Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy
Sep 18 2018 // Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of...
Brexit Talks Set to Intensify as EU, UK Seek Final Exit Deal
Sep 17 2018 // Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle a divorce deal for departing Britain within the next two months. EU leaders will get an...
BoE’s Carney Cites China’s Financial System as Risk to Global Financial Stability
Sep 13 2018 // China’s financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial...
Brexit Knocks London Off Its Top Financial Center Perch; New York Benefits
Sep 12 2018 // New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global...
Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
Sep 12 2018 // The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group,...
Randall & Quilter Forms New Unit for U.S., European Program Management Business
Sep 7 2018 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this...
RSA Insurance Opens Luxembourg Office as Part of Brexit Preparations
Sep 5 2018 // RSA Insurance Group has opened its new office in Luxembourg as part of its preparations for the UK’s exit from the European Union. The office, which opened on Sept. 3, will provide a platform for RSA in Europe...
Sompo International Launches Luxembourg-Based Subsidiary SI Insurance (Europe)
Sep 5 2018 // Sompo International Holdings Ltd., a Bermuda-based provider of specialty property and casualty re/insurance, announced the launch of its new subsidiary, SI Insurance (Europe). SI Insurance (Europe) is headquartered in...
Germany Echoes UK Concerns over Post-Brexit Risk to Insurance, Derivative Contracts
Aug 30 2018 // European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany’s top financial regulator. Felix...
UK, EU Officials Drop October Deadline for Brexit Divorce Deal: Sources
Aug 29 2018 // The UK and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They now aim to finalize...
No-Deal Brexit Won’t Be ‘End of the World’: UK Prime Minister
Aug 28 2018 // The U.K. can still make a success of Brexit if it tumbles out of the European Union without a deal, Prime Minister Theresa May said, striking an upbeat tone as the clock ticks down on Britain’s departure from the...
What Will Happen to EU Financial Services Firms After No-Deal Brexit?
Aug 27 2018 // Britain will unilaterally accept some European Union rules and give EU financial services firms continued access to the U.K. market in order to maintain stability if the country crashes out of the bloc without a deal, the...
EU Action Needed to Ensure Post-Brexit Continuity of Cross-Border Insurance: UK
Aug 23 2018 // Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government...
UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report
Aug 21 2018 // In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit,...
No-Deal Brexit: A Lose-Lose for UK and EU Financial Stability
Aug 20 2018 // With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the U.K.’s departure in March would also be bad for the European Union. Such an outcome...
Acrimonious, Disruptive No-Deal Brexit Is Growing Risk, Says Fitch
Aug 17 2018 // Ratings agency Fitch said on Thursday that it saw a growing risk of a bitter and economically damaging Brexit that could lead to a further downgrade of Britain’s sovereign credit rating. “We no longer believe...
Brexit Effect: Number of EU Nationals Working in UK Plunges During Q2
Aug 16 2018 // Further evidence that Brexit is deterring European Union workers emerged in figures published Tuesday [Aug. 14]. The number of EU nationals working in the U.K. in the three months through June plunged by 86,000 from a year...
Amazon Weighs Formation of UK Insurance Comparison Website: Reuters
Aug 16 2018 // Amazon.com Inc is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the...
Risk of ‘Chaotic’ No-Deal Brexit Increasing: UK Foreign Minister Hunt
Aug 15 2018 // The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday. “Everyone needs to...
Moody’s Forms Stockholm Subsidiary to Prepare for Brexit
Aug 14 2018 // Credit ratings agency Moody’s is converting its Stockholm branch into a subsidiary as the sector faces regulatory pressure to have enough staff in the European Union post Brexit. Moody’s, one of the “Big...
