Britons, your country needs you. It’s time to take out your wallet and spend January 20, 2022 What stupid purchases have you made since Covid-19 arrived on these shores? Perhaps you bought a hot tub, some garden furniture or even a new shed. Perhaps you are more frugal minded, opting instead to squirrel away cash that would have otherwise been spent in the pub into your savings account. If you are the [...]
Rishi Sunak’s proximity to Johnson shot him to stardom but it could be his undoing January 20, 2022 Theresa May had a light smile on her lips as she expressed gratitude for the aviation industry and pressed the Prime Minister on his plans to drop testing rules for international travel. The one time Prime Minister was not the only Tory MP grateful for the joy of flight: Liz Truss, the Foreign Secretary, and [...]
Furlough fraud exposes the shortcomings of doling out endless amounts of cash January 20, 2022 Outrage has erupted over the news that £5.8bn has been “criminally siphoned off” the emergency Covid-19 schemes that propped up millions of workers and paid for us to eat on the cheap. The very same folk who complained ministers weren’t acting fast enough to provide support, rejecting warnings that furlough was excessively generous, are now [...]
British insurer drops “energetic” and “enthusiastic” from job ads to attract older employees January 19, 2022 One of Britain’s biggest insurers is set to stop using the words “enthusiastic” and “energetic” in job adverts, so as not to deter old people from making applications. Phoenix Group, which owns insurance company Standard Life, will also use “age-diverse” imagery in its postings to increase “the likelihood of older applicants applying.” The plans come [...]
Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules January 19, 2022 A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]
FCA prepares to turn screws on crypto advertising January 19, 2022 The UK's financial watchdog has said it is preparing to toughen up advertising rules for high-risk investments including crypto.
Lloyd’s of London weighs up leaving iconic headquarters January 19, 2022 Lloyd’s of London is considering leaving its iconic headquarters as it seeks out ways to adapt to shifts in working habits brought about by digitalisation of its business and Covid-19. In an email to City AM, a Lloyd’s of London spokesperson said: “As we adapt to new structures and flexible ways of working, we are [...]
Zego eyes up European insurance market as it rolls out expansion plans January 19, 2022 Zego has announced plans to expand into the Netherlands and ramp up its operations in France as it looks to take on a bigger slice of the European insurance market.
Cancel the tax hike – inflation is biting into the recovery enough already January 18, 2022 ASK ANYBODY in and around Westminster what the ‘story of 2022’ will be and it’s hardly surprising that most point not to Downing Street parties or the pandemic but the cost of living. The Tories are acutely aware of the pain coming down the road – Labour keen to capitalise. Well, it’s already the story [...]
Industry experts welcome UK crackdown on crypto adverts January 18, 2022 Crypto companies and legal experts have welcomed news that the UK government will crackdown on advertisements for digital assets.