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

 

Government pay Eurotunnel £33m over no-deal ferry contracts

The government is to pay Eurotunnel up to £33m over its bungled no-deal Brexit ferry contracts.

LK Bennett lines up administrator

High-end fashion chain LK Bennett has lined up an administrator for the business as it desperately seeks funding to stay afloat, with EY preparing to oversee the insolvency if no new investment can be found.

Global financial sector pulls funding for coal projects once every two weeks

Insurers, banks and other financial institutions across the world have announced 33 restrictions on funding for the coal sector since the start of 2018, new research has found.

British manufacturing job losses hit six-year high amid Brexit turmoil

Job losses in Britain’s manufacturing sector hit a six-year high in February, as Brexit uncertainty left the industry’s optimism at a record low, according to a closely followed metric.

Mixed-age couples face pensions raid

The Government has published an impact assessment following its decision to strip mixed-age couples of the right to claim Pension Credit.

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