Economics

Personal accident insurance remains a hugely undersold product, which means many intermediaries are missing an opportunity to generate valuable revenue, says Neil Thunström

BRITAIN'S economy will finally make it out of recession in the last quarter of 2009, but will perform much less strongly in each of the next three years than the Government is currently forecasting, the CBI will say today.

Expectations for inflation in Britain remained unchanged in December, despite the recent rise, figures from the Bank of England show.

Ann Dempster, managing director of Plum Software, looks at adviser strategies for recovery.

Schroders chief economist Keith Wade has warned Alistair Darling not to attempt to rein in the UK's burgeoning budget deficit too early, believing the UK economy is still "fragile".

Business leaders have warned of potential economic relapse and the threat posed by the soaring deficit as the Chancellor prepares his pre-budget report, reports the Independent.

The biggest financial crisis in modern British history heralded an unprecedented bonanza in fees for City lawyers, accountants and advisers, according to the definitive assessment of Treasury spending on the bail-outs.

Barclays is set to award its 22,000 investment bankers pay rises of up to 150% in an effort to beat Government moves to clamp down on multi-million-pound bonuses.

Swiss Re believes the insurance and reinsurance sectors will continue their "U-shaped" recoveries in 2010 alongside the major global economies.

Fears are growing over Britain's exposure to the financial turmoil in the stricken Arab state of Dubai, reports the Daily Mail.