Brexit red tape ties up musicians touring EU and cuts into earnings September 7, 2023 Mountains of expensive Brexit-induced paperwork is costing eight in ten British musicians their hard-earned cash, a new report has found. Of 1,500 music artists and professionals touring Europe, one third reported post-Brexit paperwork is hurting their earnings, according to a new study by industry body UK Music, first shared with news site PoliticsHome. Eight in [...]
‘Bespoke’ Brexit deal signed off as UK to rejoin EU’s £85bn Horizon science scheme September 7, 2023 The UK is to return to the European Union’s £85 billion Horizon science research programme following months of negotiations. The Government said a “bespoke” new agreement has been signed off with the EU, with UK researchers able to apply for grants and take part in Horizon projects. Prime Minister Rishi Sunak said: “We have worked [...]
Brexit: Dover port chief calls for transition period ahead of new EU border checks September 7, 2023 The chief executive of the Port of Dover has called for a transition period to avoid significant disruption next year when the EU’s new border control system starts.
The Notebook: Dinesh Nayar says thank you for the music, in all its forms September 7, 2023 The Notebook is where interesting people say interesting things. Today it's Dinesh Nayar runs Creator Studio, a Stockholm-headquartered merch firm which is growing its presence in the capital.
Brexit: Sunak closing in on UK rejoining EU Horizon science scheme September 6, 2023 Rishi Sunak appears set to announce that the UK will rejoin the European Union’s £85bn Horizon science research programme. Sources familiar with the negotiations between the two sides said on Wednesday that the Prime Minister has given the go-ahead for a deal to be finalised. The level of compensation for the UK being frozen out [...]
A Stoke Newington gelato serves up a reminder that immigration makes London tick September 6, 2023 An 8pm queue for a Stoke Newington gelato joint may not be an obvious starting point for a column about the City’s competitiveness, but start there we will. Every evening, especially in this welcome burst of long-overdue sunshine, there is a line at least 10-or-so outside of Romeo & Giulietta. Amongst the families bribing small [...]
Foreign takeovers tumble as rising rates and wild prices scupper London bargain hunt September 5, 2023 The number of foreign buyers swooping on UK firms tumbled sharply in the second quarter as a predicted deals raid sputtered out amid rising interest rates and volatile markets, official figures show.
Klarna global boss doubles down on UK investment despite regulation uncertainty September 5, 2023 Buy-now pay-later giant Klarna will double down on a UK investment drive despite lingering uncertainty around a clampdown on the sector by regulators this year, its global chief has pledged. Sebastian Siemiatkowski, founder and chief of the Swedish fintech, told City A.M. that the UK remained a key market for the firm despite a push [...]
Recession risks loom as UK’s service sector falls into negative territory September 5, 2023 The impact of higher interest rates saw the UK's all important service sector fall into contraction for the first time since January as the risks of a recession grew ever larger.
Rising star Claire Coutinho faces gruelling start in energy secretary role September 5, 2023 Claire Coutinho has taken over energy policy from Grant Shapps, and faces a highly challenging start to her new role.