Prediction follows Q2 output drop

The worsening UK recession could lead to the country losing its AAA credit rating, according to the Financial Times.

The prediction follows the UK’s output falling 0.7% in the second quarter.

In April, Standard & Poors affirmed its AAA rating for the country, but warned that this could see “downward pressure” if the country saw unexpectedly bad economic growth.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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