Wealthy Brits see inflation as biggest threat in 2023 with worst sleep for older millionaires December 29, 2022 High-net-worth-individuals see inflation as the most significant risk to their personal finances in 2023. While younger respondents remain fairly confident in the future of the UK economy and their own wealth, older HNWIs express significant concerns. Just a third (34%) of 55-64s and less than a quarter (23%) of over 65s say they feel confident [...]
Not ‘appropriate’ for UK to publish details of post-Brexit Israel trade deal impact December 28, 2022 The government has said it is not “appropriate” to publish full details of a post-Brexit trade deal with Israel. Details of the agreement which boosts £5bn trade between the countries won’t be made public, the department for international trade (DIT) confirmed today. The deal has a strong focus on boosting UK services exports to the [...]
The year in City A.M. front pages December 28, 2022 As 2022 comes to a close, we look back on how the turbulent last 12 months were reported on from our very own newsroom. It would be fair to say the last year has been a tumultuous one. It started with the ending of pandemic restrictions and the onset of a cost of living crisis. [...]
Number of takeovers and mergers halved in 2022 but ‘bargain basement prices’ to turn tide in 2023 December 27, 2022 The number of big takeovers and mergers involving UK-listed companies nearly halved this year as investors were deterred by market volatility, political instability and recession fears. But the tide is set to turn in 2023, with buyers eyeing up quality British companies trading at “bargain prices”, experts said. There were 49 bids for London-listed firms [...]
Beefy Brexit row: Deal with Australia is ‘success’ says envoy Lord Botham, after ex minister’s criticism December 27, 2022 Lord Ian Botham, the government’s trade envoy to Australia, is at loggerheads with a former minister over the success of the post-Brexit deal. The ex cricket star, affectionately known as ‘Beefy’, hit out at George Eustice who branded the agreement signed in 2021, who said he “no longer has to put such a positive gloss [...]
Ex Russian leader: In 2023, UK to rejoin EU, Musk will be US president and France to fight Germany December 27, 2022 Britain is going to rejoin the EU and it will collapse, while France will go to war with Germany and Elon Musk will be the US President, according to former Russia PM and President. The ex Kremlin leader made a series of bold predictions on Twitter which also included Northern Ireland joining the Republic, and [...]
Best of 2022: Brexit transfer shake-up not helping English players in Premier League December 24, 2022 In this article from November 2022, Frank Dalleres reveals that tougher transfer market regulations following Brexit are not yet having any beneficial effect on the progress of English players in the Premier League. Brexit has drastically shrunk the pool of footballers available to English clubs without having any clear benefit to the prospects of homegrown [...]
Explainer-in-brief: Two years on, Brexit is still creating hurdles for businesses December 23, 2022 Brexit is again in the spotlight – is anyone surprised? – as a new survey published this week found that more than three quarters of companies doing business with the EU think the deal is of no help in growing their economic activity. More than half of the British Chambers of Commerce members said they [...]
Britain baulks at Biden’s £330bn green subsidy package December 23, 2022 Britain has voiced its disapproval of Joe Biden’s extensive US package for green subsidies, warning they are protectionist and could harm UK energy firms. Kemi Badenoch, the UK’s international trade secretary has reached out to her US counterpart, criticising the Biden administration’s £327bn ($395bn) green economy package. In a letter seen by the Financial Times, [...]
Half of UK firms find trading with EU difficult post-Brexit, says new survey December 21, 2022 More than half of UK businesses who trade overseas are finding it difficult to trade goods with the EU post-Brexit, according to a new survey. A new poll from the British Chambers of Commerce found that 56 per cent of firms “face difficulties adapting to the new rules for trading goods” with the EU and [...]