President Trump threatens to double tax rates for foreign firms January 22, 2025 Donald Trump has threatened to double tax rates for foreign nationals and companies in the US in what he said was a bid to hit back at “discriminatory” duties on American firms. The President set out a memo on his ‘America first’ trade policy on Monday which referred to an almost 100-year old element of [...]
London coaxes bankers back from political chaos in Europe December 8, 2024 Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the channel, sometimes due to requests from European regulators, and sometimes to stay better connected to the continent. A senior banking source told the [...]
Boost ‘growth prospects’ with reset, Reeves to tell EU finance meeting December 8, 2024 Rachel Reeves will argue that a more business-like relationship with the EU can help Britain boost its “growth prospects”, at a meeting with the bloc’s finance ministers. Reeves will on Monday address the European Union’s financial heads in Brussels, becoming the first Chancellor to do so since Brexit, ahead of her next overseas visit to [...]
UK net migration hit record 906,000 peak before 20 per cent fall November 28, 2024 Net migration in and out of the UK has dropped by 20 per cent to around 728,000 in the past year, official figures have shown, after hitting a record peak of 906,000. The level reached a higher than previously thought figure of 906,000 in the year to June 2023, according to fresh data from the [...]
UK turning away from EU ‘socialism’ would spur Trump on trade deal – adviser November 16, 2024 Donald Trump would be more willing to clinch a free trade agreement with the UK if it turns away from the EU’s “socialism” and towards a US model, a senior economic advisor to the president-elect has said. Stephen Moore, who is advising Trump as he prepares for office, said the UK “has to choose” between [...]
How German politics went kaput November 12, 2024 After the collapse of its shaky ‘traffic light’ coalition, Germany is once again the sick man of Europe, says Rainer Zitelmann German chancellor Olaf Scholz (SPD) has sacked his finance minister Christian Lindner (FDP) and delivered an aggressive speech personally insulting Lindner. This is a drastic shift in tone for the otherwise calm chancellor, who [...]
Georgia goes to the polls in make-or-break vote for country’s future October 26, 2024 Georgians headed to the polls on Saturday in a ballot many citizens see as a make-or-break vote on the opportunity to join the European Union. The pre-election campaign in the South Caucasus nation of 3.7m people has been dominated by foreign policy and marked by a bitter fight for votes and allegations of a smear [...]
London 2012 medallist hires Bosman lawyer to reinstate Paris place October 24, 2024 When Elena Congost Mohedano, a blind marathon runner, crossed the finish line in Paris last month, the Spaniard thought that she had completed the set of Paralympic medals with a bronze at the age of 37. Her delight turned to anguish, however, after she was disqualified for letting go of the tether to her guide [...]
UK and EU energy giants call for post-Brexit North Sea ‘green power hub’ October 15, 2024 UK and EU energy firms are urging their governments to overhaul the post-Brexit trading set up in a bid to construct a North Sea “green power hub” and unlock investment. Some 20 top power firms and lobby groups have written an open letter to European and British energy ministers to urge them to prioritise a [...]
FIfa admits it will have to rewrite football’s transfer rules October 14, 2024 The European Court of Justice ruled this month that Fifa’s existing regulations do not comply with EU law.