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      The anatomy of a bank tax: what can the UK learn from Europe?

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european union

  • Britain to rejoin EU’s R&D Horizon scheme after months of hard post-Brexit talks

    July 5, 2023

    Britain and the European Union (EU) are edging closer to a deal on the UK’s re-entry into the Horizon Europe research programme. Sources said negotiators have produced a draft document following months of talks, with Rishi Sunak expected to consider it in the coming days. However, the prime minister could still reject the proposals over [...]

  • Cleverly hails ‘close and friendly’ UK-EU ties after Brexit in landmark Brussels speech

    July 3, 2023

    James Cleverly hailed the “close and friendly” cooperation between London and Brussels in a speech to EU parliamentarians. The foreign secretary said the “level of trust” between him and European Commission diplomat Maros Sefcovic was part of the reason the Windsor Framework was secured. He accepted that it had taken “slightly longer” than many would [...]

  • Cleverly to hail ‘new chapter’ in UK-EU relationship in Brussels today

    July 3, 2023

    James Cleverly is today expected to hail a “new chapter” in the UK-EU relationship in his first speech to the European Union Parliament in Brussels. The foreign secretary will welcome a new era of refreshed “close and friendly UK-EU cooperation” as he addresses the UK-EU Parliamentary Partnership Assembly (PPA) in Brussels today. It follows the [...]

  • Nigel Farage claims he may have to leave UK after bank accounts closed

    June 29, 2023

    Nigel Farage has claimed he may have to leave the UK after his bank accounts were closed. The former UKIP leader and Brexiteer today posted a six-minute long video on Twitter, stating his accounts had been closed and he was unable to secure banking services elsewhere. He wrote: “The establishment is trying to force me [...]

  • Jeremy Hunt to sign ‘milestone’ financial services agreement with EU

    June 27, 2023

    Chancellor Jeremy Hunt will today sign a long-awaited deal with the European Union on improving regulatory cooperation for financial services, in a move that Hunt said will boost the City as a “global financial services hub”. Hunt and EU financial services commissioner Mairead McGuinness will sign a Memorandum of Understanding (MoU) at the European Commission [...]

  • Brexit Day: Sadiq Khan ‘effectively banned’ from flying EU flag at City Hall

    June 23, 2023

    London Mayor Sadiq Khan has been been “effectively banned” from flying the EU flag at City Hall on the seventh anniversary of the Brexit referendum. The European Union flag, which features 12 gold stars on a blue background, was removed from a list of exemptions which do not require planning permission before being flown. A [...]

  • Google is ‘killing off industries’ with online ad monopoly, tech bosses tell Westminster committee

    June 21, 2023

    Several small tech companies have accused Google of stifling competition due to its monopoly of the online advertising market – amid calls to increase competition by lawmakers. The House of Lords communications and digital committee heard the tech giant is “killing off industries”, and that its dominance leads to higher prices. In the hearing which [...]

  • UK businesses face regulatory minefield as EU votes in new Artificial Intelligence Act

    June 18, 2023

    UK businesses must brace themselves to adhere to new EU artificial intelligence (AI) standards if they plan to trade in the bloc, lawyers and industry experts have said. It comes as members of the European Parliament voted overwhelmingly last week to adopt the Artificial Intelligence Act, which aims to encourage “human-centric and trustworthy” AI. Tamara [...]

  • UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation

    May 19, 2023

    The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]

  • EU top body lifts economic growth forecast saying Europe dodged dreaded recession

    May 15, 2023

    The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy crisis. The outlook for the 20 countries using the euro currency improved to growth of 1.1 per cent this year from 0.9 per cent in the previous predictions in February, the [...]

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