard-for-uk-payments-iso20022

>>17426647

Bank of England

Migration to ISO20022 Document

https://www.bankofengland.co.uk/-/media/boe/files/payments/rtgs-renewal-programme/iso-20022/chaps-rtgs-iso20022-migration-revised-approach-and-final-schemas.pdf?la=en&hash=388EE8042A94C1E0FECAF83F016BD282402779E8

What is Charlie Ward’s Quantum Financial System QFS Timeline?

The White House Announces the Launch of the Digital Dollar

The president of the United States has ordered the acceleration and priority of studies and tests for the development of a CBDC.

Likewise, an in-depth analysis of the risks cryptocurrencies pose to the U.S. financial system has been tasked.

The digital dollar will enter the world of cryptocurrencies to compete with the digital yuan, launched by China, and other private virtual currencies.

https://dailycoin.com/the-white-house-announces-the-launch-of-the-digital-dollar/

>>17426692

U.S. Lawmakers Look to Digital Dollar to Compete With China

The Federal Reserve is considering the idea, but in no rush to join a digital-assets space race

https://www.wsj.com/articles/u-s-lawmakers-look-to-digital-dollar-to-compete-with-china-11659925037

>>17426696

China’s Digital Yuan causing US Lawmakers to Speed up Efforts Towards a Digital Dollar

https://himitsustudy.com/2022/08/21/chinas-digital-yuan-causing-us-lawmakers-to-increase-efforts-towards-digital-dollar/

>>17426696

Interesting new digital banking platform ISO20022 going live from November 2022. But, Federal Reserve and Biden Government appear to be dragging their feet with implementing change.

Biden’s Hairy Legs