Chancellor: City can ‘do things differently’ in post-Brexit era December 28, 2020 Chancellor Rishi Sunak has sought to calm fears that the City will be hamstrung by a lack of progress on equivalence with the European Union. The post-Brexit trade deal signed by PM Boris Johnson last week does not go as far as many wanted in ensuring UK-based firms can work with continental partners. The PM [...]
Brits warned of Brexit disruption despite trade deal December 28, 2020 Brits will face “some disruption” when the UK leaves the EU this week despite a last-minute trade deal, the government has warned. Cabinet Office minister Michael Gove said businesses and citizens must prepare for “practical and procedural changes”, warning that time to adapt to the new rules was very tight. Gove hailed the UK’s post-Brexit [...]
Wine drinkers toast Brexit deal as French clarets, German rieslings and UK sparkling wine escape regulatory burdens December 27, 2020 Wine drinkers will have reason to celebrate at least one aspect of the Brexit deal, industry insiders say, after it emerged it will cut red tape for wine exporters and importers. Insiders had feared that the UK’s departure would entail an additional, costly regulation – in the form of the VI-1 certificate – after the [...]
Gove: Free ports and smart regulation the prize of Brexit deal December 26, 2020 Michael Gove has said that free ports, business-friendly regulation and ‘smart’ interventions to support entrepreneurs are the benefits of leaving the European Union. Writing today, the Cabinet Office minister also says that businesses have the “certainty and the ability to plan for growth and investment.” Read more: Opinion – forget Brexit, the EU is circling [...]
UK-EU financial services trade set for further negotiations December 25, 2020 A Government summary of the UK’s post-Brexit trade deal with the European Union indicates further negotiations will be required to establish market access rules for financial services firms. The document reaffirms “the integrity of our respective, autonomousequivalence frameworks,” the Government says. But specific equivalence deals will be codified in a forthcoming “memorandum of understanding.” Read [...]
PM: Brexit deal will allow the City to thrive like ‘never before’ December 24, 2020 Prime Minister Boris Johnson has said that the Brexit deal signed today will allow the City to thrive “like never before.” Asked about how much financial services figured in the deal, Johnson said there was “good language on equivalence.” He hinted that the European Union had pushed back on closer integration in the sector. “It [...]
New: Parliament to vote on Brexit deal on December 30 December 24, 2020 PM Boris Johnson has said he “hopes” Parliament will vote through his Brexit deal on December 30. The treaty will need to be ratified in Westminster in order for it come into force in time for our departure. The UK will leave the customs union and single market on December 31. Read more: Deal finally [...]
Breaking: Brexit Deal is done and PM to address nation at 3pm December 24, 2020 A Brexit trade deal has been struck. Boris Johnson and European Commission President Ursula von der Leyen have been locked in talks for days to complete a deal. Ursula von der Leyen said at a press conference: “We have finally found an agreement. It was a long and winding road but we have got a [...]
Sterling hits $1.36 amid relief over Brexit deal December 24, 2020 Sterling extended gains on Thursday and hit $1.36 on the news that a Brexit deal has been agreed. Sterling had this morning been boosted by speculation, rising 0.47 per cent to $1.35, up 0.6% on the day and heading towards the 2-1/2 year high of $1.3625 hit last week. The pound edged up to 90.05 [...]
For cod’s hake: Last minute fishing hitch delays Brexit announcement; deal could still be hours away December 24, 2020 Talks to finalise the Brexit deal have dragged into the early afternoon, with reports suggesting it could still be “several hours” before negotiations finish. Boris Johnson and Ursula von der Leyen spoke this morning to tie up a post-Brexit trade deal. The call marks the end of weeks of negotiations, with a deal held up [...]