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 [...]
Venture capital to play major role in European private equity December 21, 2022 Go big or go home, there is no time to be risk-averse as venture capital investments are set to play a major role in European deal values throughout 2023. The venture capital (VC) game was primarily played in the US however, since 2013 the European asset class has grown from €60bn (£52.6bn) assets under management [...]
Workforce shrinkage risks roiling growth and embedding inflation December 20, 2022 A workforce squeezed by older Brits retiring earlier threatens to intensify inflation in the UK and whack economic growth, a new report out today claims. The some 565,000 people who have left the jobs market since the start of the Covid-19 crisis will drag on a UK economy that is already tumbling into an at [...]
Despite Brexit: Octopus’ Bulb deal could trigger EU involvement, says lawyers December 19, 2022 Octopus Energy's takeover of Bulb could breach EU state aid rules, according to senior competition lawyers.
Brexit: European nurses don’t want to work for NHS, report suggests December 19, 2022 Brexit-induced migratory hurdles and poor wages have made Britain an unattractive destination for Europe's nurses.
Despite Britain’s Brexit borders, immigration at record 1m a year to become ‘new normal’ in UK December 19, 2022 Britain must prepare for a new era of high immigration caused by UK domestic need and changes in global economics and politics, a new think-tank paper said today. The post-pandemic immigration rate of 1.1m arrivals a year could be the start of a trend towards historically high migration levels in the coming decades, according to [...]
UK appoints five new innovation experts to drive post-Brexit technology boom December 18, 2022 The UK government has appointed five, industry leading experts to make use of post-Brexit freedoms by driving innovation in cutting edge sectors that will be vital to Britain’s future growth. The five new experts will work with the government’s chief scientific advisor, Sir Patrick Vallance, to review existing rules and develop a pro-innovation, regulatory approach. [...]
City chamber of commerce launched to help Square Mile firms navigate challenges December 15, 2022 The City’s chamber of commerce has launched a new body dedicated to supporting business within the Square Mile. London Chamber of Commerce and Industry announced the creation of the City of London Chamber this week. It will be a forum for firms of all sectors to convene and and discuss ideas, from the biggest banks [...]