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...
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...
UK Issues Record Number of Work Visas to Fill Staff Shortages August 25, 2023 By Philip Aldrick A record 321,000 visas were issued for migrants to work in the UK in the year to June as employers...
Severn Trent Faces First UK Class Action Suit Over Sewage Pollution August 9, 2023 By Katharine Gemmell Severn Trent Plc faces an environment class action lawsuit in London over allegations it abused its dominant position in the...
Britain to Create New Regime to Deal With Big Insurance Company Failures August 7, 2023 By Huw Jones Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a...
AIG, AXA Weighing Sales of UK Businesses: Sources July 20, 2023 By Jan-Henrik Förster and Sonia Sirletti Two of the world’s largest insurers are weighing the sale of businesses in the United Kingdom, according to people familiar...
UK Watchdog Proposes Toughening Safeguards Against Illegal Marketing on Social Media July 18, 2023 Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by...
UK Polluters to Face Unlimited Fines to Protect Environment July 12, 2023 Polluters like water or energy companies that befoul UK rivers and seas or spill waste will face unlimited penalties and...
UK Pension Funds Back Next Phase of Post-Brexit Shakeup in City of London July 11, 2023 By Huw Jones Aviva, Legal & General and seven other pension firms intend to invest 50 billion pounds ($64 billion) in unlisted companies...