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 [...]
Frost replaces Gove with “more assertive stance” on EU February 19, 2021 PM Boris Johnson replaced Michael Gove as EU relations minister with Lord David Frost, chief negotiator of last year’s Brexit deal, on Wednesday. Downing Street said Frost would have a seat in cabinet and take over all responsibility for dealings with Brussels. The newly-appointed EU relations ministers wants to take a more “hardline” stance on [...]
Exclusive: Brewin Dolphin’s CEO on Brexit, pandemic market sentiment and why ESG is not so clear-cut February 18, 2021 As the City comes to terms with a new post-Brexit reality and slowly looks towards a post-pandemic recovery, City A.M sits down with the CEO of one of the Square Mile’s best-known investment managers, Robin Beer of Brewin Dolphin. Beer, who joined the firm in 2008, initially managed the Nottingham office and was regional director [...]
British music exports to hit £1bn by 2030 amid song rights boom February 18, 2021 The value of British music exports could double to £1bn by 2030 if the UK cashes in on the surging value of music rights and growth in new markets after Brexit, according to a new report. The rise of streaming services such as Spotify has fuelled a boom in music assets, with global revenues from [...]
City counts the cost of Brexit but eyes turn to new global opportunities February 16, 2021 As temperatures hit record lows in February, parts of London’s financial markets are feeling the cold as consequences of Brexit bed in. The much reported toppling of London as the continent’s top share-trading hub in January is a symbolic moment more than a significant economic shift, but it plays into a wider discussion about the [...]