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UK trade

  • 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, [...]

  • 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 [...]

  • UK signs post-Brexit trade deal with Norway and Iceland

    December 8, 2020

    The UK just signed in London a post-Brexit rollover trade deal with Norway and Iceland. The agreement covers trade in goods, and ensures 95 per cent of goods trade with Norway and over 90 per cent with Iceland will remain tariff-free, providing businesses with certainty that they can continue to operate on the same terms [...]

  • Before the Bell: Deal or no deal, as the choreography steps up

    December 8, 2020

    Equity markets got the week off to a negative start yesterday, weighed down by a combination of concerns over rising coronavirus cases in the US, and the prospect that the UK and EU appear to be heading down a road to no deal, at the end of this month. From the initial optimism of Sunday [...]

  • Before the Bell: Fishing for a deal

    December 7, 2020

    While markets in Europe underwent a fairly mixed week, the FTSE100 was notable in undergoing a significantly strong move higher to its best levels since March, driven up by a combination of optimism over the rollout of a vaccine, which begins this week, and the prospect of a possible UK/EU trade deal. US markets also [...]

  • Brexit talks back on: Boris Johnson and Ursula von der Leyen agree to resume trade deal negotiations

    December 5, 2020

    Brexit talks back on: Boris Johnson and Ursula von der Leyen agree to resume trade deal negotiations

  • EU’s Barnier says still looking for a way to do UK trade deal

    December 5, 2020

    The European Union’s chief negotiator Michel Barnier said earlier today he would continue to look for a way to do a trade deal with Britain, but was non-committal on the chances of bridging the current impasse in the Brexit talks. “We keep calm, as always, and if there is still a way, we will see,” [...]

  • Treasury opens bidding process for first seven post-Brexit Freeports

    November 16, 2020

    From today, the Treasury will start accepting bids from cities and towns across England for the first seven Freeports, which are to be created in 2021. Ultimately, the government aims to establish 10 Freeports across the UK, the Treasury confirmed this morning. Areas given Freeport status will be given a range of tax reliefs, including on purchasing [...]

  • 90 per cent of UK trade not covered by free trade deals post-Brexit

    November 10, 2020

    Only 10 per cent of all UK cross-border trade will be covered by current free-trade agreements after 31 December, City AM understands. Fifty-two countries currently have free trade deals in place with the UK for the end of the Brexit transition period. These agreements account for only 10 per cent of the UK’s total cross-border [...]

  • Management consultancies cash in £180m for Brexit planning

    October 28, 2020

    Management consultancies have been awarded more than £180m to deliver Brexit, as the government faces mounting criticism for handing out taxpayer cash to private firms during the pandemic. Documents released yesterday showed the government has signed six Brexit contracts each worth £30m with KPMG, McKinsey, Bain, Deloitte, Accenture and PwC. Ministers said the £180m sum [...]

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