Labour: Starmer to take swipe at Corbyn’s economic legacy in Huddersfield speech February 23, 2022 Sir Keir Starmer will further outline what Labour’s economic policies would look like in government and take a shot at the direction of the party under former leader Jeremy Corbyn in a keynote speech tomorrow. Starmer will say that a Labour government will ensure “Britain will once again grow” and “build an economy of prosperity, [...]
Brexit Multiverse of Madness: ‘Jacob Rees-Mogg is hoping for the reality-bending powers of Marvel’s Dr Strange’ February 23, 2022 The new Brexit Opportunities Minister, Jacob Rees-Mogg, has said that Brexit is ‘already a success’ and ‘the evidence that Brexit has caused trade drops is few and far between’. City A.M. spoke to one of the UK’s biggest international delivery firms and their response was “He said that? Well, not in our universe.” In fact, [...]
‘Rule of Origin’ Brexit rule starts to bite: UK customs duties jump 64 per cent in a year to record £4.5bn February 23, 2022 Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon. The rise comes as post-Brexit increases in customs duties begin to bite for UK businesses [...]
Insurance bosses ready wave of investment after Solvency II shake-up February 22, 2022 Britain’s insurance giants have welcomed government plans to shake-up EU-era solvency rules as they prepare to unleash a wave of investment across the UK.
Farmers sound alarm as more than 40,000 pigs are culled and meat thrown away due to Brexit and pandemic February 22, 2022 An estimated 200,000 pigs are backed up on farms because of a lack of skilled butchers to process them, while 40,000 animals have already been culled and their meat thrown away, farmers said this morning. Farming needs “certainty, commitment and consistency” from the Government to avoid more crises like the one engulfing the pig industry, [...]
Solvency II regulations to go in first sign of post-Brexit shake-up February 21, 2022 The Government has unveiled plans to slash regulation in the insurance sector and allow Britain’s insurance giants to unleash a flood of funding into UK infrastructure projects, in a major shakeup to EU-era financial rules. Speaking to insurance bosses last night, City Minister John Glen said the Government will overhaul 2016 Solvency II regulation which [...]
Iain Duncan Smith: Government has done ‘sweet FA’ to cut EU red tape February 21, 2022 Former Tory leader Sir Iain Duncan Smith has said that the government has done “sweet FA” to make the most of the post-Brexit landscape. In an interview with the Telegraph, Sir Iain said that the UK has huge opportunities in finance and medical research, which the government is not seizing. He said that we must [...]
While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments February 21, 2022 The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports. Somerset Capital, in which Rees-Mogg holds a 12 per cent stake, reportedly invested £5.7m on behalf of clients in a company that potentially faces [...]
Khan’s mayoralty is an audition for Labour leader – but it’s at our expense February 21, 2022 Today was supposed to be an important day for the administration of London. The Crystal, the new home of City Hall in Newham, Royal Docks, was due to open and inaugurate a fresh chapter in our governance: a slimmed-down, more efficient headquarters for the mayor and the London Assembly in the east of the capital. [...]
Bitcoin’s playing it cool while the world overheats February 18, 2022 It looks like Bitcoin is keeping its head, while all around are losing theirs, says Jason Deane in his weekly report.