Tested by Covid and Brexit, how have the UK’s borders coped over the New Year? January 4, 2021 After a final frantic negotiating push, the UK and EU agreed a free trade deal in the run-up to Christmas, much to the relief of all concerned. However, despite the deal being done, many were convinced that the New Year would see chaos across the UK’s ports and airports as travellers, businessmen and hauliers all [...]
With little ado, a divided United Kingdom casts off into the Brexit unknown January 3, 2021 By Guy Faulconbridge and Kate Holton LONDON (Reuters) – The United Kingdom began the New Year outside the European Union’s orbit on Friday after ending a tempestuous 48-year liaison with the European project, its most significant geopolitical shift since the loss of empire. Brexit took effect in substance on Thursday at the strike of midnight [...]
Brexit: UK to start talks on quick EU financial services agreement January 3, 2021 The UK government will next week begin urgent talks to try and reach an agreement by March on the future of the UK’s access to EU financial markets. City minister John Glen and senior Treasury civil servant Katharine Braddick will lead the talks for the UK. Boris Johnson’s Brexit trade deal does not include an EU-wide [...]
City minister: Square Mile will not turn into Singapore-on-Thames January 3, 2021 Britain will not slash regulatory standards in the City in a bid to win business after Brexit, the City minister has said. Addressing concerns about the future prosperity of the Square Mile, John Glen denied that rules in the financial hub would be relaxed to improve competition, insisting that its reputation relied on its regulatory [...]
Sunday Talk: Mark Ridley, CEO of real estate giant Savills January 2, 2021 In a wide-ranging interview, City A.M. discusses fundraising challenges, Brexit and the shift to home working with Mark Ridley, who has been the group CEO of Savills since 2019, the London-based, LSE-listed real estate services giant which had a revenue of £1.93bn in 2019 and currently employs around 40,000 people in the UK and across Europe. The [...]
‘I relive pandemic rather than endure lasting Brexit damage,’ says Pimlico Plumbers founder January 2, 2021 With 2020 done and dusted, the coronavirus pandemic caused havoc and helped to put last year down in the history books for the wrong reasons, London’s most famous plumber, Pimlico Plumbers’ founder and CEO Charlie Mullins, told City A.M. “Having said that, I would relive this current crisis rather than endure the lasting damage that we [...]
With Brexit completed, coronavirus is next challenge for Dover-Calais ports January 1, 2021 Now that Britain has completed its exit from the European Union, the main challenge for business in the French port of Calais is the coronavirus pandemic, the port’s chief executive said today. Jean-Marc Puissesseau was speaking to Reuters as the first ferry transporting vehicles arrived from Dover to Calais, France’s busiest road freight port, after [...]
In Calais, first trucks cross new customs border with UK January 1, 2021 Moments after Britain completed its divorce with the European Union, the first trucks hauling goods across the new customs border presented their clearance documents to French agents before loading onto a train to pass through the Eurotunnel. A barcode on Romanian driver Toma Moise’s paperwork was scanned and approved in seconds. “The future, I don’t [...]
UK and Turkey sign post-Brexit free trade deal December 29, 2020 The UK and Turkey have signed a free trade deal that will secure tariff-free trading arrangements between the two countries after Britain leaves the EU. The continuity deal, signed today by trade secretary Liz Truss, means the existing trade relationship will be maintained after the Brexit transition period ends this week. The two countries also [...]
Brexit: Top law firm says City of London won’t get a quick EU financial services deal December 29, 2020 One of the world’s largest law firms has heaped doubt on claims by the UK that it can negotiate a post-Brexit financial services settlement with the EU within the next three months. US firm Baker McKenzie – the fourth largest law firm in the world by revenue and the top firm for multinational mergers and [...]