Great Britain News
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Brexit Finally Dawns, and the European Central Bank Urges Calm
The European Central Bank said it's closely monitoring financial markets and is ready for all contingencies from Brexit, in a statement of reassurance on the eve of Britain's final departure from the ...
EU Claims to Be Ready for No-Deal Brexit on Oct. 31, Despite Undesirability
The European Union said it's ready for the U.K. to leave the bloc without a deal and isn't planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European ...
EU Pushes for Brexit Delay, With Length of Postponement at Issue
The European Union has made no secret that it thinks Prime Minister Theresa May should delay Brexit day. The question is, for how long. May on Tuesday promised the British Parliament a vote on a ...
Conflict Grows in Brexit Negotiations
British trade minister Liam Fox said on Friday Britain would not be blackmailed into agreeing on the cost of leaving the European Union, and urged Brussels to move negotiations on to discuss ...
Brexit Has Officially Begun
Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the cohesion of ...
Lloyd’s Faces Post-Brexit Risks: Fitch Ratings
A British departure from the European Union generally won't harm the country's "resilient" property/casualty insurance sector, though there are some risks in play for Lloyd's members, Fitch Ratings ...
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...