Labour rushes to deny Starmer plans to ‘unpick’ Brexit or take UK back into single market July 4, 2022 The Labour is rushing to deny allegations it plans to undo parts of Brexit, with Baroness Jenny Chapman, a shadow minister of state at Cabinet Office, has denied that Labour has plans to “unpick” Britain’s departure from the European Union. Labour leader Sir Keir Starmer will later vow not to take the UK back into [...]
UK business bosses most pessimistic since the start of the pandemic over inflation and Brexit July 1, 2022 Business chiefs in the UK are at their most disheartened since the early days of the Covid pandemic. Soaring inflation and Brexit pains have crippled confidence on economic outlook with consumer confidence at a historic low. The Directors’ Economic Confidence Index by the Institute of Directors, a measure of economic confidence of over 400 business [...]
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 [...]