Hunt to unveil post-Brexit Big Bang 2.0 for UK financial services industry December 8, 2022 Jeremy Hunt will finally unveil the government’s plans to shred EU financial services laws today as he proposes a package to boost the City’s global competitiveness post-Brexit. Hunt will deliver the landmark announcement in Edinburgh this morning, with the chancellor set to drop Solvency II capital requirements on insurance firms and ease current bank ring-fencing [...]
British farmers warn UK is ‘sleepwalking into crisis as food is under threat’ December 6, 2022 Britain’s union for farmers and growers has warned the UK is “sleepwalking” into a food supply crisis, Ahead of an emergency press conference later today, the National Farmers Union (NFU) said the Government needed to step in to assist primary producers under severe strain from soaring fuel, fertiliser and feed costs. Union president Minette Batters [...]
Brexit adds £200 to Brits’ food bill, LSE study finds December 1, 2022 Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found. UK consumers paid a £5.8bn price tag in additional grocery costs, over the two years to the end of 2021, a study from the London School of Economics has found. As low-income households fork [...]
Brexit: Small firms ‘not clamouring for bonfire of EU laws’ according to BCC survey November 29, 2022 Small firms are “not clamouring for a bonfire of regulations” from the EU after Brexit, with only four per cent of small firms understanding a bill paving the way for deregulation. More than 70 per cent of companies surveyed by the British Chamber of Commerce (BCC) did not know about the Retained EU Law Bill, [...]
Post-Brexit Japan deal branded ‘a failure’ November 27, 2022 The first major free trade agreement signed by Britain after Brexit has been branded a failure. Liz Truss signed a deal with Japan in October 2020 that was claimed could boost trade by billions and help the economy recover, reported in The Guardian. However figures from the Department for International Trade showed that trade to [...]
‘Is that it?’: Gove unable to say how Brexit ‘made business easier’ when asked six times on R4 November 24, 2022 Principal Brexiteer michael Gove was unable to name a ‘single benefit’ of Brexit, as business leaders warn of continued economic strain. The levelling up secretary appeared to falter while speaking on Radio 4’s Today Programme this morning, asked no less than six times how firms would benefit from the UK’s departure from the EU. This [...]
UK frees up £4bn in export finance to boost post-Brexit trade with Morocco November 24, 2022 Britain has made £4bn available in export finance to boost post-Brexit trade with Morocco. The funding will be available for Moroccan buyers as long as 20 per cent of content is from UK firms, it has been announced. This comes as the UK looks for trading opportunities around the world after leaving the European Union, [...]
Briton in Brexit fight of his life as Denmark plans to deport him for missing deadline November 16, 2022 A British national residing in EU member state Denmark is reportedly being deported from the Nordic country because he missed a residency application by just under four days. Phil Russell said he did not know he needed a residency application in order to remain with his fiancée Frederike in the country. As a result, he [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
Post-Brexit trade: Over half of UK firms pivoting to EU for growth, HSBC report says November 15, 2022 More than half UK firms are pivoting toward the European Union to navigate their way through economic turbulence. A groundbreaking survey carried out by HSBC UK found that 53 per cent of companies are targeting trade with the continent in spite of post-Brexit rules and renewed Brussels red tape. Surveying 2,000 firms in one of [...]