Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods December 2, 2024 Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able...
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...
Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector November 15, 2024 By Sinead Cruise Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said...
London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers November 5, 2024 Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday...
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...
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks October 18, 2024 Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the...
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...
Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh October 11, 2024 Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses...
Fresh Appetite for Risk Can Help Arrest Britain’s Downward Spiral, Think Tank Says October 11, 2024 By Kirstin Ridley Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment...
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...