Brexit cancels bonfire night: Import rules reduce UK firework supply by 70 per cent September 22, 2021 The UK is receiving just 30 per cent of the fireworks stock that suppliers usually have for the year, City A.M. has been told today. In fact, there won’t be enough fireworks for the usual Bonfire Night celebrations, and as the date approaches, low supply will increase prices for consumers, according to Doncaster-based supplier Fireworks [...]
Brexit ‘gloom-mongers’ have been proved wrong as UK is prospering, says Lord Frost September 16, 2021 The UK is “prospering vastly” following the split from Brussels, the Brexit minister said as he stressed the Government’s aim to create “a high wage, high productivity economy”, rather than one “reliant on cheap labour”. Brexit “gloom-mongers” have therefore been proved wrong following the UK’s departure from the European Union, Lord Frost told Parliament. The [...]
FCA probes three traders for market abuse around time of Brexit vote September 16, 2021 The Financial Conduct Authority has issued formal warnings to three traders from an unnamed bank who carried out market abuse around the time of the 2016 Brexit vote. The FCA accused the individuals of ‘spoofing,’ a practice where traders place orders on financial assets they do not intend to complete in order to manipulate markets. [...]
Liz Truss: UK faces choice between embracing Brexit opportunities or ‘staying in our comfort zone’ September 14, 2021 Spending nearly 50 years in the European Union has made some businesses and government employees “defensive” about trade, the International Trade Secretary said this afternoon. In a speech earlier today, Liz Truss set out how the UK’s post-Brexit trade strategy will be increasingly about attempting to secure business with eastern growth markets in India and [...]
Exclusive: UK customs duties shoot up by 42 per cent to record £2.2bn since Brexit September 14, 2021 UK businesses and consumers have paid 42 per cent more in customs duties on goods since Brexit came into force on 1 January of this year, according to new data shared with City A.M. this afternoon. The jump to £2.2billion in customs duties – paid in the year from 1 January to July 31 of [...]
Brexit is an ‘unnecessary and unforgivable act’ that will cause long-term damage, says Nicola Sturgeon September 13, 2021 Nicola Sturgeon described Brexit as an “unnecessary and unforgivable act” that is damaging Scottish businesses and causing food shortages. Scotland’s First Minister said this afternoon: “That is what this Tory Government has done – and there may yet be worse to come. “The combination of the pandemic and a deeply hostile immigration policy is also [...]
Brexit hit: Stephen Rubin’s Pentland moves to Ireland September 12, 2021 Citing Brexit, the chairman of Pentland Group has relocated overseas according to The Times, who first reported the news. Stephen Rubin was Britain’s biggest taxpayer three years ago according to The Sunday Times Tax List. His brand management company Pentland Group is the largest shareholder in JD Sports, and owns other sports clothing brands including [...]
Brexit: EU boss Sefcovic warns Northern Ireland protocol haggling will prompt ‘instability’ September 10, 2021 European Commission vice-president Maros Sefcovic today said the controversial Northern Ireland Protocol – a policy of trade checks for good moving between Great Britain and the EU via the island of Ireland – must be “properly implemented”. The Brussels representative also warned the UK that any renegotiation of the Northern Ireland Protocol would cause “instability, [...]
Three is the latest mobile network to reintroduce EU roaming charges September 9, 2021 Three has become the third mobile network following Brexit to reintroduce roaming fees when travelling abroad of £2 daily. The firm follows rivals EE and Vodafone which recently announced the return of £2 daily charges, while O2 has kept free roaming so long as it is deemed “fair use”. The move is a particular defeat for Three [...]
Gordon’s wine bar: ‘Insane paperwork’ putting pressure on supplies September 8, 2021 London wine venues are experiencing shortages of some wines thanks to red tape and driver shortages. The Wine and Spirit Trade Association has warned some of the country’s favourite wines could be unavailable in the run up to Christmas. Bars and restaurants have struggled to keep menu items available because of shortages of packaging products [...]