UK Commercial Property Defaults Rise as Rate Hikes Hit Borrowers October 17, 2023 By Jack Sidders The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in...
UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle October 10, 2023 By Katherine Griffiths and Joe Mayes Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services...
Rapid Shocks in Store for Insurers in New Bank of England Stress Tests October 3, 2023 By Huw Jones The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a “stress...
Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment September 28, 2023 By Huw Jones Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its...
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 Watchdog Sets 3-Month Deadline to Improve Car Insurance September 21, 2023 By Huw Jones Britain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products...
‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis September 20, 2023 By Huw Jones and Sinead Cruise When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial...
Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods September 19, 2023 By Huw Jones Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient...
Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending September 14, 2023 By Huw Jones The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance September 7, 2023 By Huw Jones The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector...