UK ports propose 10-point plan to boost investment and trade March 3, 2019 A new 10-point plan to be revealed today will set out proposals aimed at boosting investment in the UK’s ports. The importance of the UK’s ports for business supply chains has been thrown into the spotlight by the potential for disruption in the event of a no-deal Brexit. Read more: Government to pay Eurotunnel £33m over [...]
Trade secretary Liam Fox admits the UK may have ‘no option’ but to delay Brexit March 3, 2019 Trade secretary Liam Fox has conceded that the UK may have "no option" but to extend the date on which it leaves the EU, as the government battles to avoid another parliamentary defeat over its Brexit deal. Fox, a Brexiter, said the while he wanted Britain to leave the EU on the scheduled departure date [...]
HS2 hit with legal claim from American engineering giant Bechtel over Old Oak Common contract March 3, 2019 HS2 has been hit with a legal claim by American engineering giant Bechtel after it failed to secure a £1bn contract to build Old Oak Common station. Last year Bechtel signed a £170m contract to deliver phase 2b of the railway, which will stretch from Crewe to Manchester, and the West Midlands to Leeds. The [...]
Liam Fox refuses to rule out chlorinated chicken as part of UK-US trade deal March 3, 2019 International trade secretary Liam Fox yesterday defended the outlines of the UK’s potential trade deal with the US, insisting that Britain would not accept anything that was against the interests of consumers. Fox played down the safety concerns over chlorine-washed chicken and hormone-induced beef. The EU currently limits US exports of both products but the [...]
Tory Brexiters draw up list of terms for backing Theresa May’s exit deal March 3, 2019 Tory Brexiters have drawn up a list of conditions that Theresa May needs to satisfy in order to receive their backing in a looming crunch Commons vote on her Brexit deal. Members of the European Research Group (ERG), chaired by Jacob Rees-Mogg, have drawn up “three tests” that May has to meet in order for [...]
President of Slovenia backs Brexit extension, adding ‘a lot’ more EU states would do the same March 2, 2019 The President of Slovenia has said his country and many others in the EU would be open to an extension of the Brexit leaving date. Prime Minister Theresa may this week said MPs would get a vote over whether to ask for an extension to Britain’s March 29 exit date for more negotiation if her [...]
EU ready to give UK more guarantees Irish backstop is temporary March 2, 2019 The European Union is prepared to offer more guarantees to the UK that the Irish border backstop is only intended to be temporary with less than two weeks until parliament vote on Prime Minister Theresa May's deal. The bloc's chief Brexit negotiator, Michel Barnier, has labelled the backstop as an "insurance" but has moved to [...]
Parliament gets Brexit votes: Pound hits $1.33, FTSE 100 comes off 7,200 March 1, 2019 | City Talk Just as it seemed Theresa May was on track to appease the hard-line Brexiters in her party, it’s now the Remainers causing problems. Last week three MPs, Anna Soubry, Sarah Wollaston and Heidi Allen, quit to join the new Independent Party formed by eight breakaway Labour MPs a few days before. More Conservatives have threatened [...]
US lays out demands for free trade deal with UK, raising concerns over food regulations March 1, 2019 The United States has taken a hard line on post-Brexit trade talks with the UK, demanding greater access to British markets where products such as chlorinated chicken are currently banned by the EU. In its negotiating objectives for a future free trade deal, the US Trade Representative’s office (USTR) said it would try to reduce [...]
London startup numbers rise in face of Brexit uncertainty March 1, 2019 The number of new startups created each year in London is higher now than it was before the EU referendum, according to public data. While 205,325 new businesses started life in 2016, the year of the Brexit vote, entrepreneurs founded 216,204 companies last year, the Office for National Statistics (ONS) data reveals. Read more: The [...]