British expats flee Spain to avoid deportation as post-Brexit rules turn them into illegal immigrants April 7, 2021 Thousands of undocumented British expats in Spain are heading back to the UK as they fear being fined or deported as a result of post-Brexit immigration rules in the southern European country. British nationals who failed to apply for Spanish residency documents or whose applications have been rejected are only permitted to stay up to [...]
UK’s economic reopening takes off as Europe lags further behind April 7, 2021 Friday’s bumper US payrolls report saw both the DAX and Stoxx600 post new record highs yesterday, following on from similarly record sessions in the US on Monday, and while the FTSE100 continues to lag behind, the FTSE250 was still able to close within touching distance of a record close. China and the US aside, which [...]
More than half of London businesses expect long-term Brexit disruption April 3, 2021 The majority of UK firms experienced some form of trade disruption following Brexit, and many expect there to be long-term disruption as a result of the new EU trading arrangements. Three-quarters (75%) of businesses have experienced some Brexit trade disruption and almost half (49%) say they expect some sort of disruption to continue in the [...]
Irish PM Micheál Martin calls for ‘reset’ of relations with the UK April 1, 2021 Irish Prime Minister Micheál Martin has called for a “reset” of relations with the UK in a bid to cool tensions between the countries over Northern Ireland post-Brexit. Martin today said he and the EU were “concerned” about the UK’s tougher stance toward issues on Northern Ireland in the past few months, which has seen [...]
Post-Brexit: City investors look beyond Europe as bounce back optimism grows March 30, 2021 Investors searching for stronger returns post-Brexit are increasingly zooming in on the Far East, with Japan and China currently being the most attractive markets for UK investors. According to new data that City-based bank and brokerage firm Charles Schwab shared with City A.M. this morning, around 68 per cent of investors in a recent survey [...]
Markets A.M. – Attention shifts to credit data with UK-EU vaccine row set to continue March 29, 2021 US markets once again finished a rather choppy week on a high, with the S&P500 setting another new record, and both the Nasdaq and Russell 200 also posting strong gains in the last hour of trading, in a broad-based uplift across the board. In a week that saw optimism and pessimism in equal measure, stock [...]
Brexit: EU expects Northern Ireland plan from UK in the ‘coming days’ March 26, 2021 The European Union is expecting the UK to set out a road map detailing how it plans to fully implement the post-Brexit agreement on Northern Ireland in the “coming days”. Both sides said talks between officials on the Northern Ireland Protocol took place in a “constructive atmosphere” today after a period of high tensions. The [...]
UK knows EU will not grant the City access to financial services: Lord Hill March 26, 2021 There is a growing realisation that the UK should not wait for the EU to give the UK access for financial services but get on with building a more competitive, outward-looking City of London, according to Jonathan Hill. Lord Hill, a former EU Commissioner for financial services who recently authored a report on easing the [...]
UK to announce ‘enhanced’ trade deal with Canada March 22, 2021 The UK is set to announce an enhanced trade deal with Canada, the trade secretary has said, after the two nations ratified a post-Brexit agreement last week. Speaking at a Conservative Friends of Australia event on Zoom this evening, Liz Truss said the UK was working “very closely” with “like-minded partners” to tackle issues such [...]
Barclays expands private bank to France and Italy in bid to grow EU business March 22, 2021 Barclays has expanded its private banking division to France and Italy as it looks to grow its European wealth business in the wake of Brexit. The bank said on Monday that it had appointed Bernard Corneau and Carlo Baronio as heads of private bank coverage in France and Italy respectively. The duo will be supported [...]