FCA to rip up insurance rules in drive for growth May 14, 2025 The Financial Conduct Authority has outlined plans to ditch “outdated or duplicated” insurance rules in a bid to help firms reduce costs and drive competition. The City regulator’s fresh proposals would hand firms greater responsibility over reviewing the value of their product. This would involve companies using the risks and characteristics of each individual product [...]
UK jobs markets suffers a fainting fit…will the patient get worse? May 14, 2025 We now know that since the start of the year the number of payrolled employees in the UK has fallen by around 100,000 – adding to the emerging narrative that when it comes to employment, things are going in the wrong direction. Fewer people employed, fewer vacancies and fewer jobs likely to be created. The [...]
Starmer’s trade deal triumphs fail to impress UK voters May 13, 2025 With Sir Keir Starmer’s approval ratings languishing below those of both the Reform UK and Conservative leaders, Downing Street would have hoped that signing trade deals with India and the US last week could have turned the dial on the PM’s unpopularity. However, despite the diplomatic coups voters appeared unmoved by Starmer’s success on the world [...]
Treasury pushes captive insurance decision into late summer May 13, 2025 The Treasury will publish the outcome of the captive insurance consultation later this summer, City AM understands
Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions May 13, 2025 One of the top private schools in the UK is “taking stock” as it warns Chancellor Rachel Reeves’ tax hikes will cost it millions. Gresham’s School, whose former students include Sir James Dyson – who donated £35m in 2023 – added it will have to now take action to make sure it “does not become [...]
Employment levels slump as Reeves’ taxes bite May 13, 2025 Employment levels deteriorated in March, official data has suggested, in signs that Chancellor Rachel Reeves’ £20bn tax raid on employers has squeezed firms’ profits. Figures released by the Office for National Statistics (ONS) revealed that the number of payrolled employees fell by 53,000 over the first three months of the year. The early estimate of [...]
Papa Johns boss brands rising costs a ‘perfect storm of difficulty’ May 13, 2025 The UK boss of pizza chain Papa Johns has branded the rising costs his business is facing as a result of"perfect storm of difficulty".
Interest rates may stay higher for longer says Bank of England May 12, 2025 Several members on the Bank of England’s Monetary Policy Committee have warned that sticky inflation could stall further interest rate cuts this year in marked contrast to current analyst expectations. Bank policymakers voted to lower interest rates to 4.25 per cent last week. Two MPC members voted for a 50 basis point cut, and another couple [...]
Clowns vs the council: Inside the regulation spat threatening Covent Garden’s street performers May 12, 2025 As Covent Garden's street performers celebrate 50 years of clowning on the cobbles, Anna Moloney asks why they're worried about their future.
Decoding the reinsurance landscape May 12, 2025 In the world of global reinsurance, navigating the currents of change demands a steady hand and a visionary outlook. Anshuman Srivastava, the deputy head of Aon Capital Partners at Aon has nearly two decades at the firm under his belt. Forming the lion’s share of his impressive industry tenure, Srivastava’s perspective is both deeply rooted [...]