Briefly noted

▪ Brit Insurance has told The Times that it would consider following the lead of other insurers and redomicile outside of the UK to benefit from more business friendly tax regimes. The majority of Brit Insurance’s risks are outside the UK, the US forming the largest risk group, which means it would be affected by the HM Treasury’s consultation that proposes to increase the amount of tax from firms’ overseas profits. Brit’s chief executive Dane Douetil told TheTimes he does not want to redomicile but added that the uncertainty in the UK tax market is making him think about the company’s options: “I have worked hard on staying in the UK. Brit is domiciled here. We want to remain, but can only stay if we have greater certainty about our tax position. We are looking closer than ever at other possibilities.”