‘Only in Brexit la la land Boris Johnson is seen as Putin’s leading opposition’ says Finnish prime minister March 22, 2022 Alexander Stubb, a former prime minister of Finland, has ridiculed the idea that Boris Johnson is one of Vladimir Putin’s fiercest opponents. The former Scandinavian leader was rubbishing claims by the prime minister that he is leading the opposition figure to the Russian president, dismissing the idea as “utter rubbish” and an “illusion.” Stubb, whose [...]
Government accused of wasting £120m on ‘festival of Brexit’ as MPs call event ‘recipe for failure’ March 16, 2022 MPs are saying the Government is wasting tens of millions of pounds of taxpayers’ money on a so-called “festival of Brexit” without any clear idea of what it is meant to be. The Unboxed: Creativity in the UK event – due to take place later this year – is supposed to showcase the best of [...]
Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine March 15, 2022 Soaring material costs have led to a steep rise in insolvencies in the retail and construction industries of almost 50 per cent. The war in Ukraine and its impact on rising fuel prices, brought concerns over supply chains pressures into sharp focus this week, new research from tax and audit specialists Mazars has shown. During [...]
EU demands billions from UK as ‘Made in China’ row widens: Britain accused of flouting Brexit rules March 14, 2022 The European Union is demanding £2.5bn in compensation from Britain for failing to apply customs rules to Chinese imports. The Court of Justice of the European Union has ruled that the UK was “negligent” in applying EU customs and import rules between 2011 and 2017, which has led to lost revenues for the EU. The [...]
£24bn Brexit rebound: UK goods imports from EU overtake non-EU trade while Russian influx soars March 12, 2022 Goods imports from the EU rebounded fat the start of 2022, despite uncertainty over changes in HMRC methodology, to overtake Non-EU countries, after non-EU imports of goods to the UK surpassed those from the EU for the first time in 2021 since the ONS started recording the data in 1997. Over £24bn worth of goods [...]
Not going anywhere: Trucks full of aid for Ukraine stuck in Britain due to Brexit red tape March 8, 2022 Frustrated charity workers have said that items they are trying to get to war-torn Ukraine are stuck at the Port of Dover due to complex post-Brexit paperwork and custom checks. Agnieszka Lokaj, who runs the Lewisham Polish Centre in south London, told Politics Home that her charity had up to five tonnes of donations that is currently [...]
A million Brits living in the EU to be stripped of pre-Brexit rights February 26, 2022 British nationals living in the EU are to be stripped of the benefits of EU citizenship now the UK has left the bloc, the European Court of Justice has been advised.
Profit margins hit hard as pricing strategies struggle to keep pace with supply chain issues, Covid and Brexit February 24, 2022 A vast majority of UK businesses are struggling to manage market fluctuations caused by supply issues, Covid-19 and Brexit and UK organisations lose out on £451,000 every year on lost productivity, thereby hitting profit margins, according to new data shared with City A.M. this afternoon. A recent study conducted by Forrester Consulting on behalf of intelligent pricing [...]
Brexit Multiverse of Madness: ‘Jacob Rees-Mogg is hoping for the reality-bending powers of Marvel’s Dr Strange’ February 23, 2022 The new Brexit Opportunities Minister, Jacob Rees-Mogg, has said that Brexit is ‘already a success’ and ‘the evidence that Brexit has caused trade drops is few and far between’. City A.M. spoke to one of the UK’s biggest international delivery firms and their response was “He said that? Well, not in our universe.” In fact, [...]
‘Rule of Origin’ Brexit rule starts to bite: UK customs duties jump 64 per cent in a year to record £4.5bn February 23, 2022 Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon. The rise comes as post-Brexit increases in customs duties begin to bite for UK businesses [...]