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 [...]
UK to fast track some perishable goods at ports from 1 January December 12, 2020 The UK will fast track the movement of some perishable goods when its Brexit transition period with the European Union ends on 31 December as part of efforts to deal with expected disruption at British ports, the BBC reported earlier today. The UK government has warned that even with a trade deal with the EU, [...]
Navy patrol ships on standby to protect UK from EU’s fishy business December 11, 2020 Four Royal Navy patrol ships are on standby for 1 January in case of a no-deal Brexit, ready to help to protect the UK’s fishing waters. The 80-metre long armed vessels would have the power to halt, inspect and impound all EU fishing boats operating within the UK’s exclusive economic zone (EEZ), which can extend [...]
Macron promises not to ‘have cake and eat it’ in Brexit negotiations December 11, 2020 French President Emmanuel Macron has insisted that the EU is not “asking to have its cake and eat it” in Brexit negotiations on fishing rights. Responding to a question on the European Commission contingency plans for a no-deal Brexit this morning, Macron said “I don’t want to have my cake and eat it too. No, [...]
Professional services firms to be called on to help make sense of Brexit December 11, 2020 Professional services firms will play an important role in deciphering a Brexit deal – should the UK get one – or what the rules will be in the event of a no-deal scenario. Time is running out for the UK and the EU to agree a post-Brexit trade deal. On the last day of the [...]