UK’s Labour Budget Debut and AI Guidelines Unveiled in Hong Kong

This week marks a pivotal moment for the UK as Finance Minister Rachel Reeves prepares to unveil the Labour government's first budget, addressing weeks of uncertainty over tax and spending. Meanwhile, Hong Kong introduces new guidelines for the responsible use of AI in financial services during FinTech Week, positioning itself as a leader in the evolving landscape of finance and technology. Join us as we explore the implications of these significant developments for consumers and businesses alike.

Sources:
https://www.cnbc.com/2024/10/28/uk-finance-minister-rachel-reeves-outlines-2024-october-budget.html
https://au.finance.yahoo.com/news/anz-cuts-interest-rates-ahead-of-major-rba-decision-044134307.html/
https://finance.yahoo.com/news/citi-launches-digital-trade-receivable-013000093.html/
https://www.scmp.com/business/banking-finance/article/3284120/hong-kong-unveils-rules-responsible-ai-use-it-gets-ahead-disruptive-technology

Outline:
(00:00:00) Introduction
(00:00:41) Britain's Labour government to deliver debut Budget this week, settling weeks of uncertainty
(00:03:04) Major bank's telling interest rate move ahead of crucial RBA decision: 'Cut'
(00:05:19) Citi Launches New Digital Trade Receivable Finance Solution
(00:07:42) Hong Kong unveils rules for ‘responsible’ AI use at Fintech Week