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Brexit

  • MPs ‘seriously concerned’ that British businesses are not ready for Brexit

    October 23, 2020

    The Treasury Committee has written to chancellor Rishi Sunak to express “serious concerns” that an eleventh-hour trade deal with the EU would not give businesses enough time to prepare for Brexit.  The select committee said it was left with a “significant number of outstanding questions and issues”, following an evidence session around the UK’s preparedness [...]

  • UK signs £15bn free trade deal with Japan

    October 23, 2020

    Britain has officially signed a trade deal with Japan, marking a major milestone in Brexit negotiations as the UK secured its first agreement as an independent trading nation.  The British embassy in Tokyo today announced it has formed the UK–Japan Comprehensive Economic Partnership Agreement (CEPA), which was agreed in principle last month. The government said [...]

  • Deal or no deal, reports of London’s death are greatly exaggerated

    October 23, 2020

    London has for many years enjoyed the reputation as the world’s leading financial centre.  Only New York has ever come close to challenging the capital’s crown — and since 2015 London has generally topped all the rankings.  In that time, though, every paean to London’s preeminence has carried the gloomy caveat: “until Brexit”. The received [...]

  • Whisky, stilton and pork pies to be protected in post-Brexit food regulations

    October 22, 2020

    The government today set out new legislation to guarantee the authenticity and origin of traditional British foods such as stilton, pork pies and Scotch whisky at the end of the Brexit transition period. Negotiations between the UK and EU are still ongoing, with time running thin for a trade deal with the bloc before Britain [...]

  • UK strikes deal with Norway to continue trade in case of no-deal Brexit

    October 22, 2020

    The UK has signed a temporary agreement with Norway to ensure trade of goods can continue between the two nations in the case of a no-deal Brexit after 31 December

  • Peers push back on Brexit bill in largely symbolic move

    October 20, 2020

    The House of Lords has voted against Boris Johnson's Internal Market Bill, which seeks to breach the Brexit withdrawal treaty if the UK does not get a trade deal with the EU.

  • Brexit: EU not serious about restarting trade talks, says minister

    October 20, 2020

    The EU’s offer to restart broken down Brexit trade talks amounted only to “lip service”, according to a UK business minister. Nadhim Zahawi said today that the UK still wanted a Brexit trade deal, despite Boris Johnson refusing to come back to the negotiating table, but that talks would not continue until Brussels treats Britain [...]

  • Pound jumps on signs a Brexit deal can still be done

    October 19, 2020

    The pound surged as investors bet that Brexit talks would resume – despite the UK’s tough rhetoric – and eventually result in some kind of free-trade agreement. Sterling was up 0.7 per cent by mid-morning at $1.30. It had risen 0.5 per cent against the euro to stand at €1.107. Prime Minister Boris Johnson struck [...]

  • UK can be a ‘free agent’ in financial markets after Brexit, says think tank

    October 19, 2020

    The UK can be a significant “free agent” in the global banking and financial markets once Brexit is over, a new report claims.  As negotiations continue in the next few weeks and Bois Johnson steps up his no-deal rhetoric, the UK’s banking and finance industry is in for a seismic change.  A report by think [...]

  • Half of UK financial services staff want shift to flexible working

    October 19, 2020

    Half of Brits working in the financial services sector want to shift to a more flexible working model after the coronavirus pandemic ends, a new survey has revealed. The outbreak of Covid-19 has sparked a major change in working habits, as stay-at-home orders have fuelled a sharp rise in home working. A survey by KPMG [...]

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