UK banks face higher profit levy under Healey's Budget
According to BBC, the government has increased the bank profit surcharge to 6% to help finance energy bill support for households.
BBC BusinessEdition · 2026-10-28
Earlier developments, kept in their dated editions. Nothing here is presented as today’s news.
Reports from the earlier publishing system are retained with their recorded dates and a legacy verification notice. They have not been re-certified under the new controls.
49 reports
Budget outlines minimum wage rises and savings changes for young adults
According to BBC, the government has confirmed a 3.9% minimum wage increase for 18 to 20-year-olds alongside plans for a new First Time Buyer Isa.
BBC BusinessChancellor John Healey delivers steady-as-she-goes maiden budget
According to The Guardian, the chancellor has raised taxes modestly and kept deficit plans on track while postponing tough spending decisions to next year.
The Guardian MoneyBudget 2026: impact on personal finance, mortgages and tax thresholds
According to The Guardian, a breakdown of how the chancellor’s measures on tax, benefits, pensions and allowances affect personal finances across different household incomes.
The Guardian MoneyUK banks face temporary corporation tax surcharge rise to 6% under Budget 2026
According to The Guardian, chancellor John Healey has announced a temporary increase in the bank corporation tax surcharge, raising it from 3% to 6% for a 15-month period.
The Guardian MoneyJD Power study shows total loss auto claims weigh on customer satisfaction
According to Insurance Journal, uS customer satisfaction with total loss claims declined for a third consecutive year, while repairable vehicle claims improved.
Insurance JournalLawsuit challenges New York state lower minimum wage for tipped workers
According to Insurance Journal, three former Chili's employees have filed a proposed class action lawsuit in federal court challenging New York's sub-minimum wage for tipped workers.
Insurance JournalChancellor John Healey delivers first UK budget with temporary bank tax rise
According to The Guardian, john Healey has presented his first budget as chancellor, featuring a temporary increase in bank levies alongside cost-of-living and energy measures.
The GuardianSpanish high-speed train collision kills at least 64 people south of Madrid
According to Insurance Journal, a high-speed rail service operated by Renfe collided with an Iryo train south of Madrid, resulting in at least 64 deaths and interrupting key transit lines.
Insurance JournalDutch government plans AI-led efficiency drive to cut civil service jobs
According to Insurance Journal, the Netherlands aims to reduce civil servant headcount by 15% to save 3.5 billion euros annually by 2035, prompting international comparisons.
Insurance JournalBlack lung disease reaches 50-year high among US coal miners as claims climb
According to Insurance Journal, a recent report highlights that black lung disease has hit a 50-year high in Central Appalachia, coinciding with steady growth in federal workers' compensation claims and benefit payments.
Insurance JournalAspire promotes Adams and Hughes to product management leadership roles
According to Insurance Journal, california-based Aspire has announced two internal promotions within its product management team.
Insurance JournalSouth Korean financial firms face second wave of cyberattacks
According to Insurance Journal, major South Korean investment companies and brokerages report unauthorized access, renewing concerns over financial system vulnerabilities.
Insurance JournalGovernment to remove two-year tax rule on lump sum death benefits in Budget 26
According to Professional Pensions, the UK government will scrap the rule taxing pension death benefits paid more than two years after a member's death, effective from 28 October 2026.
Professional PensionsFinancial sector gives mixed reaction to Budget 2026 tax and spending measures
According to Investment Week, fund managers and analysts have responded cautiously to Chancellor John Healey’s first Budget, welcoming the retention of the cash Isa allowance while criticising hikes to bank and savings taxes.
Investment WeekBiba welcomes IPT freeze in Budget but calls for long-term reduction
According to Insurance Age, the British Insurance Brokers’ Association has welcomed the Chancellor’s decision to leave the insurance premium tax rate untouched, but urged the government to commit to a freeze.
Insurance AgeGlobal mining insurance capacity grows, but supply chain and cyber risks rise
According to Insurance Business, willis reports record mining insurance capacity and rate reductions, warning that risks like critical mineral supply chains and operational cyber threats are becoming increasingly interconnected.
Insurance Business UKGovernment announces £100 winter energy payment for England
According to BBC, up to 20 million households in England will receive a £100 payment funded by a temporary rise in the bank corporation tax surcharge.
BBC BusinessBudget 2026: Energy payments, Isa rules and minimum wage changes announced
According to BBC, chancellor John Healey has delivered his maiden Budget, introducing household energy payments funded by a bank tax rise, scrapping planned cash Isa cuts, and lifting the minimum wage.
BBC BusinessMGAA highlights regulatory updates on financial crime, SMCR and AI
The Managing General Agents Association has issued guidance following recent publications from the FCA and PRA covering financial crime controls, proposed SMCR reforms and artificial intelligence good practice.
Managing General Agents AssociationChancellor abolishes gas standing charges in shift to unit-rate pricing
HM Treasury confirms the removal of household gas standing charges for around 23 million homes, shifting fixed costs to unit rates.
HM TreasuryPwC confirms cyber incident affecting third-party vendor hosting employee learning data
According to Insurance Journal, professional services firm PwC states that a cybersecurity incident involved a third-party site hosting employee learning records.
Insurance JournalAhead of first budget, Chancellor John Healey faces spending pressures and bank levy proposals
The Guardian reports on expected measures in John Healey's upcoming budget, including potential bank levies and support for household energy costs.
The Guardian BusinessStamp duty on shares to be replaced by Securities Transfer Tax
According to Investment Week, industry experts have criticised the absence of stamp duty cuts on shares in the Autumn Budget, despite plans for a technical overhaul.
