Latest Uk Headlines

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

UK Supermarket Group Tesco Faces Potential Equal Pay Claims of Up to $5.6B

Feb 7 2018 // Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) in a record equal pay claim involving mainly women workers at its British stores, according to the law firm pursuing the case.If...

UK Businesses Issue ‘Urgent Appeal’ for More Clarity on Brexit Blueprint

Feb 7 2018 // UK Plc issued an “urgent appeal” to Prime Minister Theresa May to get off the fence on Brexit or risk serious damage to business.The British Chambers of Commerce warned in an open letter that there is “no...

Brexit Transitional Deal Needed by End of March, Says FCA’s Bailey

Feb 6 2018 // The head of the U.K. Financial Conduct Authority added urgency to Brexit negotiations by saying European governments must reach a transitional agreement for financial services by the end of March to avoid the risks...

EU Will Not Offer Post-Brexit Passporting for UK Insurers, Banks: Diplomats

Jan 31 2018 // European Union negotiators see no room for discussion with Britain on maintaining “passport” access to EU financial markets for its banks after Brexit, but they are willing to look at free trade in the sector,...

Leaked Analysis Paints Gloomy Post-Brexit Picture for UK: BuzzFeed Report

Jan 30 2018 // Britain’s economy will be worse off after Brexit whether it leaves the EU with a free trade deal, with single market access, or with no deal at all, according to a government analysis leaked to BuzzFeed News.The...

Update: UK Boards Begin to Use Their Clout to Push for Diversity & Inclusion

Jan 29 2018 // When the co-founder of a London communications group was invited to pitch for business with a Wall Street firm last November, the offer came with an unusual demand.The document explained that 15 percent of the scorecard...

Bloomberg Interview with Lloyd’s CEO Beale in Davos: Economic Outlook, Asia Growth, Cyber, Brexit and More

Jan 26 2018 // Lloyd’s of London, the world’s oldest insurance market, is experiencing year-on-year growth of 100 percent in some of its Asian markets, where growing economies are fueling demand for cover from the...

UK Government Hit for Failing to Publish Brexit Position Paper on Financial Services

Jan 23 2018 // Business leaders have criticized Britain’s government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit.Senior financiers say they were told after the...

London Market’s Priorities in 2018 Are Regulation, Brexit, Modernization: IUA

Jan 22 2018 // Regulatory developments, such as the EU’s new data protection law, will dominate priorities for the London company insurance market in 2018, according to the International Underwriting Association in its annual...

Luxembourg Sees No Reason to Change EU ‘Delegation’ Rules After Brexit

Jan 22 2018 // Luxembourg’s finance minister Pierre Gramegna said on Friday the European Commission should stick to the current rules that allow funds managed in London to be domiciled and regulated in another country.His comments...

London’s Brexit-Related Job Losses Will Be Fewer Than 1st Feared: Policy Chief

Jan 19 2018 // Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU...

EU Will Reap Benefits of London Staying Strong Financial Hub After Brexit: Opinion

Jan 17 2018 // Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much...

Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services

Jan 16 2018 // A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year.EU trade negotiator Michel Barnier has...

CNA Hardy Names Middleton as CEO of Post-Brexit EU HQ in Luxembourg

Jan 12 2018 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Stuart Middleton as CEO of its Luxembourg subsidiary, subject to regulatory approval.The company...

Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study

Jan 11 2018 // What would happen if the U.K. leaves the European Union in March 2019 with no deal on the single market, customs union or transition arrangements? London Mayor Sadiq Khan commissioned a study and the answer was half a...

UK Prime Minister to Meet Finance Heads to Discuss Brexit’s Threat to London

Jan 10 2018 // Britain’s Prime Minister Theresa May will meet executives from major finance companies on Thursday to give them a clearer idea of what Britain’s European Union exit will mean for them.There are concerns that...

UK Names Former Accenture Exec to Oversee London Financial Services Industry

Jan 10 2018 // Prime Minister Theresa May has appointed a former management consultant John Glen as the new City minister to oversee a financial services sector facing upheaval as Britain prepares to leave the European Union.Glen, whose...

London’s Brexit-Related Job Losses May Not Be as High as Initially Feared

Jan 8 2018 // British banking, insurance and asset management job losses to the European Union due to Brexit might not be as heavy as initially feared, the City of London financial district said on Monday.Jeremy Browne, the city’s...

Most UK Tories Oppose 2nd Brexit Vote; 78% of Labour Would Support It

Jan 5 2018 // The overwhelming majority of members of Prime Minister Theresa May’s Conservative Party don’t want there to be a second referendum on Britain’s EU membership, according to a survey published Thursday. For...

Factbox: Growing List of Insurers Make Brexit Plans for EU Subsidiaries

Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit:ADMIRAL. British motor insurer Admiral Group said last year that it could...