Hung parliament could stifle economic green shoots

Houses of Parliament London

Brokers have been warned that the lack of a clear winner in the UK's forthcoming general election is the biggest threat to the green shoots of economic recovery.

Speaking at the British Insurance Brokers' Association (Biba) forum in Manchester on 25 March, Joe Suddaby, executive at corporate finance advisers Lexicon Partners, said: "The potential for a hung parliament is a clear risk. It is the outcome the City is probably most afraid of, given the desire to see a Government with the power to make the tough decisions necessary to tackle the deficit."

Mr Suddaby claimed that although both of the main parties in the UK agreed on the need to tackle the

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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