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Brexit

  • Accounting sector veteran Pauline Wallace named UKEB’s first permanent chair

    August 31, 2022

    Accountancy sector veteran Pauline Wallace has been named as the first permanent chair of the UK Endorsement Board (UKEB). The former PwC partner will start her three-year term as head of the body set up to ensure the UK complies with international accounting standards on 11 September 2022. Following Brexit, the UKEB was set up [...]

  • Brexit: Large UK corporations suspected of underpaying more than £25m in taxes

    August 30, 2022

    Large UK corporations have been suspected of underpaying £25.3m in post-Brexit import duties from the EU.  Research from multinational law firm Pinsent Masons showed that the amount of taxes under consideration by the HMRC has increased by 97.5 per cent in the year ended 5 April, going up from £620,000 in 2021.  “The amount of [...]

  • Furious UK to launch dispute proceedings against EU this week for breaking Brexit trade deal

    August 16, 2022

    The British government is planning to launch formal dispute proceedings against the European Union as soon as this week. The UK thinks Brussels is breaking their agreed post-Brexit trade agreement by excluding Britain from three international science projects, according to Bloomberg News. Britain is furious that the EU refuses to grant the UK access to [...]

  • UK launches post-Brexit trade scheme for 65 developing countries extending tariff cuts

    August 16, 2022

    The UK has launched its post-Brexit scheme to support trade with developing countries, extending tariff cuts to hundreds of products. The Developing Countries Trading Scheme (DCTS) was announced today by International Trade Secretary Anne-Marie Trevelyan, in a bid to go further than the  EU’s Generalised Scheme of Preferences. The initiative covers 65 countries Africa, Asia, [...]

  • Brits in EU slide into Brexit banking limbo as some UK banks shut their accounts

    August 15, 2022

    Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut. A range of British banks, including Barclays, have told UK citizens living in the EU that they will no longer be able to have and use their account in member states, primarily in [...]

  • Sunak or Truss should have ‘backbone’ to strike free movement deal with EU, says Ryanair chief

    August 11, 2022

    The next prime minister should have the “backbone” to secure a deal with the European Union to open up the free movement of labour, Ryanair’s chief executive Michael O’Leary said this morning. He told BBC Radio 4’s Today programme: “I think the first thing they should do to boost the British economy is prioritise a [...]

  • Rare admission: Jacob Rees-Mogg says he was wrong to claim there would be no Brexit delays in Dover 

    August 2, 2022

    It was wrong to state there would be no delays at Dover caused by Brexit, Jacob Rees-Mogg said this morning. The Brexit opportunities minister was adamant in the past that any backups when crossing the Channel would be witnessed in Calais But after holidaymakers faced chaos on gridlocked roads on the British side of the [...]

  • US ambassador enters Brexit snakepit: ‘Everybody has to give a little for the sake of Northern Ireland’

    July 28, 2022

    Jane Hartley, the US ambassador to the UK, has joined the Brexit debate by calling for further negotiations to find a way to make the Northern Ireland Protocol work. Jane Hartley said indecision is “never a positive” when it comes to economic investment, as she spoke of the importance of finding a resolution to the [...]

  • UK in talks with Israel for post-Brexit trade deal as £34bn contract up for grabs

    July 20, 2022

    Black cabs, whiskey and lucrative contracts for Tel Aviv’s Metro are all on the table, as Britain and Israel enter talks for a post-Brexit trade deal to the tune of £78m per year. Negotiations have been held between International Trade Secretary Anne-Marie Trevelyan  and the Israeli envoy, Tzipi Hotovely, today. Trevelyan is looking to expand [...]

  • UK risks losing American investment unless post-Brexit trade disruption is fixed

    July 18, 2022

    The UK risks forgoing a wave of US investment unless it irons out its post-Brexit trading relationship with the European Union (EU), a new report published today warned. The UK-US economic corridor remains strong, but would be strengthened by London cooling tensions with Brussels, according to a report by consultancy Bain and Company and BritishAmerican [...]

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