Sunak set to delay decision on UK rejoining Horizon July 19, 2023 Rishi Sunak is expected to delay making a decision on whether the UK should rejoin the EU’s Horizon science funding programme until after the summer break, it has been reported. The prime minister will not announce whether British researchers will have access to the €95.5bn programme until the autumn,the Financial Times (FT) reported. A government [...]
UK set to open trade negotiations with Turkey July 18, 2023 The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, the government has announced. Negotiations on an updated free trade agreement are expected to begin in 2024 after the two countries agreed there was scope to improve the existing deal. Britain’s trade with Turkey [...]
Oliver Bonas: Boss says Brexit ‘teething problems’ holding back Irish expansion July 17, 2023 The founder of homeware store Oliver Bonas has complained of the “teething problems” related to Brexit, which is making it difficult to grow his brand in Ireland. Olly Tress told The Times that the firm’s expansion plans in the country are “oven ready,” but the fallout from Brexit has made it “hard and expensive to [...]
Citi’s European boss says London has not been diminished by Brexit July 17, 2023 Citigroup’s European head has said that Brexit has not impacted the City anywhere near as much as experts predicted. In an interview with The Daily Telegraph, David Livingstone, Citi’s Europe, Middle East and Africa boss, said the City has “not been diminished” by Brexit, despite attempts by the EU to attract more firms to the [...]
Britain to rejoin EU’s R&D Horizon scheme after months of hard post-Brexit talks July 5, 2023 Britain and the European Union (EU) are edging closer to a deal on the UK’s re-entry into the Horizon Europe research programme. Sources said negotiators have produced a draft document following months of talks, with Rishi Sunak expected to consider it in the coming days. However, the prime minister could still reject the proposals over [...]
Cleverly hails ‘close and friendly’ UK-EU ties after Brexit in landmark Brussels speech July 3, 2023 James Cleverly hailed the “close and friendly” cooperation between London and Brussels in a speech to EU parliamentarians. The foreign secretary said the “level of trust” between him and European Commission diplomat Maros Sefcovic was part of the reason the Windsor Framework was secured. He accepted that it had taken “slightly longer” than many would [...]
Nigel Farage claims he may have to leave UK after bank accounts closed June 29, 2023 Nigel Farage has claimed he may have to leave the UK after his bank accounts were closed. The former UKIP leader and Brexiteer today posted a six-minute long video on Twitter, stating his accounts had been closed and he was unable to secure banking services elsewhere. He wrote: “The establishment is trying to force me [...]
Brexit scaremongering must stop, says minister June 29, 2023 Total UK trade is up and Brexit scaremongering “has to stop”, a business minister has said. Nus Ghani told the Commons UK trade is thriving post-Brexit, as she dismissed concerns about the effects of the country’s withdrawal from the European Union as “scaremongering”. Her remarks came in response to a question about the impact of [...]
UK urged to take post Brexit payments lead after EU publishes bold plan June 28, 2023 The UK payments industry urged regulators and legislators to take a bold approach to new rules following the publication of the EU’s latest proposals. In a landmark set of regulations, the European Union (EU) will deepen and extend open banking, put in place greater fraud protections and give regulators more firepower to enforce the rules. [...]
Jeremy Hunt to sign ‘milestone’ financial services agreement with EU June 27, 2023 Chancellor Jeremy Hunt will today sign a long-awaited deal with the European Union on improving regulatory cooperation for financial services, in a move that Hunt said will boost the City as a “global financial services hub”. Hunt and EU financial services commissioner Mairead McGuinness will sign a Memorandum of Understanding (MoU) at the European Commission [...]