Exclusive: Capital gains tax on French properties to soar for UK residents post-Brexit December 2, 2020 UK residents with a second home in France will have to pay substantially more capital gains tax on property sales starting from next year when Britain leaves the Brexit transition period. French tax authorities confirmed today that UK residents will no longer benefit from the EU exemption from a social levies tax and will need [...]
Government slammed for relying ‘too much’ on management consultants in Brexit preparations December 1, 2020 The government relies “too much” on management consultants for work on Brexit preparations “that could be better done by civil servants”, the select committee on government spending has warned. In a wide-ranging report published today, the Public Accounts Committee slammed the government’s negligence of civil servants in preparing for Brexit, amid warnings that ministers are [...]
Alok Sharma slammed for swerving parliamentary scrutiny on Brexit December 1, 2020 A row has erupted between a Westminster committee and Alok Sharma, after the business secretary refused to attend a hearing on Brexit next week. Labour MP Darren Jones, and chair of the Business, Energy and Industrial Strategy (Beis) Committee, hit out at Sharma saying it “is a very poor show when a secretary of state [...]
Brexit: Chance of no-deal exit ‘underpriced’, says Number 10 November 29, 2020 There is still a reasonably good chance the UK will leave the post-Brexit transition period on a no-deal basis, according to Downing Street. The UK will leave the EU’s single market and customs union with or without a trade deal on 31 December. A no-deal exit would mean that trade barriers between the EU and [...]
Brexit: Intensive UK-EU trade talks entering ‘last week’, says Dominic Raab November 29, 2020 Post-Brexit trade negotiations between the UK and EU are set to enter the “last week or so” of “substantive” talks, according to foreign secretary Dominic Raab. The UK is set to leave the EU’s single market and customs union on 31 December, leaving little time to close a Brexit trade deal and get it ratified [...]
A sea apart: UK dismisses EU Brexit fishing offer as ‘derisory’ November 28, 2020 A post-Brexit trade deal appeared to be a way off this weekend after the UK reportedly labelled the EU’s offer on fishing rights “derisory”. EU chief negotiator Michel Barnier is back in London today for the latest round of talks. Face-to-face negotiations had to be postponed just over a week ago when a member of [...]
Farmers to see EU-style subsidies cut in half by 2024 – reports November 27, 2020 English farmers are set to see their EU-style subsidies cut in half over the next four years under the government’s post-Brexit transition plans. When the UK was a member of the EU, farmers were paid so-called “basic payments” under the EU’s common agricultural policy. After leaving the bloc in January, ministers continued to make payments [...]
Hooked: UK and EU stuck in Brexit deadlock over fisheries November 27, 2020 “Significant divergences” remain between the UK and EU in Brexit trade deal talks, Michel Barnier said today, as the EU chief negotiator holds crunch talks over access to Britain’s fisheries. In-person negotiations between Barnier and UK envoy David Frost are set to resume in London this afternoon after a member of the EU team contracted [...]
Today: ‘Urgent’ EU meeting on fisheries may signal breakthrough in Brexit talks November 27, 2020 Brussels’ chief negotiator Michel Barnier has summoned fisheries ministers from EU nations, indicating that a major breakthrough in Brexit talks could be about to happen. The “urgent” meeting is reportedly taking place today. Find all our Brexit coverage in one place – simply click here Future fisheries arrangements between the UK and EU have been [...]
Exclusive: Siemens UK chief says pandemic brought ‘helpful’ distraction from Brexit November 26, 2020 Since becoming CEO of Siemens and Smart Infrastructure, the UK arm of German tech powerhouse Siemens, in December of last year, most of Carl Ennis’ job has been dominated by Covid-19. Despite the many difficulties, the pandemic also brought some good, such as a distraction from Brexit, Ennis tells City A.M. in an exclusive interview. Brexit The fact that the virus [...]