Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
U.K. Financial Firms Paid $91B in Annual Tax: City of London Report
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
UK Financial Firms Look to Dublin as EU Base After Brexit Vote: Irish Minister
Nov 28 2016 // Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licenses in Dublin by early next year, Ireland’s financial services minister said on...
Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
Nov 23 2016 // Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds...
AIG May Move Europe HQ from London to Another EU Country on Brexit
Nov 22 2016 // U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry...
With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers
Nov 17 2016 // Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the...
UK Insurers & Banks Make Contingency Plans for ‘Hard Brexit’: BofE’s Carney
Nov 15 2016 // Banks based in Britain may start to relocate activities to other countries about 1-1/2 years before a British departure from the European Union if a “hard Brexit” looks likely, Bank of England Governor Mark...
Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft
Nov 9 2016 // Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a...
Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency
Nov 8 2016 // Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National...
UK Court Says Parliamentary Approval Needed for Brexit; Government to Appeal
Nov 3 2016 // England’s High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, upsetting Prime Minister Theresa May’s Brexit plans. The...
UK to Boost Cyber Security Defenses with £1.9B Investment
Nov 1 2016 // Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said. The new...
Financial Services Firms Likely to Flee Britain If ‘Passport’ Regulations Lost ECB’s Lane
Oct 31 2016 // There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member...
Northern Ireland Can’t Block Britain’s Brexit: Court
Oct 31 2016 // Northern Ireland’s High Court on Friday rejected an attempt to block Britain’s exit from the European Union, saying that neither the province’s parliament nor its laws could override a decision by the...
UK Uber Drivers’ Court Victory Over Pay Could Rejigger Gig Economy
Oct 31 2016 // Uber Technologies Inc. lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy. Three London...
Pennsylvania Based NSM Insurance Group Makes First International Acquisition
Oct 26 2016 // NSM Insurance Group, a Conshohocken, Penn., based insurance program administrator, has acquired Vantage Holdings, a U.K.-based collector car and outdoor leisure program administrator. The acquisition is subject to FCA...
UK Employers Downbeat About Economy, Hiring After Brexit Vote: Poll
Oct 26 2016 // The number of British firms that are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a...
U.S. Says Trade Talks with Britain Not Possible Until Brexit Resolved
Oct 17 2016 // Britain needs to sort out its relationship with the European Union before it can begin to talk to the United States about any post-Brexit trade deal, U.S. Trade Representative Michael Froman said in Geneva on...
UK Banks Reluctant to Report Extent of Relentless Cyber Attacks
Oct 14 2016 // Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
London’s Mayor Khan Warns Exiting EU Could Make UK Poorer
Oct 12 2016 // London Mayor Sadiq Khan told business leaders that he’ll fight any attempt to take the U.K. out of the European Union’s single market, a move he says could make Britain poorer. “If we were to leave the...
