Michael Gove says Truss tax cuts are ‘not Conservative’ October 2, 2022 Michael Gove has savaged Liz Truss and Kwasi Kwarteng’s recent mini-Budget, labelling the debt-funded tax cuts as “not Conservative”. The Tory big beast said the package – which included an abolition of the top 45p band of Income Tax were a “display of the wrong values” and he refused to commit to voting for them [...]
Truss: I should have ‘laid the ground better’ for tax cuts package October 2, 2022 Liz Truss has said she should have “laid the ground better” for her package of debt-funded tax cuts as she refused to rule out public spending cuts. The Prime Minister said “I have learnt from that and I will make sure in the future we will do a better job of laying the ground”, after [...]
Energy bills rise to record highs despite Government support October 1, 2022 Household energy bills have climbed to all-time highs for millions of Brits today, despite a Government cap on costs per unit.
AI in insurance needs to be safe and fair October 1, 2022 Charles Kerrigan and Emre Kasim take a look at the complexities of AI insurance legislation and the use of algorithms and datasets.
Britain’s economic meltdown must be settled by a firm grip and real growth September 30, 2022 To say it’s been a dramatic week in financial markets would be an understatement. The reaction to the government’s so-called “mini-budget” has seen the value of sterling crash and has led to criticism from the IMF and the Federal Reserve and an unprecedented intervention from the Bank of England who have been forced to buy [...]
The Financial Services and Markets Bill – second reading September 29, 2022 Lord Chris Holmes of Richmond explains the government's 335-page Financial Services Bill and what it means for crypto assets.
Economic headwinds risk leaving UK’s small businesses underinsured September 29, 2022 The headwinds facing the UK economy risk leaving small businesses underinsured, Aviva has warned. Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant [...]
Co-op profits hammered as challenges not expected to abate in second half September 29, 2022 Co-op profits have taken a dent in the first half of this year, with bosses describing a “highly challenging economic backdrop.” The retailer posted underlying EBITDA of £218m, with earnings subdued compared to the year prior when Co-op posted £248m for the first half of 2021. With arms spanning grocery, funeral, insurance and legal businesses, Co-op’s [...]
Don’t penalise cash-strapped Brits, FCA warns insurers September 29, 2022 The City watchdog has fired a warning shot at insurance firms today and told them to ensure they are supporting consumers as a cost of living crunch hits.
M&G names former Axa boss Andrea Rossi as CEO September 29, 2022 M&G has appointed Andrea Rossi as its next chief executive and executive director, joining from Boston Consulting Group.