Truss and Sunak admit NI Protocol Bill won’t pass parliament any time soon August 17, 2022 Rishi Sunak and Liz Truss have admitted the government’s plan to override the post-Brexit Northern Ireland Protocol will not pass through parliament for some time, with the deadlock set to continue for the foreseeable future. Both of the Tory leadership contenders said they were committed to the Northern Ireland Protocol Bill during a Belfast hustings, [...]
London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Bargain Hunt: After Ted Baker, foreign buyers set to continue swoop on cheap London-listed firms August 17, 2022 Lawyers expect further corporate raids on the capital’s listed businesses after Ted Baker became the latest to be picked off by foreign, private firms.
Truss has 32-point lead over Sunak in latest poll of Tory members August 17, 2022 Liz Truss is still leading Rishi Sunak by 32 points in the latest poll of Tory members as the foreign secretary inches closer to becoming Prime Minister. The ConservativeHome poll, out today, showed Truss was on 60 per cent and Sunak was on 28 per cent. The latest result is consistent with a string of [...]
A Northern Irish compromise is a balancing act of conflicts August 17, 2022 The Northern Ireland Protocol, the compromise Boris Johnson signed in October 2019 in order to secure Brexit, was – and remains – a running sore first for the Conservative party and now for the Unionist parties in Northern Ireland. The Protocol has effectively created a border down the Irish Sea, with goods moving from mainland [...]
Brexit: UK launches ‘formal dispute’ against EU over Horizon delay August 16, 2022 London has launched a formal dispute against the EU for its decision to block the UK from its €95bn science programme post-Brexit. Foreign secretary Liz Truss tonight announced the UK government had begun “formal consultations” over the long-running row and has written to the EU to “launch dispute resolution proceedings”. This is the first time [...]
Furious UK to launch dispute proceedings against EU this week for breaking Brexit trade deal August 16, 2022 The British government is planning to launch formal dispute proceedings against the European Union as soon as this week. The UK thinks Brussels is breaking their agreed post-Brexit trade agreement by excluding Britain from three international science projects, according to Bloomberg News. Britain is furious that the EU refuses to grant the UK access to [...]
Company insolvencies jump as soaring costs batter the bottom line August 16, 2022 Company insolvencies surged in July as soaring costs continued to batter firms across England and Wales, official figures have revealed.
Brexit Britain no longer seen as potential home for EU citizens: New arrivals drop by 90 per cent in just one year August 16, 2022 The number of citizens from member states of the European Union that moved to Britain has dropped dramatically, according to new figures seen by City A.M. Data from the Migration Observatory, part of the University of Oxford, showed that just under 43,000 EU citizens obtained UK visas for work, study, family or other purposes last [...]
UK sinks into unprecedented, record-breaking trade deficit with USA as low pound balloons imports value August 16, 2022 The latest trade in goods data demonstrates a weakening trade performance of the UK with the United States, the nation’s largest single-country export partner. In Q1 and Q2 2022, the UK imported £15bn – a quarterly record – and £13.8bn worth of goods from the United States as imports bounced back from a pandemic-induced dip [...]