Brexit cancels bonfire night: Import rules reduce UK firework supply by 70 per cent The UK is receiving just 30 per cent of the fireworks stock that suppliers usually have for the year, City A.M. has been told today. In fact, there won’t be enough fireworks for the usual Bonfire Night celebrations, and as the date approaches, low supply will increase prices for consumers, according to Doncaster-based supplier Fireworks [...]
Brexit: UK makes final EU payment in £2.3bn China import fraud dispute oops The Government has paid £2.3bn to the EU as part of a long-standing dispute over textiles and footwear imported into the UK from China. The final payment of £1.1bn made this week, brings the case to a close. Chief Secretary to the Treasury John Glen confirmed the payment in a written statement to the Commons. [...]
Fifth of UK importers altered supply chains due to global tensions, with China in focus Beijing under the spotlight More than a fifth of UK importers have been forced to alter supply chains as a result of geopolitical tensions, with China in sharp focus, a new survey has found. Some 20.5 per cent of companies, which are importers, have altered supply chains as a result of global tensions, according to a survey of more [...]
Biden and Sunak strike deal to double UK gas imports from US December 7, 2022 The US wants to more than double its gas exports to Britain next year, after Rishi Sunak and Joe Biden struck a landmark deal yesterday.
The City View: Sainsbury’s to cut prices, and the importance of UK private equity May 30, 2022 Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK’s employment market, and how vital they are for companies looking to scale up. And in the headlines: Sainsbury’s CEO Simon Roberts has said that the supermarket [...]
UK cuts oil imports from Russia after Ukraine invasion as Norway establishes energy dominance June 29, 2022 Imports of Russian oil have tanked this year, following the country’s invasion of Ukraine with traders seeking alternatives after Western sanctions.
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
UK delays Brexit checks on EU imports for a third time April 28, 2022 The UK has delayed post-Brexit checks on EU food imports for a third time, with the new red tape now set to come in at the end of 2023. Brexit opportunities minister Jacob Rees-Mogg made the announcement today, saying it was not the right time to introduce more checks while the Ukraine war was already [...]
Cost of UK energy imports more than doubles as North Sea body urges government to back British oil and gas March 22, 2023 The UK’s energy import bill more than double last year, amid an increasing reliance on overseas supplies, revealed Offshore Energies UK.
UK steel firms suspend imports of Russian coal March 13, 2022 Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday. The decision follows sustained pressure from Western governments for businesses to divest from Russia, as it ramps up sanctions on the country following the invasion of Ukraine. Coal is used to heat blast furnaces up [...]