Latest Uk Headlines

All the headlines from our Uk Topic Page, ordered by recency.

UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit

Sep 25 2018 // The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit.Labour’s Brexit spokesman...

Brexit Divorce Stalemate: EU Leaders Reject UK Blueprint as Deadline Looms

Sep 21 2018 // Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal.A two-day summit in...

UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters

Sep 20 2018 // Britain’s finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from...

Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit

Sep 19 2018 // A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market...

UK Cryptocurrency Market Similar to ‘Wild West’ and Should Be Regulated: Lawmakers

Sep 19 2018 // Britain’s cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking...

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...