Brexit, Covid and Ukraine drag on Games Workshop’s profits despite record sales January 10, 2023 Warhammer-maker Games Workshop recorded sales of over £200m for the first time, but Covid, Brexit and the war in Ukraine continue to dent its commercial plans. The FTSE 250 firm announced it made £212m from May until the the end of 2022, up more than £20m on the previous year. But it also reported a [...]
Scrapping bankers’ bonus cap is a return to global norms, says City minister January 10, 2023 City minister Andrew Griffith said today that scrapping the bankers’ bonus cap would realign Britain with global financial norms, as he faced questions from MPs in parliament about the government’s so-called Edinburgh Reforms. Discussing bankers’ bonuses, Griffith said “we have departed from global norms… the global competitive set do not have this (bonus cap).” London, [...]
Brexit: UK and N Ireland data-sharing progress a ‘positive step’ in protocol wrangling January 10, 2023 Progress between the EU and the UK on post-Brexit data-sharing has been hailed as a “positive step” in ongoing talks to find a solution to the Northern Ireland Protocol row. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris met European Commission vice-president Maros Sefcovic in London on Monday, as London and Brussels try [...]
Hotel Chocolat looks beyond Europe and signs deal with Japanese corporation January 3, 2023 Leading British chocolate brand Hotel Chocolat is looking beyond Europe after Brexit and has signed a new partnership with a major Japanese corporation. The tabletop favourite has teamed up with the Tokyo-based Eat Creator Corporation, after trading in Japan for the last four years. The chocolate maker reported a £9.4m loss for 2022 loss in [...]
Brexit: Protocol ‘too strict’ and mistakes made on all sides, Ireland’s Varadkar says January 3, 2023 Brexit mistakes were made on all sides according to Ireland’s Taoiseach Leo Varadkar, but vowed to be “flexible and reasonable” when attempting to solve issues with the Northern Ireland Protocol. He conceded that the post-Brexit protocol is “too strict” and said he understands unionist concerns that the treaty has made them feel less British. Mr [...]
Not ‘appropriate’ for UK to publish details of post-Brexit Israel trade deal impact December 28, 2022 The government has said it is not “appropriate” to publish full details of a post-Brexit trade deal with Israel. Details of the agreement which boosts £5bn trade between the countries won’t be made public, the department for international trade (DIT) confirmed today. The deal has a strong focus on boosting UK services exports to the [...]
Beefy Brexit row: Deal with Australia is ‘success’ says envoy Lord Botham, after ex minister’s criticism December 27, 2022 Lord Ian Botham, the government’s trade envoy to Australia, is at loggerheads with a former minister over the success of the post-Brexit deal. The ex cricket star, affectionately known as ‘Beefy’, hit out at George Eustice who branded the agreement signed in 2021, who said he “no longer has to put such a positive gloss [...]
Best of 2022: Brexit transfer shake-up not helping English players in Premier League December 24, 2022 In this article from November 2022, Frank Dalleres reveals that tougher transfer market regulations following Brexit are not yet having any beneficial effect on the progress of English players in the Premier League. Brexit has drastically shrunk the pool of footballers available to English clubs without having any clear benefit to the prospects of homegrown [...]
UK appoints five new innovation experts to drive post-Brexit technology boom December 18, 2022 The UK government has appointed five, industry leading experts to make use of post-Brexit freedoms by driving innovation in cutting edge sectors that will be vital to Britain’s future growth. The five new experts will work with the government’s chief scientific advisor, Sir Patrick Vallance, to review existing rules and develop a pro-innovation, regulatory approach. [...]
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 [...]