German-British businesses plot increased investment in UK despite Brexit April 19, 2021 More than a third of German-British businesses now plan to increase their investment in the UK over the medium term, a complete turnaround from six months ago. A new survey from the German-British Chamber of Commerce shows that 35 per cent of such firms now think they will raise investment, up from just 5.0 per [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]
UK imports to EU halve in first two months of year April 16, 2021 UK imports to the EU nearly halved in the first two months since Britain left the single market, new figures this morning showed. Imports dropped 47.0 per cent over January and February, while exports of the bloc’s products back across the Channel slipped 20.2 per cent, figures from Eurostat show. As a result of the [...]
EU will pursue legal action over Brexit rules in Northern Ireland for ‘as long as necessary’ April 16, 2021 The EU this morning warned that it would continue to pursue legal action against the UK “for as long as necessary” over post-Brexit trade issues in Northern Ireland. In talks last night, European Commission vice president Maros Sefcovic urged his British counterpart David Frost to pursue jointly agreed solutions to the issues. In a statement [...]
135 City firms switch to Dublin for post-Brexit business April 16, 2021 Dublin has been crowned the most desirable place for City jobs, as 135 firms have relocated business to the Irish capital due to Brexit, new research has revealed. Think tank New Financial has found firms to favour Dublin over its city-competitors Paris, Luxembourg, Frankfurt and Amsterdam. As firms moved to the Irish capital as a result [...]
Northern Ireland: UK asks for more time to respond to EU legal action April 14, 2021 The UK has asked for more time to respond to EU legal action over its unilateral decision to postpone checks on goods going to Northern Ireland. The EU launched legal action against Britain last month for unilaterally changing trading arrangements for Northern Ireland. Brussels said the move breached the Brexit divorce deal agreed last year [...]
Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser April 13, 2021 Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser
Buying from EU retailers post-Brexit: Delays, extra paperwork and surprise charges April 13, 2021 Nearly half of all UK consumers who bought goods from EU-based retailers since the end of the Brexit transition period on 31 December experienced some issues, such as extra paperwork, delays or surprise costs, a new survey by the consumer group found. Delays were the most common issue experienced by those who ordered products online, [...]
Support for Brexit soars after UK-EU vaccines war, says new poll April 12, 2021 A new poll has revealed that two-in-three Britons think Brexit helped the UK’s vaccine rollout and that support for leaving the EU has risen in the wake of a row over vaccines. A poll by JL Partners/Bloomberg today showed 67 per cent of Britons thought the EU had acted in a “hostile” way during the [...]
Digital pound would boost post-Brexit City, says think tank April 9, 2021 A digital pound should be at the heart of efforts to strengthen the City’s global attraction as a post-Brexit financial centre, think tank CityUnited Project said on Friday. The finance ministry will set out proposals for making Britain’s capital market more attractive after Amsterdam toppled London to become Europe’s top share trading centre following Brexit. [...]