Hopes that the uncertainty that has surrounded the UK’s departure from the European Union for almost five years will now abate for the City of London and the UK’s financial services sector have already started to fade.
There is joke doing the rounds on social media that says thanks for the trial subscription to 2021 but I would rather cancel it. As the world reels from the second wave of Covid-19 and we are all locked down once again that is an understandable sentiment.
The European Insurance and Occupational Pensions Authority (EIOPA) has issued its toughest warning yet to insurers to adjust their investment portfolios in order to mitigate the risks posed by climate change.
With UK government borrowing higher than at any time outside of wartime, the Chancellor will have to move to cut the deficit: the question is when and how, says Carl Emmerson, deputy director of the Institute for Fiscal Studies.
