London’s Wolseley restaurant owners take Axa to court over Covid insurance disputes November 20, 2021 Hospitality groups, including the owner of London's Wolseley restaurant, are set to bring lawsuits to Axa insurance over Covid-related losses, according to reports.
Exclusive: More than half of all UK small businesses rely on credit to pay for insurance November 14, 2021 Nearly six in ten small business across the UK rely on credit to pay for their insurance, borrowing on average around £1,832, according to new research that was exclusively shared with City A.M. this weekend. Some 16 per cent of SMEs claim to be using over £3,000 of credit a year to buy their cover, [...]
GDP: Summer spending pushes UK economy growth spurt of 1.3 per cent November 11, 2021 The UK economy grew by 1.3 per cent between July and September, down from 5.5 per cent in the previous three months, the Office for National Statistics (ONS) has said. The quarterly figure has fallen below analyst estimates of 1.5 per cent. The UK’s GDP remains just 0.6 per cent below its pre-pandemic levels after [...]
Financial services in the game, but can’t play alone November 3, 2021 In this the first of a series of reports on the finance sector and greener economies, leading UK based financial and investment experts discuss the vital role the sector can play and the changes needed here and abroad to set it free. Given that the drive to net zero is the planet’s ‘fierce urgency of [...]
Marshmallow: The unicorn that’s anything but fluff October 29, 2021 IT’S NICE to have everybody together again, at least some of the time,” says Oliver Kent-Braham, one of the understated pair at the top of one of Britain’s newest unicorns, as he guides me through their clean, airy and now once-again buzzing Old Street office. Like most companies, the pandemic forced Oliver and his brother [...]
Budget: Millions of Brits to face ‘real pain’ as rising cost of living and taxes will bite October 28, 2021 Rising costs and tax increases will leave tens of millions of Brits worse off, economists said today. Their warning comes as experts are ploughing through yesterday’s Budget. Rishi Sunak had claimed his Budget is a strategy to “usher in a new age of optimism”, but a leading economic think tank warned the public “may not [...]
Budget: Rishi Sunak’s ‘age of optimism’ boosted by higher growth forecast post-Covid October 27, 2021 The Chancellor is planning to strike an upbeat tone as he talks up building a “stronger economy of the future” in his Budget, later today, with the promise of rising wages, cash for the NHS and investment into regional transport projects. Rishi Sunak will hail a “new age of optimism” and he will have more [...]
Sunak to hail Budget as ushering in ‘new post-Covid economy’ but Brits await detail October 27, 2021 Billions of pounds of funding for the NHS and wage rises for millions of workers will make Rishi Sunak hail his Budget as ushering in a “new economy” after the coronavirus pandemic. The Chancellor is to bill his tax and spending plans today as preparing an “economy fit for a new age of optimism” as [...]
Labour puts pressure on Sunak to ease household cost of living pressures in Budget October 26, 2021 Labour has put pressure on Rishi Sunak to do more to ease household cost of living pressures in the autumn Budget as MPs hit out at the Treasury for releasing large parts of tomorrow’s announcement early. Shadow chief secretary to the Treasury Bridget Phillipson today called on the government to cut VAT on energy bills [...]
Credit Suisse delays publishing Greensill failings report a week after police raid October 11, 2021 Credit Suisse has pushed back on publishing a report that details its own failings around the collapse of $10bn of investment funds it ran with Greensill Capital, a week after Swiss police raided its headquarters for related documents. Findings from the probe, which was carried out by Deloitte and Swiss law firm Walder Wyss, had [...]