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U.K. Prime Minister Rishi Sunak at 10 Downing Street. Dan Kitwood | Getty Images U.K. cryptocurrency firms and investors have high hopes that new prime minister Rishi Sunak could turn around Britain's fading crypto aspirations. The new U.K. leader, who was finance minister in former PM Boris Johnson's government, faces a daunting to-do list, which includes undoing the economic havoc wreaked by his predecessor Liz Truss. Crypto isn't exactly high up on his priority list, but industry insiders say there's reason to be optimistic. "The feeling among entrepreneurs is one of relief," said Christian Faes, co-founder of digital lending startup LendInvest. "There's a feeling that we finally have someone sensible in Number 10, after the arrogance and incompetence of Liz Truss and [ex-Finance Minister] Kwasi Kwarteng almost crashed the U.K. economy." "Rishi sees the opportunity and potential that crypto has, and wants the U.K. to be a leader in i...

While these support measures may be welcome boosts for employees, they may not go far enough, Ruth Thomas, Chief Product Evangelist at compensation software and employee management company Payscale said. Alexander Spatari / Getty Images LONDON — Britain's financial sector is being urged to do more to help workers struggling with the cost-of-living crisis, despite a slew of top banking names providing one-off payments to low earners. Nationwide announced on Aug. 15 a payment to more than 11,000 employees to help with the increasing cost of living. The payment is aimed at those earning £35,000 ($42,300) or less a year, which is 61% of the workforce.  "The months ahead will be worrying for many people and we're always considering new ways to help our members. But rising prices affect our colleagues too and that's why we're providing this additional support," Debbie Crosbie, CEO at Nationwide Building Society, said in a press release. The world's largest b...