EU agrees deal to cut carbon emissions 55 per cent by 2030 December 11, 2020 EU leaders have agreed to set an ambitious target of slashing greenhouse gas emissions by 55 per cent over the next decade. The figure marks a significant increase on a target to reduce emissions by 40 per cent set in September. The deal comes after more than 10 hours of intense discussions overnight, as several [...]
Before the Bell: Preparations start for a no deal Brexit December 11, 2020 It was another mixed session for European stocks yesterday, with the FTSE100 outperforming on the back of a slightly weaker pound, but it was notable that we saw heavy falls in UK banks and other stocks with a domestic focus on no deal Brexit concerns. Brexit talks With UK/EU trade talks extended to the weekend, [...]
Boris Johnson: ‘Strong possibility’ now of a no-deal Brexit December 10, 2020 Boris Johnson has said this evening that there is now a “strong possibility” that the UK will not strike a post-Brexit trade deal with Brussels and will leave the EU on no-deal terms. Johnson’s statement comes after a meeting with European Commission President Ursula von der Leyen last night ended with both sides vowing to [...]
Paris experiences modest Brexit influx as thousands of professionals relocate December 10, 2020 Since 2016, around 5,000 employees have relocated from London to Paris as a direct result of Brexit, a report finds.
Supermarkets supplying N. Ireland to get three month grace period after transition period December 9, 2020 Supermarkets selling into Northern Ireland will have a grace period to adapt their supply systems to the post-Brexit trading reality, Michael Gove said today. When the Brexit transition period ends at the end of the year, Northern Ireland will remain aligned to the EU’s single market and goods arriving in Northern Ireland will be subject [...]
Sterling rises against US dollar and euro amid hopes of a Brexit deal December 9, 2020 Sterling rose against the US dollar and the euro today, boosted by hopes that a no-deal Brexit could be avoided. GBP is up 0.74 per cent on the US dollar and 0.72 per cent on the euro this afternoon following three days of losses. David Madden, a market analyst at CMC Markets UK, said a [...]
Starmer swerves question of whether Labour will vote for a Brexit trade deal December 9, 2020 Sir Keir Starmer has refused to answer whether Labour will vote for a potential post-Brexit trade deal in what is becoming a shadow cabinet row. Starmer said Labour would vote “in the national interest” if Boris Johnson can close a UK-EU trade deal and bring it to parliament before 31 December. Media reports this week [...]
Michael Gove insists there will be ‘no border in Irish Sea’ in Brexit divorce deal December 9, 2020 Michael Gove has defended an agreement secured yesterday on the Northern Ireland Protocol, insisting that any Brexit trade deal will not result in a border in the Irish sea. The Cabinet Office minister yesterday struck an “agreement in principle” with his EU counterpart Maros Sefcovic on post-Brexit arrangements for the Irish border. The UK agreed [...]
FTSE 100 rises ahead of PM’s Brexit trip to Brussels December 9, 2020 The FTSE 100 opened higher as Prime Minister Boris Johnson prepared to fly to Brussels for key Brexit talks and after the administration of Donald Trump in the US suggested a $916bn (£685bn) stimulus package. The index climbed 0.3 per cent to 6,580 points in early trading. Britain’s FTSE 250 index of mid-cap firms rose [...]
Before the Bell: Boris heads to Brussels December 9, 2020 After a negative start to the week on Monday, markets in Europe trod water yesterday, awaiting the next developments as we head towards the final denouement of the saga of the EU/UK trade talks, while the first day of the vaccine rollout in the UK also drew a lot of attention. “Ordinarily an event such [...]