Brexit day: what happens on 31 January 2020? January 30, 2020 | City Talk Brexit day on 31 January marks the end of the UK’s membership of the European Union and the start of the “transition period”. After three previous departure dates came and went (20 March 2019, 12 April 2019 and 31 October 2019), it’s the one we all expect to actually happen. The transition – or “implementation” [...]
Leadsom tells business ‘we need you by our side’ as Britain leaves EU January 29, 2020 Andrea Leadsom tonight told leaders of some of the biggest firms in the UK that government “absolutely need business by our side”, as Downing Street gears up for life after Brexit. Cracks in the relationship have been emerging between industry and Boris Johnson’s team in Number 10, which has drawn heavily from the successful Vote [...]
Friday marks the end of the beginning of the Brexit battle January 29, 2020 One of Winston Churchill’s many gifts was his ability to summon the force of his rhetoric as a means of divining the feeling of the British nation. His passionate invocations in the dark days of the summer of 1940, when the UK stood alone against the Nazi menace, were masterpieces of fighting spirit, helping to [...]
Crest Nicholson blames Brexit uncertainty for profit plunge January 28, 2020 Crest Nicholson’s profit plunged 39 per cent to miss revised forecasts in a terrible year for the housebuilder, it said today. The figures Profit before tax sank from £168.7m in 2018 to £102.7m for the year ending in October. That missed guidance of between £120m and £130m, the result of last October’s profit warning. Profit [...]
Varadkar: The EU has the upper hand in Brexit trade talks January 27, 2020 Ireland’s Prime Minister Leo Varadkar feels the EU will have an advantage in the upcoming trade deal talks between the UK and the bloc. Varadkar used a sports analogy to explain the EU has a “stronger team” than Prime Minister Boris Johnson’s UK, due to its larger population and market size. The Irish PM is [...]
Priti Patel: British businesses too reliant on ‘cheap labour’ from the EU January 26, 2020 Home Secretary Priti Patel has accused British businesses of being too reliant on “low skilled” and “cheap” labour from the EU, calling on firms to “invest in the British public”. Speaking to Sky’s Sophy Ridge programme this morning, Patel said the points-based immigration system the government plans to introduce after Brexit would “put a spotlight [...]
Brexit bill granted royal assent and signed into law January 23, 2020 The Brexit bill has been granted royal assent and has now been signed into law, paving the way for the UK’s exit from the European Union next week. Deputy speaker Nigel Evans today announced in the Commons that the bill, dubbed the EU Withdrawal Agreement Act, has been approved by the Queen after passing parliament. [...]
Watchdog tells financial firms to be ready in case of no-deal Brexit January 23, 2020 Financial firms in the UK should be ready in case Britain does not reach a trade deal with the European Union by December, according to a senior regulator. Britain leaves the EU next week, with “business as usual” transition period in place until December. Formal trade talks are set to begin in the coming weeks. [...]
For businesses relying on EU tax directives, what happens after Brexit? January 23, 2020 | City Talk Businesses are currently eager to know what shape any post-Brexit trade agreement with the EU will take and what tariffs or other barriers might apply to goods and services. However, when considering financing operations and investment abroad, businesses also need to look at the EU tax directives that facilitate cross-border financing flows. A repeated question [...]
‘We’ve done it’ says Boris Johnson, as Brexit bill finally passes parliament January 22, 2020 Boris Johnson has urged the country to put “the rancour and division of the last three years” behind it and “move forwards as one”, following the passage of his Brexit bill. The Withdrawal Agreement Bill, which was blocked repeatedly by the Commons prior to December’s election, last night finally finished its parliamentary stages and will [...]