City of London Chief Says Brexit ‘Disaster’ Cost 40,000 Finance Jobs October 16, 2024 By John O'Donnell, Elisa Martinuzzi and Andy Bruce Britain’s departure from the European Union cost London’s financial center about 40,000 jobs, the Lord Mayor of the City of...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
Many UK Companies Report Difficulties with Post-Brexit Trade Arrangements: HSBC February 5, 2021 By Andy Bruce LONDON – Around 40% of British companies that import and export said the shift to a new trading arrangement with...
UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access January 8, 2021 By Andy Bruce and Huw Jones Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market...
Bank of England to Issue Rules for How Banks, Insurers Should Manage Climate Risk March 22, 2019 By Andy Bruce and David Milliken The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial...
UK Prime Minister’s Party Opposes Brexit Deal, as Uncertainty Hits Economy January 4, 2019 By Kylie MacLellan and Andy Bruce British Prime Minister Theresa May’s bid to push her Brexit plans through parliament was dealt another blow on Friday when...
No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P October 31, 2018 By Andy Bruce A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the...
IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy September 18, 2018 By Andy Bruce and David Milliken Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage...
UK Employers Plan Hiring Despite Brexit Worries December 19, 2017 By Andy Bruce British employers plan to hire more workers and raise pay more quickly in 2018, but they also fear that Brexit...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch October 30, 2017 By Andy Bruce Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy...