Britain has ‘most to lose from Brexit’, says French finance minister December 14, 2020 The French finance minister Bruno Le Maire has said that he believes the UK has more to lose from Brexit than the EU. “The British people will be the biggest losers from Brexit … Brexit, to use an expression of the late John Le Carre is a political, economic and historical folly,” Le Maire told France info radio. Le [...]
Brexit will not affect UK vaccine supplies, says business secretary December 14, 2020 UK Business Secretary said that a no-deal Brexit will not affect supplies of the Pfizer/BioNtech Covid-19 vaccine.
Pound jumps more than one per cent after Brexit talks extended December 14, 2020 Investors have driven the pound up more than one per cent against the dollar and euro amid optimism about the extension of Brexit talks. Yesterday, UK Prime Minister Boris Johnson and EU Commission president Ursula von der Leyen agreed to “go the extra mile” and extend the deadline for trade talks. Von der Leyen said [...]
Before the Bell: Deadlines come, and deadlines go December 14, 2020 Uncertainty over the prospect of a stimulus deal or economic aid package saw US markets finish last week on the back foot, as US politicians once again put party politics ahead of the people they are supposed to represent. “With a deadline fast approaching by year end US lawmakers are once again split down the [...]
London retains finance jobs as Brexit fails to deliver blow to the City December 14, 2020 Warnings that Brexit would deliver a major shock to the City’s financial services jobs have failed to pay off, with international banks maintaining the bulk of their UK staff since the 2016 referendum. A survey of 24 major international banks and asset managers by the Financial Times found that the majority had increased their London [...]
Supermarkets begin stockpiling food in case of no-deal Brexit December 13, 2020 The UK’s largest supermarkets have begun stockpiling food and other products, after being warned about the potential of a no-deal Brexit by the government. Supermarkets and ministers are reportedly worried about the prospect of consumers panic buying before 1 January if the UK leaves the EU without a deal, while food producers are warning of [...]
Brexit trade talks to continue in Brussels as EU and UK vow to ‘go extra mile’ December 13, 2020 Post-Brexit trade talks will continue in Brussels next week after both sides vowed to “go the extra mile” to close a last minute deal, however Boris Johnson has also said the two sides are “very far apart” and that no-deal is now the most likely option. European Commission President Ursula von der Leyen said she [...]
Brexit: Boris Johnson and EU chief von der Leyen to speak at lunchtime in last ditch bid to save a trade deal December 13, 2020 Boris Johnson and European Commission President Ursula von der Leyen will speak at lunchtime today in a bid to save faltering post-Brexit trade negotiations. The pair are expected to decide whether there is a pathway to a trade deal or whether to end talks today, with less than three weeks left until the UK leaves [...]
EU banks losing appetite for exposure to Brexit Britain December 12, 2020 Banks in the European Union may be losing their appetite for exposure to Britain, the EU’s banking watchdog said yesterday. There are concerns in the bloc that a no-deal Brexit, which is looking increasingly likely, could disrupt financial markets. Britain will stop having full access to the EU after 31 December, and many banks in [...]
EU confirms Brexit-adjusted carbon market permit removals for 2021 December 12, 2020 The European Commission confirmed late on Friday how many pollution permits will be removed from the European Union carbon market in 2021 due to the UK’s departure from the scheme at the end of this year. The carbon market is the EU’s flagship climate policy, forcing power plants, industry and airlines running intra-EU flights to [...]