IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
Tax from UK’s financial sector pays for the country’s entire education budget May 21, 2024 "Financial and related professional services are a significant and consistent source of tax revenue for the government," Miles Celic, chief executive at TheCityUK, said.
Insurer Howden launches cyber platform to tackle coverage gaps in SME market May 21, 2024 Howden has revealed it has launched a cyber insurance platform for SME as majority of this sector lacks this type of coverage
Tax rises are coming and these are the ones to look out for May 21, 2024 Unless the next government rips up the fiscal rules it’s going to have to raise taxes, so it pays to think about where the extra money might actually come from, says Tim Sarson Last September I wrote about how our Government and its peers around the world are running out of money as they face [...]
Post Office cratered from UK’s sixth most trusted finance brand to 135th amid Horizon scandal May 20, 2024 The Post Office has plummeted from the UK’s sixth most trusted finance and insurance brand to 135th place, pollsters have found.
British terrorism reinsurer warns extremists are ‘actively experimenting’ with AI to carry out attacks May 20, 2024 Terrorism sympathisers have recently begun using AI to create optical illusions as one method of distributing propaganda, the report said.
If you look past the headlines London is charging ahead May 20, 2024 While the headlines are dominated by a steady trickle of takeovers stripping the London Stock Exchange, money is flooding into the capital elsewhere.
Capital markets, climate change and AI will profoundly alter financial services May 20, 2024 Addressing the biggest challenges facing the economy will not only bolster the City’s offering, but will contribute to broader questions of growth and productivity, says Chris Hayward City Week is back! Today, the 14th edition of City Week begins and Guildhall’s doors will open to over 1,000 international delegates. This year, our focus is four [...]
Record numbers working in the City’s insurance market May 19, 2024 Job numbers in the City's insurance market are at their highest level for at least a decade, according to data from an industry body.