One in three new jobs created in the UK over the past decade has been in London, analysis shows. Employment has been rising across the country but by far the strongest growth has been in the capital, according to official employment statistics. Labour said its proposals would rebalance the economy away from south-east England. The UK Government said it was committed to boosting local growth outside of London. The BBC's Shared Data Unit analysed official labour market figures
Cybersecurity insurance, a new buzzword among Indian insurers, has crucial barriers to hurdle before it can live up to the potential promised by the companies. Lack of actuarial data on cyber-attacks, murky disclosures by corporate victims, and the incredible speed at which a breach may spread globally have companies in a bind.
Actuarial data help insurers evaluate financial implications of risk and uncertainty by applying mathematical and statistical methods, while devisi
The government borrowed far more than analysts expected in October, the first figures to be published since Philip Hammond's Budget last month show. Government borrowing hit a three-year high in October after a steep rise in spending and a slowdown in tax receipt growth, according to official figures. The Office for National Statistics (ONS) said public sector net borrowing, excluding state-owned banks, rose by £1.6 billion last month to £8.8 billion. This was the highest Oct
The UK inflation rate remained steady at 2.4% in October after food price war, confounding analyst expectations of a rise to 2.5%. The Consumer Prices Index (CPI) figure included falls in food and clothing costs, but rising utility bills and petrol prices, said the ONS. The inflation figure comes a day after data showed that wages were rising by 3.2% - the fastest pace in nearly a decade. Core inflation also held steady at 1.9% in October. That figure strips out the out the e
Cyber attacks are the greatest threat facing businesses in Europe, North America, East Asia and the Pacific, a worldwide survey of over 12,000 executives has found. The World Economic Forum (WEF) spoke to more than 12,000 executives around the world about what they considered to be the biggest risks to doing businesses, ranging across political, societal and technological concerns. The finding marks a sharp rise in concerns around technological risks, with cyber attacks only
Deal value for global insurance M&A reached €37bn in the first six months of 2018, driven by a slew of megadeals which pushed value to its highest first-half total since the financial crisis, according to a new report from Willis Towers Watson and Mergermarket - Transformation in the global insurance market. The first half of the year saw 14 deals worth over €500m taking place in this sector; although total deal volume was down to just 84 deals, the lowest number since 2009.
THE POUND has risen against the euro today as sterling reached a four year high. It also retained the “upper hand” against the dollar, experts have said, but that may not last into today. The pound has boomed this week against the euro and succeeded in hitting a six month high as optimism concerning a Brexit deal helps sterling “retain the upper hand against the majors.” A number of analysts have begun to make hawkish bets on a Brexit deal sparking a substantial rally in the
UK savers have failed to claim around 1.6 million pension pots worth nearly £20bn – at least six times more than previously estimated, the largest study of its kind has revealed. However, the true scale of the UK’s lost pension mountain is likely to be even higher, with the latest research not looking at savings in the public sector, or those in trust-based schemes. The researchers said frequent job changes and home moves were the main reasons behind the problem, with nearly