No plans to delay EU laws ‘bonfire’ deadline, says government April 1, 2023 The government has said that there are no plans to delay the deadline of the so-called “bonfire” of EU laws following reports that Rishi Sunak’s pledge, scheduled to be completed by the end of the year, was proving difficult. The Times reported on Saturday that Downing Street is considering a six-month extension to the Government’s [...]
Four day week, recession fears, Brexit and banking: The top five business news stories on City A.M. March 31, 2023 This week started off with markets trying to settle themselves after the chaos in the banking sector, so attention turned to work itself and the idea of a four-day week made for one of the most read stories online. Along with that story here are the four others that were the top five read business [...]
What is the CPTPP trade bloc, why has Britain joined it, and is it really about ‘post Brexit freedoms’? The jury’s out March 31, 2023 Britain has formally joined a major Indo-Pacific trade bloc as prime minister Rishi Sunak said it allowed the UK to take advantage of “post-Brexit freedoms”. But does it really allow the UK to become a global player once again? The jury is out. The PM hailed the UK accession to the Comprehensive and Progressive Agreement [...]
UK to join Indo-Pacific trade bloc CPTPP in major ‘milestone’ March 31, 2023 The UK is to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc, in a major “milestone” for post-Brexit trade, the government has confirmed. Ministers announced the deal making the UK the first European nation to join the major Indo-Pacific free trade bloc, worth a total of £11 trillion GDP, after negotiating [...]
Britain joining the CPTPP trade bloc isn’t about economics, it’s about influence March 31, 2023 As with most things, it’s best to ignore the hype and the haters: joining the CPTPP is a good thing for the UK.
Sunak says ‘fantastic progress’ made in talks to join Indo-Pacific trade bloc March 30, 2023 Rishi Sunak said “fantastic progress” has been made in talks on joining an Indo-Pacific free trade bloc, amid expectations that the UK could be welcomed into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) imminently. The prime minister said it was “a great benefit of Brexit” for the UK to be able to sign [...]
City of London chiefs: We’ve lost our undisputed global finance crown March 30, 2023 THE CITY OF LONDON CORPORATION’s annual report into global financial centres has for the first time put New York joint-top alongside the capital – with a warning that the Square Mile’s competitive advantage is “at risk.” According to the updating ranking compiled by the body which governs the City, London – which had come top [...]
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
Grain and a grape: Chapel Down sparkling wine sales fizz as Kent company sloes down gin and vodka focus March 29, 2023 Winemaker Chapel Down has reported a jump in sales and profits with drinkers snaffling up record numbers of it sparkling wine. The Kent-based company said sales of traditional-method sparkling wine – which includes its brut and sparkling bacchus – surged by more than 50 per cent over 2022, as the business took steps to become [...]
Kwarteng stung: Mini budget chancellor offered to set up meeting between fake firm and Boris Johnson for ‘£10k’ March 27, 2023 Former chancellor Kwasi Kwarteng offered to facilitate setting up a meeting between a fake foreign firm and former prime minister Boris Johnson during a sting interview. Mr Kwarteng was caught up in a hoax organised by campaign group Led By Donkeys in which he was approached about providing political advice to a bogus company it [...]