Govt drags feet with new digital markets bill October 25, 2022 A new report by MPs on the Business, Energy and Industrial Strategy Committee has called on the Government to push forward with a draft Digital Markets Bill that would allow regulators to take a more proactive approach to curbing big tech dominance. The bill would enshrine the Competition and Markets Authority’s (CMA) Digital Markets Unit (DMU) [...]
UK exports to India hit record levels despite crucial post-Brexit trade deal missing today’s Diwali deadline October 24, 2022 The UK is exporting and importing record volumes of goods with India despite complications around a trade deal which look set to miss todays planned Diwali date for completion. Exports in July (£939m) and August (£913m) surpassed £900m for the first time ever recorded which puts the total volume of exports to India so far [...]
Brexit Brits were sold ‘a mirage’ as UK’s destiny ‘clearly’ lies in Europe, says EU bigwig October 24, 2022 Brits voting for Brexit primarily did so because they were sold “a sort of mirage” and it is “clear” the UK’s future lies firmly in Europe, a prominent member of the European Commission said over the weekend. French politician Thierry Breton, who is in charge of the internal market within the European Commission, told RTL [...]
Exclusive: How London’s prime property financing space weathered Brexit, Covid and market mayhem October 24, 2022 Prime property finance is experiencing a boom in demand but battling falling prices. Yet, as the most resilient part of the market shows it can insulate itself from Brexit, the pandemic and current financial woes. While not immune from external shocks, its ability to recover faster than the rest of the industry makes it a [...]
Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
Terra Firma boss says UK may need bailout from IMF and now ‘sick man of Europe’ due to Brexit deal October 24, 2022 A leading investment chief has predicted the UK may need a bailout from the IMF and is now the “sick man of Europe” because of the way Brexit was negotiated. Guy Hands, founder of private equity firm Terra Firma, said the UK’s investment landscape was bleak and the Conservatives “not” fit to run the country. [...]
Ignore the soothsayers, the next election is still up for grabs if our economy settles October 24, 2022 Is there anything a new leader can do to turn around the Tories’ electoral chances?
To win over the bond market, it has to be Dishy Rishi October 23, 2022 Tim Martin is the CEO of JD Wetherspoon In selecting the next Prime Minister, MPs need to bear in mind that the terrible twins, the bond market and inflation, feeling increasingly disrespected by central bankers and politicians , are angry and emotional – and are watching their every move. The mere revelation on Friday that [...]
UK misses Diwali deadline for India free trade deal October 23, 2022 The UK has missed its deadline to sign a trade deal with India by Diwali, with no end in sight to negotiations between the two most powerful Commonwealth countries. The Department for International Trade said the UK and Indian governments have “closed a majority of chapters” of the deal, but that there will be no [...]
Rishi Sunak announces leadership bid as he vows to ‘lead with integrity’ October 23, 2022 Rishi Sunak has formally launched his bid to be Tory leader and Prime Minister, vowing to “lead with integrity” in a clear attack on Boris Johnson. Sunak, the bookmakers’ favourite to become next UK Prime Minister, said “I want to fix our economy, unite our party and deliver for our country” in the wake of [...]