Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
No-Deal Brexit Would Drag UK Economy to Near Standstill: Report
Oct 26 2018 // A no-deal Brexit would drag the U.K. economy to a near standstill next year, according to a new report. If Britain leaves the European Union without an agreement, reverting to World Trade Organization’s...
Brexit Talks on Hold as UK Cabinet Can’t Agree on Way Forward: Sources
Oct 26 2018 // U.K. Prime Minister Theresa May’s Cabinet is not close enough to agreeing on a way forward for top level Brexit negotiations to resume, even as time is running short to reach a deal, according to people familiar with...
Cross-Border Insurance, Derivative Contracts May Get No-Deal Brexit Reprieve
Oct 25 2018 // The European Union might grant temporary permission for clearing houses in Britain to continue serving EU customers if there is a no-deal Brexit next March, an EU document seen by Reuters showed. LCH, a unit of the London...
Fidelis Sets Up Re/Insurer in Dublin to Prepare for Brexit; Senior Leaders Appointed
Oct 24 2018 // Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after...
London’s Biggest Private Taxi Firm Aims to Roll Out Self-Driving Cars by 2021
Oct 22 2018 // A fleet of autonomous taxis could roll onto the streets of the U.K. capital within three years, after one of London’s biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle...
UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey
Oct 21 2018 // Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust...
Can Go-Slow Brexit Breathe New Life into Flagging Divorce Talks?
Oct 19 2018 // The U.K. and the European Union are inching towards a plan that could help unblock Brexit negotiations and clear the path to a deal, raising hopes of progress after months of stalemate. While the EU summit in Brussels fell...
Mad Cow Disease Confirmed on UK Farm – First Case Since 2015
Oct 19 2018 // Mad cow disease has been found on a U.K. farm for the first time since 2015, raising concern that some countries may move to limit imports of British beef. The disease, also known as bovine spongiform encephalopathy or...
UK’s May Eyes Extension of Brexit Transition Period to Unlock Impasse with EU
Oct 18 2018 // British Prime Minister Theresa May signaled on Thursday she would consider extending a so-called transition period “for a matter of months” after Britain leaves the European Union, a move her critics say is a...
Hackers with Russian Ties Hit 3 E. European Companies: Cyber Security Firm
Oct 17 2018 // Hackers have infected three energy and transport companies in Ukraine and Poland with sophisticated new malware and may be planning destructive cyber attacks, a software security firm said on Wednesday. A report by...
London Attracts Financial Services Investments Despite Cloud of Brexit: Report
Oct 17 2018 // Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday. The body that governs...
UK Needs to Get ‘Good and Scared’ About No-Deal Brexit: Opinion
Oct 16 2018 // The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved. That is now not going to happen, once again raising the risk that the...
Brexit Deadlock Deepens as Hopes Fade for Breakthrough During Crucial Week
Oct 15 2018 // The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense...
London Market Insurers’ Profits Remain Under Pressure with Excess Capacity: Fitch
Oct 11 2018 // The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017,...
Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials
Oct 11 2018 // Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said...
In Event of Hard Brexit, Lloyd’s Commits to Pay All Valid Claims
Oct 10 2018 // Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before the end of 2020 via a Part VII transfer. (Part VII transfers, in part,...
UK Expects 5,000 Financial Services Jobs to Move to Europe by Brexit Day
Oct 10 2018 // Despite thousands of jobs set to move to the continent due to Brexit, Britain’s financial services minister said on Wednesday he would do all he can to ensure the City of London remains a major financial center. John...
Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England
Oct 9 2018 // The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies. The EU has made...
Brexit Countdown: UK-EU Divorce Talks Reach Stalemate
Oct 9 2018 // Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London...
Brexit-Related Uncertainty Begins to Hit UK Businesses: Surveys
Oct 8 2018 // Britain’s businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday. The British Chambers of Commerce...
