NHS delays have created Britain’s newest boom industry: private healthcare December 6, 2023 The number of private healthcare treatments shot up again in the first half of the year, driven by NHS waiting lists getting longer
Legal industry regulators under the scope at justice select committee December 6, 2023 The regulator of the legal sector was under the microscope Tuesday at a House of Commons justice select committee, over potential industry payouts over Axiom Ince. Solicitors Regulation Authority (SRA) chair Anna Bradley and chief executive Paul Philip were amongst those called to give evidence on the regulation of the legal profession and whether existing [...]
UK’s biggest firms responsible for 10 per cent of entire Treasury take last year December 5, 2023 Tax contributions from the UK's biggest firms edged towards the £100bn mark in the last financial year
Insurance chiefs on way out after Lloyd’s investigation of ‘non-financial misconduct’ December 4, 2023 The CEO of CFC Group and the CEO of CFC Underwriting are leaving the company after an investigation by Lloyd’s into allegations of non-financial misconduct
Twelve Capital: Committed To A Sustainable Future December 4, 2023 Twelve Capital is one of the largest independent investment managers in the insurance-linked securities space. The company pride themselves on their client-centric approach, saying their focus is on delivering best in class results – through collaboration and innovation. Twelve Capital’s investment expertise covers the entire balance sheet, including Insurance Debt, Insurance-Linked Securities and Equity. In [...]
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 [...]
Rishi Sunak: My tax cuts are ‘clear dividing line’ with Labour December 4, 2023 The Prime Minister said the UK economy had “turned a corner” and that further tax cuts, following measures in last month’s Autumn Statement, were the “direction of travel”. Speaking to journalists en route to the COP28 climate summit in Dubai, Sunak was quizzed on the date of the next election, the contents of the Tory [...]
Use strength in services to break UK’s low growth trap, think tank urges December 4, 2023 The UK needs to capitalise on its position as a "services superpower" to help break its "toxic combination" of low growth and high inequality, a top think tank has warned.
Our financial services sector has failed to keep up with the change in digital banking December 4, 2023 Technological advances can only get us so far without the equivalent skills - it's time to close the gap, writes Michael Mainelli
Insurer Aspen eyeing up New York for potential $4bn float December 3, 2023 Insurer Aspen is eyeing up a listing in New York even though the majority of its operations are in the UK, according to a report, due to concerns around UK valuations and stricter listing requirements. Were it to go ahead with a US listing, the $4bn (£3.15bn) initial public offering (IPO), expected next year, would deal a [...]