Not over yet: UK ‘liable to pay EU €47.5bn’ in Brexit divorce bill July 8, 2021 The UK is reportedly liable to pay €47.5bn (£41bn) to the EU as part of a post-Brexit financial settlement. The EU’s consolidated budget report for 2020, seen by RTE News, states that the UK owes the bloc €47.456bn under a series of articles to which both sides agreed as part of the Brexit Withdrawal Agreement. [...]
Ocado deploys lorry drivers to help with national shortage as more names ask government for help July 7, 2021 Ocado has had to deploy some of its own lorry drivers to help its suppliers get stock to its warehouses amid a national shortage of lorry drivers. CEO Tim Steiner told trade magazine The Grocer that Ocado itself was handling the ongoing driver shortage well, but that some of its suppliers were struggling. “We are [...]
Having regained control from EU, MPs want to hand policing of the City over to regulators July 6, 2021 Brexit: Having regained control from EU, MPs want to hand policing of the City over to regulators
Premier Foods calls on government to deploy army amid severe lorry driver shortage July 2, 2021 Mr Kipling manufacturer Premier Foods has called on the government to consider using the army to distribute goods to help relieve a severe shortage of truck drivers that could see supermarket shelves left bare. Last week industry leaders warned Britain could face gaps on supermarket shelves this summer and an “unimaginable” collapse of supply chains [...]
London IPOs record best start in seven years July 2, 2021 Floatations and fundraisings in the City recorded their best start in seven years, according to figures published today. Total equity raised in London topped £27bn in the first six months of this year, driven by strong investor appetite for high-profile listings such as software firm Darktrace. 49 IPOs raised over £9bn in the first six months [...]
Brazil is the most complex country to do business, Denmark the easiest July 1, 2021 Brazil ranked first in the list of the most complex jurisdictions to do business in 2021, according to the eighth Global Business Complexity Annual Report Index (GBCI). The bureaucracy involved while incorporating a business and dealing with different tax rates in cities and states puts Brazil on top of the most complex place for business. [...]
Brexit: UK and EU still no closer to financial services deal July 1, 2021 The Chancellor today confirmed that the UK and EU have still not reached a post-Brexit financial services agreement. Speaking at Mansion House, Rishi Sunak said “our ambition had been to reach a comprehensive set of mutual decisions on financial services equivalence. That has not happened.” Sunak confirmed that the UK and EU have failed to [...]
The wurst is over: UK and EU strike ‘sausage war’ truce June 30, 2021 The UK has today agreed a three month grace period for the export of chilled meats to Northern Ireland with the EU as the two sides reached a truce in the so-called “sausage war”. The extension means that Northern Ireland consumers will be able to continue buying chilled meat products from Great Britain until 30 [...]
EU nationals leaving the UK is driving worker shortage, says Homeserve CEO June 30, 2021 There is a shortage of skilled workers because of EU workers leaving the UK, the boss of home repair company Homeserve said today. As well as in construction, staff shortages have been seen hospitality, HGV driving and in meat processing as a combination of Brexit and Covid-19 has prompted EU migrants to leave the UK. [...]
UK to EU exports rise to near pre-Brexit levels as trade deficit drops June 30, 2021 After a catastrophic start to the year, UK exports to the EU have risen to near 2019 levels, before the UK exited the European Union. In April 2021, EU exports were down around two per cent from the same time two years ago, according to ONS stats, marking a considerably better performance than in January, [...]