Post-Brexit change: EU state aid rules to be replaced by new UK regime June 30, 2021 Post-Brexit change: EU state aid rules to be replaced by new UK regime
UK current account deficit narrows to £12.7bn June 30, 2021 The UK current account deficit narrowed to £12.7bn in the first quarter of 2021 as the reintroduction of restrictions to curb the spread of coronavirus hit the economy and dampened import demand. Figures from the ONS published today show the current account deficit – the difference between money flowing into the UK and money leaving [...]
Brexit: High court rejects attempt to overhaul Northern Ireland protocol June 30, 2021 Belfast’s high court has today dismissed a legal challenge to the Northern Ireland Brexit protocol. The Belfast court ruled that the EU Withdrawal Act supersedes claims that the Protocol breaches the Acts of Union between Britain and Ireland. The ruling will be welcomed by UK and EU negotiators who are set to announce a range [...]
Shop prices fall faster in June June 30, 2021 The price of goods in UK shops fell at a faster rate in June than in May as businesses sought to maintain momentum in consuming spending, according to data published today. The British Retail Consortium’s Shop Price Index showed shop prices dropped 0.7 per cent annually in June, a faster rate than May’s 0.6 per [...]
Confidence among London businesses reaches highest level for almost three years June 30, 2021 Confidence among businesses in London has reached its highest level for almost three years, according to new research published today. Lloyds Bank Commercial Banking’s latest Business Barometer shows business confidence in the capital rose 17 points to 41 per cent in June 2021 – the highest level since September 2018. London ranked second behind Scotland, [...]
Taxpayers could lose billions through pandemic support schemes June 30, 2021 Taxpayers could lose tens of billions of pounds through support schemes set up to limit the impact of Covid-19, the committee that is responsible for overseeing government expenditure has warned in a report published today. A lack of scrutiny within Covid-19 loan schemes has “significantly increased” taxpayer exposure to fraud and error, the Public Accounts [...]
Pound dips below $1.39 on mounting concerns over Delta variant June 29, 2021 Pound sterling dipped below $1.39 today as concerns about the Delta variant of coronavirus gather momentum. The pound was down 0.26 per cent against the greenback to buy $1.38 this afternoon. The fall suggests investors are concerned that the rapid spread of the Delta variant of coronavirus first identified in India could impact the UK’s [...]
FTSE 100 climbs despite mounting concerns over Delta variant June 29, 2021 London’s FTSE 100 climbed on Tuesday despite mounting concerns over the spread of the Delta variant of coronavirus. The capital’s premier index rose 0.39 per cent to 7,100 in afternoon trading. The gains come as data from the Bank of England shows households recorded positive net consumer borrowing for the first since August, fuelling hopes [...]
NatWest limits transfers to Binance and other crypto exchanges June 29, 2021 Concerns over investment scams and fraud has prompted NatWest to cap the daily amount customers can transfer to cryptocurrency exchanges, including Binance. The measure is intended to target several exchanges and digital asset firms. The maximum threshold differs depending on the platform and is around the thousands of pounds, NatWest said. The news was first reported [...]
Consumer credit borrowing exceeds repayments for first time since August June 29, 2021 Households borrowed more in consumer credit than they repaid in May for the first time since August, according to Bank of England data published on Tuesday. Net consumer credit was £280m in May, reversing a trend seen throughout the majority of the pandemic as households reined in spending whilst the economy was shuttered. The positive [...]