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 [...]
British citizenship applications by EU nationals up by 83 per cent after Brexit August 26, 2021 Applications for British citizenship by EU nationals rose by 83 per cent compared with the previous year, to 74,384, according to new Home Office figures published this morning. This is the highest number of applications from EU nationals in a 12-month period since comparable records began in 2004. EU nationals accounted for more than a [...]
UK to scrap web cookie requests in post-Brexit data revamp August 26, 2021 The UK will scrap “pointless” web cookie requests as part of a major package of reforms that will replace the EU’s data laws with a new post-Brexit regime. Culture secretary Oliver Dowden today unveiled a string of new measures designed to harness the power of data to drive growth and create jobs. The move will [...]
Post-Brexit staffing issues: Shortage of festive favourites like pigs in blankets and gammon looms August 24, 2021 Britons may find festive favourites like pigs harder to come by this winter as industry labour shortages continue to bite, the British Meat Processors Association (BMPA) warned. They could be in short supply this Christmas as a result of post-Brexit issues. BMPA chief executive Nick Allen blamed the Government’s immigration policies for staffing challenges faced [...]
Wealthy City bankers ‘ditched the UK for the EU ahead of Brexit,’ survey finds August 18, 2021 Almost a hundred highly paid bankers left the UK ahead of its formal exit from the EU, the bloc’s banking watchdog said today, in a sign of how Brexit has impacted the Square Mile. The European Banking Authority (EBA) said in its annual survey of bankers earning more than €1m (£850,000) that the UK’s total [...]