Rolls-Royce, Airbus pen deal with Air India for 250 planes in boost for UK manufacturing February 14, 2023 Rolls-Royce and Airbus have signed multi-billion pound deal to build 250 new planes for Air India, which is set to create hundreds of new jobs in the UK. The wings will be designed in Filton and assembled in Broughton, creating 450 manufacturing jobs and bringing in more than than £100m of investment to Wales. Meanwhile, [...]
Brexit delivered £1,000 blow to every UK household, Bank of England rate setter Haskel claims February 13, 2023 The sharp reduction in business investment after Brexit has dealt a £1,000 blow to every UK household, a rate setter at the Bank of England has claimed. Speaking to The Overshoot, Jonathan Haskel, an external member of the monetary policy committee (MPC), said that the “productivity penalty” caused by a huge drop in capital spending [...]
Former negotiator Lord Frost urges UK to ‘fully and enthusiastically embrace advantages of Brexit’ February 13, 2023 The UK’s former chief Brexit negotiator has urged the Government to “fully and enthusiastically embrace the advantages of Brexit” as he warned of a plot to undermine the agreement. Lord Frost referred to a “secret” cross-party gathering on foreign affairs, which was held at the Ditchley Park retreat in Oxfordshire last week, as “a further [...]
Brexit: Signs of progress suggest hope NI Protocol row could finally end February 11, 2023 The UK Government and the EU have reiterated their commitment to finding “joint solutions” to differences around the post-Brexit Northern Ireland Protocol. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris held a video call with European Commission vice president Maros Sefcovic on Friday. The protocol was agreed by the UK and EU in [...]
Brexit: UK makes final EU payment in £2.3bn China import fraud dispute February 10, 2023 The Government has paid £2.3bn to the EU as part of a long-standing dispute over textiles and footwear imported into the UK from China. The final payment of £1.1bn made this week, brings the case to a close. Chief Secretary to the Treasury John Glen confirmed the payment in a written statement to the Commons. [...]
Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Legal & General CEO would like to see UK ‘move more quickly’ on Solvency II reforms February 8, 2023 Insurance giant Legal & General would like to see the UK “move more quickly” in reforming the EU rules that govern Britain’s insurance sector, the head of the FTSE 100 firm’s pensions buyout segment told City A.M. Andrew Kail, chief executive of L&G’s institutional retirement business, called for “clarity” on the UK’s plans to reshape [...]
Brexit supporters admit leaving EU was a ‘disaster’ after ‘a drink or two’, ex home sec Amber Rudd says February 6, 2023 Former home secretary Amber Rudd has claimed that some Brexiteers, after “a drink or two”, will admit that the decision to leave the EU has been a “disaster”. Ms Rudd, who stood down as an MP in 2019 amid internal Tory Party clashes over the handling of Brexit, also said she could not be in [...]
Brexit activist Gina Miller claims deputy PM Dominic Raab launched ‘abusive attack’ on her as bullying row rumbles on February 3, 2023 Deputy Prime Minister Dominic Raab is facing a fresh claim of bullying after an anti-Brexit campaigner alleged he launched an “abusive attack” on her. Gina Miller said Mr Raab, who was also appointed as Justice Secretary by Rishi Sunak, was “aggressive and intimidating” during an “aggressive encounter”. A source close to Mr Raab, who denies [...]
Brexit ‘starting to bite’ three years on but City holds out hope for Edinburgh reforms February 1, 2023 City figures are yet to be convinced by the benefits of Brexit three years down the line, but hold out hope that the government’s Edinburgh reforms could turbocharge growth in the sector over the next few years. While the City has avoided a mass exodus of jobs and maintained its status as one of Europe’s [...]