Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Britain Says Global Accounting Rules Are Crimping UK Economy
Feb 22 2023 // A central plank of global accounting rules has become a “performance penalty” which holds back investment in Britain, its financial services minister Andrew Griffith said on Tuesday. So-called mark-to-market,...
Post-Brexit Insurance Reform Expected Before December: BoE’s Woods
Feb 21 2023 // The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a “very good sense” of the changes would...
UK Government Seeks to Speed Up Post-Brexit Insurance Reforms
Feb 10 2023 // The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121 billion) of capital for investment, after months of clashes over the plans and frustration about the...
Britain’s Finance Ministry Issues Draft Rules to Regulate Cryptoassets
Feb 2 2023 // Britain’s finance ministry laid out its first set of rules to regulate cryptoassets on Wednesday, saying ongoing turbulence in the sector and the collapse of exchange FTX highlighted risks that need...
Britain Sounds Alarm on Russia-Based Hacking Group
Jan 26 2023 // A Russia-based hacking group named Cold River is behind an expansive and ongoing information-gathering campaign that has struck various targets in government, politics, academia, defense, journalism, and activism, Britain...
UK Insurers Fear That Promised Brexit Capital Reforms Will Be Derailed
Jan 23 2023 // Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations have come fears that regulators could nudge the changes in a more cautious...
Britain’s Royal Mail Faces Severe Disruption to Export Services After ‘Cyber Incident’
Jan 12 2023 // Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident.” “We are temporarily unable to despatch...
Britain’s Satellite Launch Fails, but Virgin Orbit Expected to Try Again
Jan 11 2023 // NEWQUAY, England – Britain’s hopes of becoming a prime launch site for small satellites remain intact despite the failure of what would have been the first launch into orbit from western Europe, business minister...
UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’
Dec 12 2022 // The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of the “Big Bang” that politicians were promising earlier this year and is unlikely to deliver the dramatic...
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...
Is Britain Starting to Have Second Thoughts About Brexit?
Nov 23 2022 // Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules
Nov 17 2022 // The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European...
Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules
Nov 17 2022 // Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central...
Britain’s Financial Services Execs Hope Sunak Can Steady the Ship After Market Chaos
Oct 26 2022 // After seven weeks in which Britain’s reputation for financial credibility has been rocked by political missteps, senior finance executives have given new prime minister Rishi Sunak a cautious welcome. Sunak is a...
Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report
Oct 19 2022 // Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according to Ireland’s Economic and Social Research Institute. Trade from UK to the...
UK Market Turmoil Threatens Plans for Post-Brexit Reforms for Insurers
Oct 6 2022 // Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such...
Britain Lifts Ban on Gas Fracking in England in Push for Energy Independence
Sep 22 2022 // Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying strengthening the country’s energy supply was an “absolute priority.” Energy...
Britain Proposes Reforms for Insuring Apartment Blocks After Deadly Grenfell Tower Fire
Sep 21 2022 // Britain’s financial watchdog has proposed reforming how apartment blocks are insured after the deaths of 72 people in the Grenfell Tower fire in London led to rocketing premiums on policies. The Financial Conduct...
Britain’s Haleon Rejects Potential Zantac Liabilities in U.S.
Sep 21 2022 // Haleon believes it is not liable for any claims that may arise from U.S. litigation over the heartburn drug Zantac, the London-listed company’s CEO Brian McNamara told Reuters on Tuesday. More than 2,000 legal cases...
