‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
US issues final Brexit warning to UK not to take unilateral action as American delegation visits Dublin and Belfast May 23, 2022 The UK government has been warned by a delegation of US politicians not to unilaterally remove the Northern Ireland Protocol as such a move “will not work”. Democratic Congressman Dan Kildee urged Foreign Secretary Liz Truss to engage in face-to-face negotiations with Brussels to resolve the outstanding issues. It comes as the bipartisan US congressional [...]
‘Brexit is a mistake and London will be damaged’ warns Sir Howard Davies as NatWest chair claims ‘Boris Johnson hates the Treasury May 23, 2022 SIr Howard Davies, the chairman of banking giant NatWest, has called Brexit ‘a significant mistake’ as the City grandee said he is not very optimistic about the future of the UK. In fact, Sir Howard said he is concerned about the long-term impact Brexit will have on the City of London. In an interview with [...]
Brexit boost: UK trademark disputes double following Britain’s exit from the European Union May 23, 2022 The number of UK trademark disputes has soared to record highs due to a surge of trademark applications following Britain’s exit from the European Union. Disputes in the UK more than doubled from 3,584 in 2020 to 8,026 in 2021, according to new research from intellectual property (IP) law firm Mathys & Squire. The surge [...]
Brexit beating for British scientists as academics sound alarm over UK exclusion from £95bn Horizon program May 21, 2022 The EU has confirmed it will block the UK’s participation in the EU’s £95bn Horizon Europe programme as part of the escalating row over the Northern Ireland protocol. The UK’s association with Horizon Europe was the source of debate in the run up to the Brexit deal and is still being defined following the agreement, [...]
Ay caramba! UK kicks off negotiations with Mexico for £4bn post-Brexit trade deal May 20, 2022 International Trade Secretary Anne-Marie Trevelyan is set to fire the starting gun on free trade talks between the UK and Mexico during the visit of her Mexican counterpart, Tatiana Clouthier to London this afternoon. Officials said UK negotiators would be looking to go “further and deeper” in terms of integrating ties in a relationship already [...]
Simply forget any UK-US trade deal if Britain kills off Brexit protocol, warns political heavyweight Nancy Pelosi May 20, 2022 US House speaker Nancy Pelosi has said it is “deeply concerning” the UK Government is seeking to “unilaterally discard the Northern Ireland Protocol”, adding that doing so will result in Congress not supporting a free trade agreement with the UK. The congresswoman said on Twitter: “It is deeply concerning that the United Kingdom now seeks [...]
French citizenship confirmed: Boris Johnson’s father Stanley becomes EU national while UK faces Brussels head on over Brexit May 19, 2022 European media are reporting that Stanley Johnson, the father of Prime Minister Boris Johnson, has obtained French citizenship. Johnson Sr was given a French/EU passport after he applied for citizenship in January 2021. According to various media across the continent, including the Italian newspaper La Stampa, the procedure to obtain French citizenship has ended and [...]
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities May 18, 2022 Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning. The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant [...]
Impact of post-Brexit trade deal with New Zealand examined by parliamentary committee May 18, 2022 Post-Brexit trade with New Zealand is being brought into focus this morning, with Westminster’s top trade committee examining the impact of the free trade deal signed in February. The arrangement between the UK and the Pacific nation, which is more than 18,000 miles away, is being looked at by two panels, focusing on services and [...]
Brexit: Government finds UK unity more important than potential trade war with EU, says minister May 18, 2022 The Northern Ireland Minister said this morning that the unity of the country outweighs the potential impact of a trade war with the EU. Conor Burns said he expects to reach a compromise with the EU, though legislation would be brought before Parliament regardless. On the threat of a trade war with the EU, he [...]