The cost of an international office January 20, 2020 | City Talk From expanding sales to mitigating Brexit risk, many companies are securing presence overseas. Some companies have already set up an office in the EU to avoid trade barriers in the future, others are considering a move or a satellite office in the EU or further afield to take advantage of new opportunities in emerging geographic [...]
DEBATE: Is there any point to the World Economic Forum in Davos? January 20, 2020 Is there any point to the World Economic Forum in Davos? Ella Robertson, managing director of One Young World, says YES. Now in its fiftieth year, it might look like business as usual at the World Economic Forum. But with public scrutiny mounting every year, the pressure to keep the mountain air-induced rhetoric real is [...]
City cautiously approves of chancellor’s post-Brexit regulations plan January 19, 2020 The City of London Corporation has responded with cautious approval to chancellor Sajid Javid’s statement that post-Brexit financial services trade with the EU should be on the basis of “outcome-based” equivalence of rules. The chancellor has faced a backlash from car manufacturers and business bodies, however, after he told the Financial Times that the UK [...]
Treasury freezes Hezbollah’s UK assets January 19, 2020 The Treasury has designated the entire organisation of Hezbollah as a terrorist outfit, freezing all its UK assets. The Lebanese party’s military wing was previously designated as a terrorist organisation by the Treasury, however its wider operations were not. The call to place Hezbollah on the terror black list follows home secretary Priti Patel’s decision [...]
Boris Johnson planning to roll back EU immigration earlier than expected January 19, 2020 Boris Johnson is drawing up plans to limit low-skilled European Union immigration at the start of 2021 – a full two years earlier than previously promised. Under previous proposals, freedom of movement with the European Union would continue until 2023. The promise had been made by Theresa May, after an extended period was demanded by [...]
Tory chairman James Cleverly confirms House of Lords move may be on the cards January 19, 2020 The Conservatives’ party chairman has confirmed the government is considering a proposal to permanently move the House of Lords to York. The Sunday Times reported today that Boris Johnson has begun a review into the feasibility of the move, with disused land already identified as a potential location. Another initiative under discussion is holding House [...]
Labour leadership rivals clash over antisemitism January 18, 2020 Labour leadership candidate Jess Phillips appeared to criticise other candidates on their handling of antisemitism allegations within the party. As the five hopefuls went head to head in public for the first time, Phillips told the crowd in Liverpool that the party needed a leader who spoke out “when others were keeping quiet”. When questioned [...]
UK will not automatically deport EU nationals after Brexit January 18, 2020 The UK will not automatically deport EU nationals who have not applied to stay in the country after Brexit, European Parliament Brexit coordinator Guy Verhofstadt said on Friday. Verhofstadt met with Brexit minister Stephen Barclay on Thursday and said he had been given assurances there would be a grace period for those who have not [...]
Chancellor Sajid Javid warns business ‘there will be no alignment’ with EU on regulations January 18, 2020 The Chancellor has warned businesses that “there will not be alignment” with the EU on regulations following Brexit. Sajid Javid said firms will have to “adjust” to new regulations. The automotive and pharmaceutical industries were among those that warned the government last year of the damage that not aligning with the EU could do. Javid [...]
Downing Street to hold light display to mark Brexit Day as Unions Jacks fly January 17, 2020 Downing Street has announced that it will hold a light display on 31 January to mark Britain leaving the European Union. As Prime Minister Boris Johnson addresses the nation that evening, the black bricks of his official residence will light up with the display, featuring a clock counting down to 11pm. Buildings around Whitehall will [...]