UK Employers Warn Tax Rise Will Hit Investment and Pay November 25, 2024 By David Milliken British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and...
UK’s Reeves Raises Employers’ National Insurance Contributions October 30, 2024 By David Milliken and Elizabeth Piper Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major...
UK Business Group Says Tax Clarity Needed at Budget to Support Investment October 8, 2024 By David Milliken British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order...
Brexit Has Cost UK More Than $178 Billion so far: London Mayor January 12, 2024 By David Milliken Britain’s departure from the European Union has reduced the size of its economy by 6% so far – an annual...
UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey September 26, 2023 By David Milliken British workers took the most sick leave in more than a decade during the past year, a survey of employers...
UK’s Confederation of British Industry Fires Director General After Probe of Complaints April 11, 2023 By David Milliken and William Schomberg The Confederation of British Industry said it had fired its director-general Tony Danker and suspended three others after an investigation...
Bank of England Worried New Insurance Capital Rules Could Risk Policyholder Bailout January 17, 2023 By Huw Jones and David Milliken Britain’s proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened...
UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...
New UK Finance Minister Targets Flexibility of Post-Brexit Financial Regs, Solvency II July 19, 2022 By David Milliken Britain’s government must focus on sound public finances and avoid further fueling inflation by pumping up demand, new finance minister...
UK CFOs Expect High Inflation to Cut Profit Margins: Deloitte Survey April 19, 2022 By David Milliken More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their...