Chancellor unsure if Government can afford to announce new tax cuts January 6, 2024 Chancellor Jeremy Hunt has said he does not know if he can afford to cut taxes for British households as a national insurance reduction came into force on Saturday. Hunt said he wanted to further ease a tax burden which is expected to rise to the highest since the Second World War before the end [...]
Storm Henk will spike insurance claims this time, but extreme weather events require longer-term thinking January 5, 2024 Storm Henk will undoubtedly cause a spike in insurance claims, but response to rising extreme weather events require a new approach going forward, experts have warned. The storm that battled the UK this week has caused flooding, damaged property and delays to travel as a result of rain and winds up to 80mph. This will [...]
PM urged public to focus on a brighter future in New Years message as election looms December 30, 2023 Rishi Sunak has said the UK should “look forward with pride and optimism” to 2024 in a message to the nation ahead of an election year. The Prime Minister urged the public to focus on the promise of a “brighter future” as he highlighted an upcoming cut to national insurance as an example of change [...]
Government profits from surging insurance costs as tax on policies soars December 21, 2023 HMRC tax receipts for the first two-thirds of the 2023-24 financial year showed that £6bn was collected in IPT. This was an 11 per cent jump on the £5.5bn raised over the same period last year.
The Notebook: What I want for Christmas? Politicians to stop tweeting December 12, 2023 City A.M. comment writer Anna Moloney talks Twitter politics, crime at Christmas and Madonna's Celebration Tour.
US-UK special relationship? It’s London and New York firms keeping it alive December 11, 2023 London and New York are twin pillars of the global financial system, we gain everything from helping each other, writes Chris Hayward.
Insuring electric vehicles is hugely expensive – and that might not change soon December 8, 2023 Insurers are facing a major dilemma over how to handle the huge cost of covering electric vehicles (EVs). Are they doing enough?
UK motor insurers break payout records as the sector battles rising cost December 4, 2023 Insurance companies have paid out £2.5bn in motor insurance claims in the third quarter of the year, which was a 21 per cent jump on the same period last year. Over the third quarter of 2023, UK insurers have issued the highest quarterly payout since the Association of British Insurers (ABI) began collecting this data [...]
Sexism in the City: London investment and insurance firms still struggling with gender pay gap, MPs told November 15, 2023 The financial sector continues to struggle with a gender pay gap and lack of female representation at senior levels, trade body representatives have told MPs
FTSE 100 close: Gilt yields fall and sterling dips after Pill’s rate cut comments November 7, 2023 The biggest riser on the top index was Primark owner Associated British Foods, which reported revenues up by almost £20bn