Liz Truss insists UK has not breached Northern Ireland protocol March 5, 2021 Trade minister Liz Truss has insisted Britain has not breached the Northern Ireland protocol in the Brexit trade deal, something it has been accused of doing by the European Union which has promised to take legal action. “These are temporary easements and it’s perfectly common practice whilst deals are being implemented to have temporary easements [...]
UK-Kenya trade deal in jeopardy as mood in Nairobi turns outright hostile March 5, 2021 The future of the recently signed trade agreement between the UK and Kenya seems increasingly uncertain as MPs and a group of farmers in Nairobi are threatening to shoot down the pact. Yesterday, multiple Kenyan lawmakers came out against the trade deal, saying the agreement is ‘illegal’ under Kenyan law, while a collective of farmers [...]
EU to launch legal action against UK ‘very soon’ over Brexit grace period extension March 4, 2021 The EU will launch legal action against the UK “very soon” over Britain’s extension of a grace period for checks on goods heading to Northern Ireland, the vice president of the European Commission has said. Maros Sefcovic told the Financial Times the decisions announced by the UK government yesterday had been a “very negative surprise”. Ministers [...]
Brexit: EU ‘simply can’t trust’ Britain as tensions rise over Northern Irish protocol March 4, 2021 The EU will see Britain as an untrustworthy partner after its decision to alter the Northern Irish Brexit arrangement, Ireland’s foreign minister said this morning. Simon Coveney claimed it was not the first time the EU have seen warning signs in Britain’s dealings, after the move sparked accusations of a breach of trust. The comments [...]
Brexit: EU raises ‘strong concerns’ about grace period extension March 3, 2021 The EU will raise “strong concerns” about Britain’s extension of a grace period for checks on agricultural and food products heading to Northern Ireland, the vice president of the European Commission has said. Maros Sefcovic said he will speak to David Frost, the Prime Minister’s Europe Adviser, on the implementation of EU-UK agreements tonight. “I’ll [...]
Financial services firms move £1.3 trillion to EU following Brexit vote March 2, 2021 Financial services firms move £1.3 trillion to EU following Brexit vote
London to lose out to New York under draft EU financial services agreement February 26, 2021 The City of London’s finance industry would be worse off than New York under an early draft for a cooperation agreement in financial services between Britain and the EU. An early draft of the memorandum of understanding (MoU), first seen by Reuters, has less substance than a deal the EU agreed with the United States [...]
Trading forward: How businesses adapted and are now making progress under the new relationship with the EU February 25, 2021 | Sponsored The zero tariff, zero quota trade agreement we have agreed with the EU will see UK firms able to keep doing business with Europe while enabling them to seize new opportunities as we strike trade deals with the world’s fastest growing markets. However, now that we are outside the EU customs union, there are new [...]
UK-EU meeting on Northern Ireland fails to produce breakthrough February 24, 2021 Frustrations all around as Arlene Foster's talks with the EU end with no breakthrough over trade issues
London holds firm as financial services centre of Europe February 22, 2021 Many European financial services firms are applying for permission to operate in the UK, signifying London will continue to be a leading player on the global financial stage post-Brexit. Nearly 1,500 EU-based financial services firms have applied for permission to operate in the UK, with around 1,000 of those planning to establish their first UK [...]