Tory rebellion grows as Liz Truss, Priti Patel and Iain Duncan Smith to REJECT Rishi Sunak’s Brexit deal March 22, 2023 Rishi Sunak is facing down a growing mutiny on his backbenches as Liz Truss, Priti Patel and Sir Iain Duncan Smith are all set to vote against his Brexit deal for Northern Ireland. The former prime minister, ex-home secretary and previous Tory leader have said they will not support Sunak’s agreement negiotiated with the EU [...]
Brexiteer Tories waver on support for Rishi Sunak’s Brexit deal March 21, 2023 A key group of Brexit-supporting Conservative MPs are yet to say whether they will vote for Rishi Sunak’s Brexit deal. Parliament will vote tomorrow on the so-called Stormont brake – a key part of the prime minister’s Windsor Framework agreement that would allow the Northern Ireland Assembly to reject new incoming EU rules. European Research [...]
Brexit: Retained EU law deadline must be extended to avoid ‘rushed bonfire’ of regulations, think tank warns March 9, 2023 The post Brexit retained EU law deadline should be extended to avoid a “rushed bonfire” of business regulations, a think tank has warned. Government risks missing a “golden opportunity” to boost the quality of the statute books if it does not lengthen the December 2023 deadline for the so-called sunset clause. Most Brussels legislation will [...]
UK should restore freedom of movement, says Jean-Claude Juncker March 2, 2023 The UK should restore freedom of movement, Jean-Claude Juncker said today, adding that Rishi Sunak’s Windsor Framework deal with the EU was “a real breakthrough”. In an interview with LBC, ex-European Commission president Juncker called for Britain to have a “normal relationship” with the trading bloc, including a “kind of freedom of movement for workers”. [...]
Truss warns Sunak over Northern Ireland Protocol deal amid ‘resignation-watch’ denials February 23, 2023 Liz Truss has reportedly warned Rishi Sunak her support for any potential Northern Ireland Protocol agreement depends on retaining changes made under her foreign office posting. Former PM Truss, whose disastrous ‘mini-budget’ sent financial markets into a tailspin last year, has become the second ex-Tory leader to speak out ahead of a much anticipated deal. [...]
Labour ‘very supportive’ of post-Brexit overhaul of EU Solvency II rules February 21, 2023 Labour is “very supportive” of the government’s plans to overhaul EU rules that govern Britain’s insurance sector, shadow chancellor Rachel Reeves said. The government is eager to overhaul the EU-era Solvency II rules, which govern the sums of money insurers must hold on their balance sheets to protect themselves against bankruptcy, in a bid to [...]
Legal & General CEO would like to see UK ‘move more quickly’ on Solvency II reforms February 8, 2023 Insurance giant Legal & General would like to see the UK “move more quickly” in reforming the EU rules that govern Britain’s insurance sector, the head of the FTSE 100 firm’s pensions buyout segment told City A.M. Andrew Kail, chief executive of L&G’s institutional retirement business, called for “clarity” on the UK’s plans to reshape [...]
Aviva is ‘very happy’ with UK’s post-Brexit Solvency II reforms, top exec says January 22, 2023 Aviva is “very happy” with the current state of the UK’s plans to overturn the EU rules that govern the amounts of capital insurers must hold on their balance sheets, one of the firm’s top execs told City A.M. Adam Winslow, the chief executive of Aviva’s UK & Ireland general insurance business, said Aviva is [...]
McDonalds and Nissan could buy back Russian subsidiaries as it is revealed most Western corps have failed to exit the country January 19, 2023 The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions [...]
UK’s data watchdog to shift away from big fines to focus on prevention January 18, 2023 The UK’s data watchdog has vowed to shift away from simply hitting companies with big fines for breaching data privacy rules and instead will look to adopt a more preventative approach. John Edwards, head of the Information Commissioner’s Office, said today that he will focus on preventing data breaches from happening in the first place [...]