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 [...]
Exclusive: Haulage firm insolvencies highest since January 2019 as Brexit and driver shortages bite September 8, 2021 June 2021 saw 31 haulage firm insolvencies, the highest in a single month since January 2019 as Brexit and driver shortages bite, according to data from Tower Bridge-based audit firm Mazars that was shared exclusively with City A.M. this afternoon. The fall in shipments between the UK and EU and between Great Britain and Northern Ireland since Brexit has [...]
Covid and Brexit brew ‘perfect storm’ as Ikea stores hit by supply issues September 6, 2021 Ikea has been hit by the UK’s current lorry driver shortage, as it confirmed it is struggling with supplying around 1,000 of its product lines. The shortages, including mattresses in some stores, has been ignited by both the pandemic and Brexit, the Swedish furniture giant said. “Like many retailers, we are experiencing ongoing challenges with [...]
Shortages and price hikes: Brexit bravado risks ripping up retailers’ Christmas stockings September 3, 2021 The festive season may be months away, but major retailers usually start stocking up for Christmas in September. This year, however, the government’s “Brexit hubris” means it is refusing to allow EU-based drivers to return and end Britain’s HGV driver shortage, according to David Jinks, head of consumer research at international delivery firm ParcelHero. He told [...]
Next boss calls for UK immigration shakeup amid lorry driver shortage September 1, 2021 Lamenting the national lorry driver shortage, Next boss Lord Simon Wolfson has called on the Home Office to shape up its immigration rules to allow overseas hauliers into the UK. The trickling supply of HGV drivers has led to 94 per cent of hospitality businesses reporting problems with the delivery of products, according to trade [...]
Exclusive: City’s venture capital guru on Brexit, ESG fundraising and impact investing August 31, 2021 With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January [...]
Brexit exclusive: Up to 80,000 EU nationals may be forced to leave UK August 26, 2021 As many as 80,000 EU nationals could lose their right to live in the UK due to errors in EU Settlement Scheme applications, according to data by City law firm Bates Wells, shared with City A.M. this afternoon. Bates Wells warns that many of these applicants will be unable to get a new job or [...]