Keep up to date with the latest business and actuarial news in our weekly round-up…

 

Hundreds join growing list of Britain’s ultra-rich

The number of ultra-rich in the UK has increased by 400 over the last year, taking the number of people worth more than £38m to nearly 5,000.

Cheaper food drives UK inflation lower in September

The UK inflation rate fell more than expected in September with the fall largely attributed to the lower prices of food and non-alcoholic drinks.

UK posts smaller-than-expected budget deficit in boost for Hammond

The government recorded a smaller budget deficit than expected in September which is good news for Chancellor Philip Hammond ahead of his annual budget.

Wembley Stadium sale off after billionaire Shahid Khan withdraws offer, FA says

Mr Khan, who owns Fulham FC and the Jacksonville Jaguars NFL team, withdrew his £600m offer of Wembley Stadium citing a lack of necessary support for the proposal within English football.

UK regulator outlines expectations for insurance firms managing climate risk

The Bank of England’s Prudential Regulation Authority (PRA) has published a consultation paper outlining how insurers should best manage the financial risks of climate change.

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