Politics
Queen backs independent fiscal agency
The Queen's speech 2010 has outlined addressing the budget deficit as the key issue for the coming year, with the formation of a new ‘Office for Budget Responsibility’ seen as a measure to address the UK’s £6bn deficit.
Deficit will be cut through ‘reduced spending not increased taxes’
In her speech to mark the state opening of Parliament, the Queen has said that “dealing with the deficit and continuing to ensure the economic recovery is the most urgent issue facing Britain”.
Government outlines Bank of England intentions
The coalition government has introduced a bill to increase the power of the Bank of England as part of the Queen’s Speech.
CCIR praises EU for blasting US reinsurance tax proposals
The Coalition for Competitive Insurance Rates (CCIR) has commended the European Union for "speaking out against a controversial tax proposal” on affiliated reinsurance included in President Obama's 2011 budget proposal.
No clarification for insurers as banking reform announced
The coalition government has confirmed it will reform the regulation of the banking system, but failed to mention regulation of insurers in its programme for government published today.
Ex-Aviva public affairs head urges Tory colleagues not to scrap IIWG
The former head of public affairs at Aviva and new Conservative MP Tracey Crouch, believes the Insurance Industry Working Group report should not simply be scrapped because of a change of government.
The claimant's view: A fairer, better Britain
We welcome the new government's commitment to a compassionate society, one that values fairness and responsibility and the pledge by David Cameron to look after the frail, the elderly and the poorest in society.
Uncharted waters lie ahead in a sea of change
As we enter the uncharted political waters of a coalition government, it is perhaps worth noting that the current uncertainty is really nothing more than the continuance of a process of change that has been going on for well over two years, to which some…
Confusion over FSA prompts calls for government rethink
The insurance industry has called on the government to review its regulatory proposals, after plans to scrap the Financial Services Authority were thrown into confusion.
Broker turned MP slams former Labour regime as a "nightmare"
Former insurance broker and new Conservative MP Andrew Stephenson has described being an intermediary under the Labour government as a "nightmare".
BIBA 2010: Galbraith calls on government to introduce the "right legislation"
The British Insurance Brokers’ Association is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Cable creates Business Advisory Group
Business secretary Vince Cable has created a group of experts top help advise the government on business and economic policy.
Chancellor confirms 22 June Budget
An emergency Budget will be held on Tuesday 22 June, the Chancellor announced today.
Hoban's role in new Treasury team confirmed
The new Chancellor of the Exchequer George Osborne has named his Treasury team.
Spelman named Defra secretary
Prime minister David Cameron has appointed Caroline Spelman as secretary of state for environment, food and rural affairs.
Risk management: Understanding risk
The difference between insurers and banks is being increasingly ignored and Adrian Brown says this is making risk management even more important.
Election result raises concerns over insurance reforms
The lack of a clear election result has raised concerns of delays to much-needed insurance industry reform and thrown existing initiatives into doubt.
PM Brown announces he will stand down
Gordon Brown has announced that he intends to stand down as Prime Minister and leader of the Labour Party by the time of the Labour Party Conference in the Autumn.
Business leaders call for swift election outcome
The Confederation of British Industry and the Federation of Small Businesses have called for a speedy resolution to the hung parliament.
Post in print - 06 May 2010
Post news editor Mairi MacDonald provides a quick overview of this week's news, which includes, problems for the new government as it faces rehab lobby over lack of plans; Fortis and RBSI hailing the RTA portal link up success; Coverzones shutting shop…
The TV leader's debate on the economy - who won?
Last night the three main political leader's debated the economy live on the BBC.
Election 2010 - who do you think has performed the best?
With the last televised leader's debate tonight which of the three main political leaders do you think has performed best in the run up to the election?
Geneva Association opposes IMF proposal
Insurance think tank, The Geneva Association has issued a letter to the Central Bank Governors of the G20 in which it claims the financial stability tax proposal of the International Monetary Fund fails to adequately address the distinct nature of the…
Editor's comment: Could the UK be hung out to dry on 6 May?
As election day draws closer, a hung Parliament is becoming an increasingly likely scenario. Despite the efforts of the two traditional major parties and some media outlets, it appears the Liberal Democrats — barring a major disaster — are about to have…