Investment WeekCII New Gen Broking Group reports strong retirement concerns but low knowledge-transfer adoption
According to Insurance Business, a report from the Chartered Insurance Institute shows most professionals expect retirements to hurt capability, yet few firms have formal handover plans.
Insurance Business UKPensions industry welcomes low-key Budget
According to Professional Pensions, the pensions sector has responded positively to a quiet Autumn Budget following minor announcements from the government.
Professional PensionsBIBA calls for insurance premium tax freeze following Autumn Budget
According to Insurance Business, the British Insurance Brokers’ Association has urged the government to freeze and eventually reduce insurance premium tax, as the Autumn Budget left rates unchanged.
Insurance Business UKBudget 26 introduces lifetime founders' relief on capital gains tax alongside business relief changes
According to Investment Week, chancellor John Healey has unveiled a 10% lifetime founders' relief on capital gains tax alongside a reduction in the business asset disposal relief threshold.
Investment WeekVenture capital trust tax relief cut remains in place following Budget
According to Investment Week, chancellor John Healey left the reduced 20% VCT income tax relief rate unchanged in his maiden Budget, drawing industry criticism.
Investment WeekBudget 26: State pensioners shielded from income tax
According to Investment Week, chancellor John Healey confirms that pensioners with income up to the full new state pension will be excluded from income tax.
Investment WeekGovernment confirms HMRC terminal illness definition changes in Budget
According to Professional Pensions, the government has confirmed it will alter HM Revenue and Customs’ terminal illness definition in the Finance Bill 2026-27 to align with DWP rules.
Professional PensionsHeritage insurers warn of post-shoot risks as screen tourism rises
According to Insurance Business, ecclesiastical highlights the growing physical and security risks heritage property owners face after hosting film and television productions.
Insurance Business UKBudget 26: Full surplus of Mineworkers' Pension Scheme to be paid to members
According to Professional Pensions, chancellor John Healey has committed the government to transferring the remaining Guarantor's Fund surplus to Mineworkers' Pension Scheme beneficiaries.
Professional PensionsAon long-term debt rises ahead of USI acquisition
According to Insurance Business, aon's long-term debt increased significantly during the first nine months of the year to finance its pending acquisition of USI Insurance Services.
Insurance Business UKInstanda CEO warns insurers against reacting to every AI headline
According to Insurance Business, insurers need to distinguish between long-term systemic AI risks and everyday commercial uses, according to Instanda chief executive Tim Hardcastle.
Insurance Business UKAon reports strong reinsurance organic growth driven by risk capital and diversification
According to Reinsurance News, aon’s Reinsurance Solutions division posted 7% organic revenue growth in the third quarter of 2026, building on earlier gains.
Reinsurance NewsChancellor outlines welfare and health spending priorities in Budget 26
According to Investment Week, chancellor John Healey delivered the Autumn Budget, setting out the government's spending allocations for health and welfare.
Investment WeekReports suggest government may alter plans on Mineworkers' Pension Scheme surplus
According to Professional Pensions, labour MPs have expressed anger following reports that ministers may not transfer the remaining £1.2bn surplus to scheme members.
Professional PensionsGovernment confirms DC consolidation and retirement framework changes in Budget 26
According to Professional Pensions, the government has announced legislative changes for defined contribution scheme consolidation and retirement collective defined contribution pensions in supporting documents to the Budget.
Professional PensionsOBR cuts UK growth forecast for 2027 in John Healey's first budget
According to The Guardian, the Office for Budget Responsibility has lowered its 2027 growth estimate to 1% amid economic pressures from the Middle East conflict.
The Guardian BusinessChancellor reinstates £20,000 Cash ISA annual allowance
According to Investment Week, john Healey has reversed plans to lower the Cash ISA limit to £12,000 and introduced proposals for a new Starter ISA.
Investment WeekStamp Duty on shares to be replaced by Securities Transfer Tax
According to Investment Week, hM Treasury plans to replace Stamp Duty and Stamp Duty Reserve Tax on shares with a new Securities Transfer Tax by late 2027.
Investment WeekChancellor John Healey delivers maiden Budget with pledges on household energy and ISAs
According to Investment Week, chancellor John Healey has promised breathing space on living costs in his first Budget while adhering to strict fiscal rules amid global economic uncertainty.
Investment WeekFCA issues warning over unauthorised entity Mobile Savings Plan
The Financial Conduct Authority has published an official warning against Mobile Savings Plan, advising UK consumers to avoid dealing with the firm.
Financial Conduct AuthorityChancellor John Healey expected to reverse planned cut to cash ISA allowance
According to The Guardian, chancellor John Healey will reportedly scrap his predecessor's planned reduction of the annual cash ISA limit from £20,000 to £12,000 in his upcoming budget.
The Guardian BankingSan Francisco startup Harbor seeks London capacity for AI agent insurance
According to Insurance Business, managing general agent Harbor is in talks with London market partners to secure underwriting capacity as it prepares to insure autonomous artificial intelligence agents used by businesses.
Insurance Business UKInsurance sector appointments at OAK Global, Open GI, Fortegra and Qlaims
According to Insurance Business, firms across the UK insurance market announce senior appointments in underwriting, technology, reinsurance and claims.
Insurance Business UKUK centenarian population growth outpaces insurance care funding plans
According to Insurance Business, official figures show the UK centenarian population has nearly doubled in twenty years, highlighting a funding gap for later-life care.
Insurance Business UKBank of England warns climate risks could widen UK insurance gaps
According to Reinsurance News, the central bank cautions that extreme weather could leave a growing proportion of UK mortgage borrowers without building insurance by 2050.
Reinsurance NewsNo matching reports. Try another company, subject or keyword.