Trump’s tariffs set to drive UK insurance coverage costs up April 4, 2025 After the US slapped several of the world's largest economies with tariffs, the insurance market in the UK prepares for increased costs.
How will Trump’s tariffs impact the UK economy? April 3, 2025 The US president holds up a sandwich board in the Rose Garden. On it is a list of countries. Next to each country are two columns: one for “tariffs charged to the USA” and one for “USA Discounted Reciprocal Tariffs”. The leader of the free world is cooking up a storm. “Our country has been [...]
‘Awful April’ price hikes will cause ‘inflation surge’ April 1, 2025 Sweeping price hikes coming into effect from Tuesday are set to push up inflation, a leading economics consultancy has said, as what many have called ‘Awful April’ is set to put an extra burden on businesses’ costs. Higher costs in everything from water to energy will contribute to a rise in inflation that peaks at [...]
Compare The Market: Higher premiums help profit pass £200m April 1, 2025 Compare The Market increased its revenue by almost £100m thanks to higher insurance premiums leading to more customers switching providers. The Peterborough-headquartered company has reported a revenue of £563.7m for the year to 30 June, 2024. The figure comes after the comparison site posted sales of £467.5m in its prior financial year. New accounts for [...]
Business leaders ‘remain depressed’ as employment costs spiral April 1, 2025 Business leaders remain disheartened about their organisations and the wider UK economy amid an escalating global trade war and higher employment costs, according to a new survey of over 600 directors. Confidence among company directors collapsed after Labour took office last year. Now the Institute of Directors (IoD)’s latest update to its monthly survey suggests [...]
Motor finance: Insurance industry nervously watches legal battle March 31, 2025 As the lenders brace for the start of a high-profile legal battle on Tuesday, the insurance industry lurks in the sidelines
Question the hype: AI still faces huge barriers February 27, 2025 AI models have developed at a pace that was unimaginable just two years ago, but there are three big barriers to further progress, says Lewis Z Liu As the current revolution in artificial intelligence accelerates, it is more important than ever for society to engage in a well-informed debate about this technology. Through this column, [...]
Cadillac Formula 1 team to follow Chelsea blueprint, say owners February 25, 2025 The Cadillac Formula 1 team will “apply the same transformative growth mindset” seen at sister outfit Chelsea FC as they gear up for their historic entry to the grid next year. Cadillac F1 are majority owned by TWG Global, the investment vehicle of Chelsea part-owner Mark Walter, a long-time business partner of the club’s chairman [...]
Ex-Lloyds executive wants to ‘fintech’ mortgages February 21, 2025 A former Lloyds executive wants to accelerate the mortgage process by bringing AI into the mix. Stuart Cheetham worked at Lloyds bank for over a decade, spanning senior roles across Asia. He was chief executive in Hong Kong and managing director in Japan. However, since departing the Big Four bank, Cheetham founded his own company [...]
Vitality: Health and life insurer slips into the red despite £100m sales boost February 19, 2025 Health and life insurer Vitality slipped into the red despite its revenue surging by almost £100m during its latest financial year, it has been revealed. The London-headquartered group has posted a loss before income tax of £168,000 for the 12 months to 30 June, 2024, after having achieved a profit of £37.9m in the prior [...]