Majority of British drivers unaware of documents needed for no-deal Brexit October 9, 2019 Millions of British motorists are not aware they may be required to carry an insurance green card to drive in Europe after Brexit. UK citizens driving in the EU will need the card in the case of a no-deal Brexit to prove they have third-party insurance. Read more: Johnson facing cabinet revolt over a possible [...]
Bad debt insurance claims at highest since 2009 June 14, 2019 The number of insurance claims made this year by UK businesses facing bad debts has reached its highest level in ten years, figures published today show. In the first quarter 57 firms every day were helped by trade credit insurers, data from the Association of British Insurers (ABI) show. The high volume of claims is [...]
Carrot or stick? For Aldi and Lidl, equal pay goes hand in hand with commercial success December 13, 2018 Kevin the Carrot, who once again features in Aldi’s Christmas advert, is proving a bigger hit with shoppers than even Elton John, star of the John Lewis ad. Soft-toy versions of the animated vegetable sold out at 4am on the day of release in some areas and have reportedly provoked fights among customers desperate to [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
Bad debt Britain: Credit insurer claims hit highest level since the financial crisis March 16, 2018 Credit insurers are being hit with the highest level of bad debt claims for nine years, a clear indication UK businesses are facing the most challenging trading environment since the financial crisis. More than £4m is being paid out each week, the most since 2009, according to figures released today by the Association of British [...]
Insurance premium tax: Insurers fire shot across Treasury’s bows, urging chancellor Philip Hammond against a further hike November 8, 2017 The UK’s biggest insurance body has called on chancellor Philip Hammond not to “punish” the British public by hiking insurance premium tax (IPT) for the fourth time in two years. The government has doubled IPT to a rate of 12 per cent in less than 18 months, with the most recent two percentage point rise [...]
Q&A: Why are stock markets falling and will it do permanent damage and why is sterling unaffected? February 6, 2018 Investors around the world are feeling the pain of big sell-offs in equity markets as volatility spikes to levels not seen since a flash crash in 2015. The FTSE 100 fell by 1.7 per cent, while European shares on the Stoxx 600 index were down 1.85 per cent at the time of writing. That came [...]
Brewdog considers New York Stock Exchange float in London snub October 19, 2017 Brewdog could snub London to list in the US when the beer business floats. Co-founder James Watt said in an interview with City A.M. that the irreverent Scottish brewery could choose the New York Stock Exchange for an IPO. It follows a push by Brewdog to expand into the US, having built a brewing facility [...]
Treasury select committee chair Nicky Morgan: Insurance sector needs to be given “priority” status in Brexit talks October 27, 2017 Treasury select committee chair Nicky Morgan has called on the government to treat Britain’s insurers as a “priority sector” during Brexit negotiations. The influential group of MPs today publishes a report on the impact of a key European directive that shook up how much capital insurers must hold to cover any losses. Morgan called on [...]
The UK’s construction industry started 2017 on a high February 16, 2017 The UK's construction industry started the year strongly as housebuilding dominated activity. The value of new building contracts rose to £6bn in January, according to analysts Barbour ABI, with London accounting for over a quarter of contract value. The capital was boosted by the One Nine Elms project in Vauxhall, the most valuable development in [...]