Nigel Farage will host own prime time show on GB News July 17, 2021 The Reform UK party leader has announced he will host a weekday evening show called “Farage” on GB News starting on 19 July, and said he “will not be taking the knee” on the show. “Watch my new Prime Time evening show on GB News from next week. Tune into “Farage” Mon – Thurs at [...]
Goldman Sachs boss champions post-Brexit London and expects 70 per cent of staff back in office July 16, 2021 Goldman Sachs boss Richard Gnodde said the company was as committed to its London head office as ever, buoyed by his belief that the UK capital will remain dominant as a world-leading financial centre post-Brexit. “For us we’ve been very clear, the centre of gravity for our workforce is our buildings, and in London it [...]
UK says Brexit divorce bill is £37.3bn, more than £3bn lower than EU’s figure July 15, 2021 The Treasury today gave an estimate of the UK’s Brexit divorce bill that is £3bn lower than the European Union’s latest figure. Chief Secretary to the Treasury Steve Barclay updated MPs on Thursday to say that the current value of the financial settlement is £37.3bn. This is significantly lower than the updated figure of 47.5bn [...]
Post-Brexit NI: Trade deal has bigger hangups than so-called ‘sausage war’ July 15, 2021 The UK and the European Union’s post-Brexit trade deal has bigger hang-ups than the so-called “sausage war” would have let on, a Northern Ireland retail head told MPs. There are much larger problems that lie ahead for the trade industry, Northern Ireland Retail Consortium director Aodhan Connolly said. Speaking at a hearing on the impacts [...]
Charles tours Goldman Sachs office to acknowledge post-Brexit commitment to London July 15, 2021 The Prince of Wales has visited the London offices of Goldman Sachs to acknowledge the US investment bank’s commitment to keeping its European headquarters in the capital after Brexit. The heir to the throne toured the firm’s Plumtree Court offices near Fleet Street in central London on what aides said was a visit designed to [...]
The City post-Brexit: A discussion about the Square Mile’s future in Global Britain July 14, 2021 This discussion focuses on the Treasury’s strategy paper on MIFID2, the proposed review of the prospectus regime, the post-Hill Review and the latest Treasury paper on Solvency2. Also on how and whether the UK should open up more to cryptos in the wake of the crackdown on Binance, and thoughts on what we could/should do [...]
Brexit fishing deal ‘far away from sea of opportunity’, industry chief says July 14, 2021 UK fisheries have been left high and dry by the post-Brexit trade deal agreement with the European Union, an industry body boss has said today. The National Federation of Fishermen’s Organisation boss, Barrie Deas, has urged the government to up its support for the sector when the so-called ‘adjustment period’ ends in 2026. The trade [...]
Brexit: EU unlikely to throw doors open to UK financial services, says Bailey July 13, 2021 Andrew Bailey, Governor of the Bank of England, said on Tuesday he does not expect the EU to open the doors to UK financial services exports following Brexit. “On equivalence, I think it’s fair to say that nothing really has moved forwards” Bailey told a news conference today. Brussels has yet to decide whether rules governing the [...]
Calls for UK to match European business support from £4.6bn post-Brexit EU fund July 13, 2021 A new report has called on the government to clarify if it will support British firms if they are affected by an uneven playing field that could be created by a €5.3bn fund subsidising its Brexit-impacted industries. If EU countries decide to use much of the new Brexit Adjustment Reserve funds to subsidise private businesses as [...]
Downing Street clashes with Brussels over €47.5bn Brexit divorce bill July 9, 2021 The UK has hit back at the EU over its hefty Brexit divorce bill, saying it did not recognise the figure and insisting the final payment would remain within the government’s own projections. The bloc last night said Britain was liable to pay €47.5bn (£41bn) to the EU as part of a post-Brexit financial settlement. [...]