Shadow Trade Minister: The future of Britain’s steel industry is at risk if Liz Truss slashes tariffs May 24, 2021 In 1971, the UK’s steel manufacturing industry employed around 320,000 people. By 2016, just 24,000 worked in steel manufacturing – and that number is even lower today. The steel industry has been in decline ever since its peak in the 1970s. Despite its national strategic importance in supporting our nation’s defence and manufacturing sectors, not [...]
Truss: There will be ‘very long transition’ in any UK-Australia trade deal May 24, 2021 British farmers will be given a “very long transition” to prepare for new competition from any UK-Australia trade deal, according to international trade secretary Liz Truss. Truss suggested the deal will result in zero quotas and tariffs on Australian agricultural exports, but said she was “fully confident” British farmers would be able to compete. A cabinet [...]
UK considers scrapping Trump-era tariffs on US whiskey and motorcycles May 24, 2021 The UK will review its tariffs on US products like whiskey, tobacco and motorcycles in a bid to get Joe Biden to drop Trump-era tariffs on British steel. International trade secretary Liz Truss announced today that she would launch a six-week consultation with British businesses to consider “re-balancing measures” that could see some of the tariffs [...]
Ministers preparing to allow pubs to serve people at the bar from June May 24, 2021 Ministers are speaking with the hospitality sector about relaxing rules on ordering drinks at the bar in pubs across England from 21 June as the government looks set to stick with its roadmap timetable. Chief executive of the UK Health Security Agency Dr Jenny Harries said yesterday that the prospect of lifting most if not [...]
G7 closing in on deal for global corporate tax shake-up May 24, 2021 The G7 is said to be nearing an agreement over corporation tax for multinationals, paving the way for a new global tax regime cracking down on some of the world’s largest companies. A pact between the major economies could be inked as early as Friday following progress in talks among top officials in recent days, [...]
CBI: Bold changes needed after pandemic to transform the UK into trading powerhouse May 24, 2021 CBI: Bold changes needed to transform UK into trading powerhouse
Labour calls on UK to back Biden’s global corporate tax overhaul May 23, 2021 Boris Johnson must back US plans for a global minimum corporate tax rate to target tax avoidance, the Labour Party has warned. The Biden administration set out a tax regime overhaul last month, proposing a new tax based on sales in each country to the global profits of large corporations, regardless of their physical presence [...]
Dominic Cummings claims UK originally pursued ‘herd immunity’ policy May 23, 2021 Boris Johnson’s former aide has claimed the UK originally pursued a policy of herd immunity to combat the pandemic, and claimed all three lockdowns could have been avoided if someone “competent” had been in charge. Dominic Cummings took to Twitter on Saturday night to reveal the “shocking truth” that the government was pursuing a herd [...]
BBC: Boris Johnson ‘very concerned’ about Princess Diana interview scandal May 21, 2021 Prime Minister Boris Johnson today waded into the row over the BBC’s infamous interview with Princess Diana, saying he was “obviously very concerned” about the findings of a new report. The damning report by Lord Dyson, published yesterday, found the broadcaster had covered up the “deceitful” tactics used by reporter Martin Bashir in securing the [...]
BoE eyes a climate-conscious corporate bond purchase scheme May 21, 2021 The Bank of England (BoE) has tabled plans to make its £20bn of corporate bonds better aligned with government net zero targets today. Set to begin later this year, the bank will not immediately sell off bonds issued by businesses that have high carbon emissions, such as energy and oil firms. “Divestment is a powerful [...]