Liz Truss drops any hope for UK-US trade deal as Global Britain’s Brexit efforts shift to Gulf, India, Australia and Japan September 20, 2022 The Prime Minister has stressed that her trade priority is post-Brexit striking deal with the Gulf states and India, and joining a trade pact with nations including Australia and Japan. At the same time, Liz Truss conceded that negotiations for free trade deal with the US will not restart for years as she flew to [...]
Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout September 15, 2022 The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC. Discussing the figures with City A.M., Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape [...]
EU urges Britain to cut Brexit checks at border to ‘a couple of lorries a day’ September 12, 2022 Checks on goods travelling across the Irish Sea should be cut to a “couple of lorries a day”, the EU’s chief negotiator on Brexit said today. Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect of [...]
Meet Liz Truss’s top team: Who is Britain’s new Foreign Secretary, old Boris ally James Cleverly? September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key government ministers. Who are they? What has their journey been so far? Read here about the new Chancellor, Kwasi Kwarteng, and the new Home Secretary, Suella Braverman as well as the new Business Secretary, Jacob Rees-Mogg. An old ally of Boris [...]
Meet Liz Truss top team: Who is the UK’s new Home Secretary, Brexit barrister Suella Braverman? September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key government ministers. Who are they? What has their journey been so far? Also check out the new Chancellor, Kwasi Kwarteng and and the UK’s new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. A barrister who [...]
Brexit: £120m festival has just 238,000 visitors after being ‘hijacked by wokeness’ September 2, 2022 A £120m festival launched to celebrate Brexit has been branded a flop after just 238,000 visitors turned up. The taxpayer-funded so-called ‘festival of Brexit’, later renamed ‘Unboxed’ was branded “beyond parody in terms of wokeness” by the former minister for leaving the EU. In a report published by House, the publication for Parliament, organisers reportedly [...]
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, [...]