The UK economy faces recession risk with high interest rates and inflation expected to increase borrowing by £15 billion by 2030. Economic forecasts for 2025-2026 have been downgraded, and consumer sentiment has hit a 15-month low due to job insecurity and high taxes.

2024 saw key UK insurance rulings on COVID-19 business interruptions and jurisdictional challenges in high-risk regions, emphasizing the need for clear policy wordings and robust legal strategies.