Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Legal & General CEO would like to see UK ‘move more quickly’ on Solvency II reforms February 8, 2023 Insurance giant Legal & General would like to see the UK “move more quickly” in reforming the EU rules that govern Britain’s insurance sector, the head of the FTSE 100 firm’s pensions buyout segment told City A.M. Andrew Kail, chief executive of L&G’s institutional retirement business, called for “clarity” on the UK’s plans to reshape [...]
UK to narrowly avoid recession but cost of living crisis will leave families £4,000 worse off February 8, 2023 The UK is poised to narrowly avoid a recession but the cost of living crisis will still leave average Brits £4,000 worse off this year, fresh forecasts out today reveal. Britain’s economy is set to squeeze out 0.2 per cent of GDP growth in 2023, meaning it will just about swerve a technical reversal, two [...]
UK losing out on £2bn a year by not taxing shipping pollution, green groups say February 6, 2023 The UK government is missing out on £2bn a year by not taxing shipping pollution, environmentalists say, if plans to extend the Emissions Trading Scheme to the sector are applied more broadly. Introduced by the UK government after Brexit, the ETS caps the amount of greenhouse gas emissions energy-intensive sectors – such as aviation and [...]
Brexit supporters admit leaving EU was a ‘disaster’ after ‘a drink or two’, ex home sec Amber Rudd says February 6, 2023 Former home secretary Amber Rudd has claimed that some Brexiteers, after “a drink or two”, will admit that the decision to leave the EU has been a “disaster”. Ms Rudd, who stood down as an MP in 2019 amid internal Tory Party clashes over the handling of Brexit, also said she could not be in [...]
City jobs surge in year after Brexit as Barclays, JP Morgan and Revolut accelerate recruitment February 6, 2023 Finance firms ramped up efforts to hire workers in the year after Brexit, with big banks Barclays and JP Morgan and fintech Revolut leading the charge, according to exclusive figures shared with City A.M. London banks, accountants and fintechs led the recruitment charge in 2022, offering more one in two of every vacancy in England [...]
China Covid-19 case surge and Brexit disruption worry UK firms most, survey finds February 6, 2023 A surge in Covid-19 cases in China gumming up supply chains threatens to snag the UK economy, a survey out today reveals. Trade flows hobbled by workers in China being too sick to work after contracting the virus or Beijing reimposing lockdowns in response to a rise in cases ranks as the top concern among [...]
It’s true, Paris isn’t far behind London but we can still win the race to be the top city February 6, 2023 Since Brexit, Londoners have feared the moment Paris would overtake the city for the crown of financial services, but we can still keep our advantage if we compete with France’s regulatory environment, writes Chris Hayward.
Brexit activist Gina Miller claims deputy PM Dominic Raab launched ‘abusive attack’ on her as bullying row rumbles on February 3, 2023 Deputy Prime Minister Dominic Raab is facing a fresh claim of bullying after an anti-Brexit campaigner alleged he launched an “abusive attack” on her. Gina Miller said Mr Raab, who was also appointed as Justice Secretary by Rishi Sunak, was “aggressive and intimidating” during an “aggressive encounter”. A source close to Mr Raab, who denies [...]
Three years on from Brexit, it’s time for the UK and the EU to find a way to get along February 3, 2023 Three years on from Brexit, and the UK and Europe are still arguing over the Northern Ireland Protocol and failing to build up any goodwill. This will damage both sides in a fragile economy instead of building up our financial links, writes Nicolas Mackel.