London’s fintech boom ‘would have happened with or without Brexit’, Lord Mayor says February 1, 2023 London’s fintech boom “would have happened with or without Brexit”, Lord Mayor Nicholas Lyons said today, adding that the so-called Edinburgh reforms will help the City power the UK’s future economic growth. Lyons said the City achieved its reputation as a thriving hub for fintech success “independently of Brexit”. He stressed, however, that Brexit still [...]
Khan’s call to re-introduce VAT-free shopping backed by retailers who claim it would lure 1.5 million more tourists to London February 1, 2023 Kay Buxton, chief executive of Marble Arch London BID, said that Chancellor Jeremy Hunt “missed a trick” at the last Budget by not reintroducing tax-free shopping, noting that the move could have increased spending by £2.1bn.
Lord Frost: Northern Ireland Protocol negotiated with the EU puts safety of Good Friday Agreement at risk February 1, 2023 The European Union is putting the safety of the Good Friday deal at risk by refusing to change their position on the Northern Ireland Protocol, Lord Frost, Boris Johnson’s Brexit negotiator has said. Lord Frost accused “poisonous politics” in late 2020 and 2021 of undermining the original Protocol, which he himself helped negotiate. In the [...]
Brexit ‘starting to bite’ three years on but City holds out hope for Edinburgh reforms February 1, 2023 City figures are yet to be convinced by the benefits of Brexit three years down the line, but hold out hope that the government’s Edinburgh reforms could turbocharge growth in the sector over the next few years. While the City has avoided a mass exodus of jobs and maintained its status as one of Europe’s [...]
Sunak hails Britain’s “huge strides” since Brexit three years ago – though polls disagree January 31, 2023 Britain has taken “huge strides” in taking advantage of the opportunities opened up by Brexit to address the challenges facing the country, Rishi Sunak has said. In a statement to mark the third anniversary on Tuesday of the UK’s withdrawal from the EU, the Prime Minister said the country is confidently forging a new path as an [...]
The long shadow of Dominic Cummings might just start an invention boom January 30, 2023 ARIA, the government sponsored independent body is designed to fund new scientific and innovation projects. It might the last hangover of Dominic Cummings in Downing Street, writes Eliot Wilson
BP vulnerable to takeover as London bargain hunt continues, top analyst predicts January 29, 2023 UK oil and gas firms could be on the receiving end of a wave of takeovers this year as investors swoop on historically cheap London-listed companies, a top analyst has predicted.
The best cut is inflation: Hunt hits back at recession ‘declinism’ but appears to rule out tax cuts in March budget January 27, 2023 Jeremy Hunt today hit back at gloomy assessments about the UK’s economic prospects but told voters not to expect tax cuts at the March budget. In a speech at Bloomberg, the chancellor said “declinism about Britain is just wrong” adding that the economy has actually grown faster than fellow G7 nations France, Italy and Japan. [...]
Analysis: A wind brewing over energy subsidies January 26, 2023 Windfall taxes, state aid rules, subsidies in the US. Comment and Features editor Sascha O’Sullivan looks at the brewing storm over incentives for climate firms in the UK – and holding onto the ones we have. Of all the arguments during Brexit, state aid was hardly the one to get the most airtime. But it’s [...]
Former Chancellor Philip Hammond appointed chairman of crypto firm January 26, 2023 Philip Hammond, former Chancellor of the Exchequer, has been handed the role of chairman at digital asset platform Copper.