Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]
Impacts of Covid and Brexit hard to uncouple, MPC appointee Dr Swati Dhingra June 29, 2022 Dr. Swati Dhingra said that the impacts of Covid and the impacts of Brexit are still difficult to differentiate. In an oral evidence session following her appointment to the Monetary Policy Committee, Dr. Dhingra said “We’re still struggling with how to distinguish between the impacts of Covid and Brexit,” with the EU exit date coinciding [...]
Brexit ideas: Boris Johnson wants to recreate the Roman Empire to achieve UK-EU co-operation June 29, 2022 Boris Johnson wants a modern recreation of the Roman Empire as a way of achieving co-operation between Europe and its neighbours. The Prime Minister set out his vision of a partnership that included Turkey and North African states as an alternative plan to Emmanuel Macron’s idea of a European political community. Macron said the Prime [...]
£31bn boost for Global Britain as UK exports to Commonwealth markets hit highest level in 15 years June 28, 2022 Exactly one month away from the Commonwealth Games in Birmingham, new analysis shows today that goods exports to the Commonwealth reached £31.6bn in the 12 months to April of this year, the largest respective period in over 15 years. It is larger than the amount of goods exported to other key nations like Germany (£30.1bn), [...]
UK food standards under threat after years of Brexit chaos and Covid upheaval June 28, 2022 The UK is facing “significant risks” to its food standards following two years of upheaval, according to a new report. The Food Standards Agency (FSA) and Food Standards Scotland (FSS) released the first of what will be an annual report highlighting changes and challenges facing the UK’s food system. The two agencies said it comes [...]
London IPOs in decline since Brexit vote as British companies flock to New York June 24, 2022 London’s IPO market share has dropped since the Brexit vote as British companies seek to list in New York. Listings in the UK are at their lowest in over 10 years despite the government relaxing some rules to attract IPOs and make London a post-Brexit listings favourite. IPO activity in the country dropped to about [...]
Brexit has damaged UK’s competitiveness, reduced productivity and lowered Brits’ real wages, LSE says June 22, 2022 A new bombshell study said this morning that Brexit has damaged Britain’s competitiveness, reducing productivity and lowering workers’ real wages in the years ahead. The report said Britain has experienced a decline of 8 per cent in trade openness – trade as a share of economic output – since 2019, losing market share across three [...]
Trade Secretary touches down in Saud-Arabia to kick off talks on £33bn trade deal with six Gulf states June 22, 2022 The UK economy could receive a boost of up to £1.6bn a year via a trade deal with six Gulf stations. Talks on such an agreement kick off today with a meeting in Saudi Arabia. Trade Secretary Anne-Marie Trevelyan will meet representatives of the Gulf Co-operation Council (GCC) in Riyadh to begin negotiations on a [...]
Brexiteer Jacob Rees-Mogg accused of ‘playing silly games’ with security staff by refusing to wear parliamentary pass June 20, 2022 Brexit opportunities minister Jacob Rees-Mogg has been accused of “playing silly games” with parliamentary security, by not wearing his pass to enter the Westminster estate. The eccentric Tory politician who is also responsible for government efficiency was criticised this week by the PCS union, over claims he refused to wear the pass on him at [...]
Let’s hope the second Brexit battle is less exhausting than the first June 18, 2022 The sequel is rarely as good as the original. Jaws 2, for instance, was beset by problems from the off. Steven Spielberg said he had already directed “the definitive shark movie” and refused to take part – a replacement director, John Hancock, was then booted out, not before complaining that the mechanical shark provided by [...]