Brexit red tape: More disruption to food supplies looming as EU is ‘not prepared’ for new UK import rules that take effect on 1 January December 30, 2021 The food industry is warning of more disruption to food supplies when new UK import rules take effect this Saturday. From 1 January, importers must make a full customs declaration on goods entering the UK from the EU or other countries. Traders will no longer be able to delay completing full import customs declarations for [...]
UK to remain one of the top six global economies post-Covid, says CEBR report December 26, 2021 The UK will stay as one of the top six global economies for the next fifteen years, according to a new forecast published by the CEBR.
UK and Australia sign its first ‘from scratch’ trade deal December 16, 2021 The UK has signed an historic trade agreement with Australia this evening, as the first ‘from scratch’ since leaving the EU,setting new global standards in digital and services and creating new work and travel opportunities for Brits and Aussies.
Early orders and Singles Day boost: Both Chinese exports and imports pick up steam December 7, 2021 European equity markets got off to a solid start to the new week yesterday as investors looked past the negativity of last week and chose to focus on the expectation that the Omicron variant, while more transmissible, may well not be as virulent as the Delta variant that is wreaking havoc across Europe. “Indications so [...]
‘Americans will be licking their lips’: Export of UK lamb to US from January as three decade-old ban ends December 4, 2021 Exports of British lamb to the United States are set to resume in January. The Department for Environment, Food and Rural Affairs (Defra) announced that the United States Department of Agriculture (USDA) has amended the rule which currently prevents imports of lamb from the UK into the US. The amended “small ruminant rule” will come [...]
US to push back on trade deal with UK over Brexit concerns December 2, 2021 Biden’s administration is planning on delaying its deal to remove tariffs on UK metals left over by the Trump administration, due to concerns about potential post-Brexit trade rules affecting Northern Ireland. In a communication seen by the Financial Times, a US commerce department official said that negotiations with the UK on easing steel and aluminium [...]
Calls to protect farmers from Kiwi meat and dairy products after post-Brexit trade deal with New Zealand October 21, 2021 The impact of the post-Brexit trade deal the government has struck with New Zealand will be felt by farmers in such a way that they require protection, the Scottish Government has said. Responding to the deal struck between Boris Johnson and Jacinda Ardern, the Scottish Government said it would not offset the effects of Brexit. [...]
UK trade bodies rebel against ‘cartel-like’ shipping costs October 19, 2021 Make UK, the trade body representing UK manufacturers, has called on the Competition and Markets Authority (CMA) to open an investigation into the shipping sector’s “cartel-like practices” when it comes to the increase in prices. Writing a letter to the CMA alongside the British Chamber of Commerce (BCC), Make UK has said that the “increase [...]
UK farmers over the moon as Biden agrees to lift 32-year old US ban on British lamb September 22, 2021 President Joe Biden’s administration is planning to lift a 32-year old ban on the import of British lamb, in a move that has delighted sheep farmers in the UK. Prime Minister Boris Johnson highlighted the move to lift the ban while speaking to reporters in Washington D.C. earlier this afternoon, as he admitted he is [...]
Government’s trade export finance numbers were fudged, says panel of MPs September 20, 2021 MPs on the Commons’ international trade committee have accused the government’s export credit agency of exaggerating the number of UK businesses it supported in the last year. UK Export Finance (UKEF) directly helped a “significantly lower” number of companies than its “headline figure of 549 business supported” in the 2020-21 financial year, the committee found. [...]