UK firms well below EU average for tax roll burden of workers on £30k November 28, 2022 The UK has one of the lowest payroll tax burdens for businesses, with the average cost of employing a worker on £30k being £3,000. A new study by accounting company UHY shows Britain is below the European average, with the cost of keeping a worker in their job being 10 per cent of their salary, [...]
In the money: Moneysupermarket.com revenue swells amid travel return October 18, 2022 Price comparison platform Moneysupermarket.com has continued to see buoyant revenue after the return of summer holidays and business travel. In quarterly results on Tuesday, Moneysupermarket said recent performance had exceeded expectations and its full-year EBITDA would sit “towards the upper end of market expectations”. The London-listed company celebrated revenue of £101.9m, up one third, for [...]
NHS Trusts back out of working with Bupa over unpaid medical bills October 30, 2022 At least two NHS Trusts have reportedly backed out of working with medical insurer Bupa over claims of unpaid bills. The Royal Surrey NHS Foundation Trust has called in lawyers and is threatening court action over £400,000 worth of private patient’s medical bills, which have gone unpaid, The Sunday Times first reported. Oxford University Hospitals [...]
London bar group Enhanced Hospitality claims 650 jobs at risk over insurer’s refusal to pay May 15, 2020 London bar and restaurant chain Enhanced Hospitality has launched legal action against Allianz, claiming that its failure to pay out under business interruption insurance has put 650 jobs at risk. Enhanced Hospitality, which owns Camden live music venue Dingwalls and Soho private members club Blacks, has hired law firm Field Fisher to pursue a claim [...]
Andrew Bailey says ‘no deal’ was done between government and BoE on post-Brexit rules shake-up January 16, 2023 Andrew Bailey, the governor of the Bank of England, said today there was no backhand deal done between the central bank and the government over a post-Brexit shake up of the UK’s financial rules regime. Responding to questions from MPs during a Treasury Committee meeting today, Bailey, 63, said the Bank “did not trade Solvency [...]
Jeremy Hunt invokes Johnson and Osborne after criticism of government’s long-term investment October 25, 2023 The Chancellor Jeremy Hunt was forced to defend the government’s approach to long-term investment today after coming under fire at a meeting of City grandees in the Square Mile.
Britannia Hotels sues Aviva for £6.25m over Aberdeen fire losses October 23, 2022 Britannia Hotels has filed a £6.25m lawsuit against its insurer, Aviva, over claims it is owed millions as a result of the London insurance firm’s refusal to pay out on a claim for losses caused by a fire at its Aberdeen hotel. The hotel group has filed a High Court lawsuit against Britain’s largest insurer [...]
Good news at last for England as bowler is passed fit for Ashes May 23, 2023 England cricket chiefs have received an overdue boost ahead of the Ashes after seam bowler Ollie Robinson was cleared of serious injury. Robinson became the latest England doubt for next month’s series with Australia when he hurt his ankle playing for Sussex last week. But the England and Wales Cricket Board reported on Tuesday that [...]
Bankers might need to disclose their Instagram accounts to the FCA: regulatory expert March 6, 2024 Speaking on Following the Rules podcast, Rob Mason, director at Global Relay and former FCA regulator, explained that the FCA have "absolutely committed" to doing more on non-financial misconduct.
Allianz to take €400m hit after selling majority stake in Russian business June 7, 2022 Allianz has said it will take a €400m hit on its Russia operations, after agreeing to sell a majority stake in the business to the London registered company that owns one of Russia’s major insurance companies. The German insurer has agreed to sell a 50.1 per cent stake in its Russian business to London registered [...]