This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
United Kingdom
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Chancellor of the Exchequer Rachel Reeves said the UK will meet its fiscal rules “at all times,” as she faced ongoing pressure to explain how she’ll stabilize Britain’s public finances following a recent spike in borrowing costs, Bloomberg News reported. “We remain committed to those fiscal rules,” Reeves said in the House of Commons on Tuesday, referring to her self-imposed target that day-to-day government spending be covered by tax receipts.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Scottish Court persuaded, albeit only just, on the competency of retrospective administration orders
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
Britain will go its own way on artificial intelligence regulation, Prime Minister Keir Starmer said on Monday, Reuters reported. "I know there are different approaches (to AI regulation) around the world but we are now in control of our regulatory regime so we will go our own way on this," Starmer said. "We will test and understand AI before we regulate it to make sure that when we do it, it's proportionate and grounded."
https://finance.yahoo.com/news/uks-starmer-says-britain-own-120425912.html
Read more
Some British pension funds are being told by asset managers to come up with more cash to support their hedging positions after a recent jump in borrowing costs, but pensions advisers told Reuters this week the market was behaving in an orderly way, Reuters reported. XPS and Gallagher said some funds had been instructed to post more cash to maintain derivatives positions they hold through so-called Liability Driven Investment (LDI) strategies.
Read more
A U.K. council facing a £33.6m funding gap will effectively declare itself bankrupt unless the government allows it exceptional financial support, BBC.com reported. Worcestershire County Council is to ask the government for a "capitalisation direction" – described by the Institute for Government as a move that allows them to sell assets or borrow to fund day-to-day costs. Papers for a cabinet meeting on 16 January said the council needed £33.6m in 2025-26 and a further £43.6m in 2026-27.
Read more