National Insurance rise may ‘choke off’ investment and recruitment, business leaders warn September 20, 2021 Manufacturers are reporting an increase in business growth but warn the planned rise in National Insurance threatens to “choke off” investment and recruitment. Domestic and export orders have increased in recent months with increased optimism for the year ahead, according to manufacturers’ organisation Make UK. Manufacturing growth is now forecast to be 7.1 per cent [...]
Aviva chief Amanda Blanc tells MPs of ‘appalling’ reports of misogyny in financial sector December 14, 2023 Chief executive of insurance giant Aviva Amanda Blanc has told the Treasury Committee she has heard from "hundreds" of women who have faced misogny while working in the financial sector, as MPs investigate sexism in the Square Mile.
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.
Aviva’s treasure trove: Insurance giant reveals quirkiest claims in its 325-year history October 11, 2021 A husband accidentally cooking his wife’s jewellery, a publican who hurt his leg while ejecting a drunken customer and an elephant squeezed into a van are among the most unusual claims that Aviva has ever dealt with. The insurance giant has trawled through its archives to unearth a “treasure trove” of claims dating back centuries, [...]
Theatres set the stage for state-backed insurance scheme June 13, 2021 Theatre grandees are said to be on the brink of striking a deal with the government for a state-backed insurance scheme enabling performances to go ahead. Top West End figures have an agreement in principle from culture secretary Oliver Dowden for a taxpayer-backed indemnity programme, the Sunday Telegraph reported. The plans have now been passed [...]
Hikes to national insurance funds a level of public services we can’t afford September 15, 2021 The government’s plan to increase National Insurance has sparked the predictable furore. The pressures to raise taxes to pay for the level of public services the electorate have come to expect is hardly new. The welfare state was created immediately after the Second World War. For a time, the financial demands were held in check. [...]
Royal London insurance moves head office to EightyFen in heart of the City August 19, 2021 Mutual life insurance company Royal London has this morning announced it has taken up 55,000 sq ft of office space at 80 Fenchurch Street for its new headquarters in the City. The largest mutual life insurance company in the UK, with assets under management of £153bn, will enjoy panoramic views across London from the top [...]
Lloyd’s of London targeted by eco activists with smoke flares and setting off fire alarms May 25, 2023 Smoke engulfed the entrance to insurance hub Lloyd’s of London today as eco protestors set off fire alarms to disrupt activity over of its alleged links to the fossil fuel industry.
Tax hike: National Insurance increase likely to trigger redundancies once furlough ends September 8, 2021 With the furlough scheme being withdrawn at the end of this month, the increase in National Insurance will make the cost of keeping jobs more expensive for employers, tax experts and accountants told City A.M. today. Yesterday, Brits were told they will be hit with £12bn-a-year tax rises to pay for increases in NHS and [...]
Number 10 prepares for battle over National Insurance rise to fund social care September 5, 2021 Boris Johnson and Rishi Sunak are set to face internal backlash over the pair’s plan to rise National Insurance to pay for NHS rise and social care reform. The pair are expected to unveil the “NHS and Social Care Levy” next week as parliament resumes, which will see employee and employer National Insurance Contributions increase [...]