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, [...]
Brexit minister hits back at Elton John: ‘He had his first hits before the UK became EU member’ June 29, 2021 Elton John became successful before the UK joined the bloc, Brexit minister Lord Frost said today, as he hit back at criticism from the singer over post-Brexit visa rules for musicians in the EU. Sir Elton has previously warned of a “looming catastrophe” facing the UK music industry because of new travel restrictions on touring [...]
‘Sausage war’ truce imminent as grace period extension to be announced ‘soon’ June 29, 2021 A truce in the so-called “sausage war” between the UK and EU is imminent, with a three-month extension to the current grace period expected to be announced soon. The two sides have clashed in recent weeks over the EU’s upcoming ban of chilled meats, like sausages and minced beef, crossing from Great Britain to Northern [...]
UK begins Singapore digital trade talks June 28, 2021 The UK will today start trade talks for a digital trade agreement that could remove barriers to trade and enable UK exporters to expand into high-tech markets around the world. International trade secretary Liz Truss is due to begin virtual negotiations with Singapore today for a Digital Economy Agreement (DEA). The UK is the second largest [...]