Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’
Dec 12 2022 // The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of the “Big Bang” that politicians were promising earlier this year and is unlikely to deliver the dramatic...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...
Is Britain Starting to Have Second Thoughts About Brexit?
Nov 23 2022 // Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules
Nov 17 2022 // The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European...
Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules
Nov 17 2022 // Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central...
Britain’s Financial Services Execs Hope Sunak Can Steady the Ship After Market Chaos
Oct 26 2022 // After seven weeks in which Britain’s reputation for financial credibility has been rocked by political missteps, senior finance executives have given new prime minister Rishi Sunak a cautious welcome. Sunak is a...
Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report
Oct 19 2022 // Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute. Trade from UK to the...
UK Market Turmoil Threatens Plans for Post-Brexit Reforms for Insurers
Oct 6 2022 // Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such...
Britain Lifts Ban on Gas Fracking in England in Push for Energy Independence
Sep 22 2022 // Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying strengthening the country’s energy supply was an “absolute priority.” Energy...
Britain Proposes Reforms for Insuring Apartment Blocks After Deadly Grenfell Tower Fire
Sep 21 2022 // Britain’s financial watchdog has proposed reforming how apartment blocks are insured after the deaths of 72 people in the Grenfell Tower fire in London led to rocketing premiums on policies. The Financial Conduct...
Britain’s Haleon Rejects Potential Zantac Liabilities in U.S.
Sep 21 2022 // Haleon believes it is not liable for any claims that may arise from U.S. litigation over the heartburn drug Zantac, the London-listed company’s CEO Brian McNamara told Reuters on Tuesday. More than 2,000 legal cases...
Britain’s Beaches Face Growing Problem With Sewage Discharges
Aug 29 2022 // Raw sewage has been spilling into seawater in some parts of England and Wales over the past week after heavy rains overwhelmed sewer systems. The contaminated flows triggered new pollution risk warnings and advice against...
Britain’s Proposed Post-Brexit Financial Reform Explained
Aug 12 2022 // Britain’s government proposed a far-reaching financial services law last month to exploit “freedoms” to write its own capital market rules since leaving the European Union. Approval of what is the biggest...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S.
Aug 10 2022 // The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more...
London’s Financial Center Struggles to Find Its Way in Post-Brexit Britain
Jul 25 2022 // London is in danger of becoming a mere “regional stock market” down the line unless it significantly raises its game — that is the warning from Mark Austin, the latest person charged with sprucing up the...
Analysis: Britain’s Proposed Post-Brexit Financial Services Law Underwhelms Industry
Jul 21 2022 // Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a “Big Bang 2.0” as it sidesteps calls to cut taxes on banks or ease curbs on hiring foreign staff...
Britain Initiates Post-Brexit ‘Transformation’ of Financial Services
Jul 20 2022 // British financial regulators will have to promote the global competitiveness of the country’s financial sector, though a plan for more government oversight of their work has been put on hold for now, finance minister...
New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II
Jul 19 2022 // Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister Nadhim Zahawi is due to say in his first major speech on Tuesday. Zahawi will...
UK Regulator May Lack Bandwidth to Push Post-Brexit Competitiveness: Policymaker
Jul 19 2022 // The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center, a policymaker designate said on Monday. Britain’s government is due...
