Bitcoin outstrips gold and stock markets as boards turn green again February 15, 2022 The crypto markets are up again this morning, with the Bitcoin price pushing towards $44k for the first time since last week.
Brexit: City firms to be cut off from EU derivatives clearing access after June 2025 February 15, 2022 UK-based derivatives clearing houses will no longer have access to the European Union after June 2025, the EU’s financial services chief has said. Mairead McGuinness confirmed that the EU will no longer allow non-EU, UK-based firms to operate within the bloc from the summer of 2025, “I am very clear that June 2025 is the [...]
Moderna in late stage talks for UK research facility in post-Brexit boost February 14, 2022 Famed vaccine maker Moderna is reportedly in late-stage investment talks for a research facility in either London, Oxford or Cambridge. The US biotech company is looking to collaborate with the NHS, the Financial Times first reported, in a move which would be a “key element” of the UK’s post-Brexit ambition to become a global life [...]
Crypto markets unmoved by Super Bowl interest February 14, 2022 The Bitcoin price starts the week above $42k, around the same as this time yesterday and also this time last week.
Explainer-in-brief: Love you, love you not: the new China-UK relationship February 14, 2022 In a bid to snuggle up to China’s economy, Boris Johnson has tasked the department for international trade to hold the first high-ministerial talks with Beijing since 2018. Rishi Sunak has moved to restart the UK-China Economic and Financial Dialogue, also cancelled in 2019. The timing of these decisions is a bit baffling, given that [...]
Rees-Mogg backs post-Brexit push for UK to adopt other countries’ regulations February 14, 2022 Jacob Rees-Mogg has thrown his weight behind calls for the UK to unilaterally adopt other countries’ product regulations post-Brexit to avoid creating new red tape for international trade. Rees-Mogg, who is the new minister for Brexit opportunities, said proposals drawn up by the free market Institute of Economic Affairs (IEA) think tank should be welcomed [...]
Boris Johnson will ‘restore smaller state’ in Number 10 reset, says Barclay February 13, 2022 Boris Johnson’s government will take a “step back from people’s lives” as a part of a pivot to a more traditional conservative platform, new Number 10 chief of staff Steve Barclay has said. Barclay said the government will “restore a smaller state” and “make the centre of government work like the best-run companies” as Johnson [...]
Brexit: £25.4bn non-EU imports overtake EU imports for first time with China trade at all-time high February 13, 2022 Annual UK goods imports from outside the EU have surpassed the value of those from within it for the first time since ONS records began in 1997, according to new data shared with City A.M. this weekend. Imports from the UK’s nearest trading bloc totalled £22.2bn compared to £25.4bn from all other countries in 2021 [...]
What a week it’s been for cryptocurrency February 11, 2022 Jason Deane rounds up a remarkably eventful week in the world of global economics and cryptocurrency.
Dear Jacob Rees-Mogg, it’s time to make good on Brexit promises with new City rules February 11, 2022 Business leaders once again find themselves pondering the shape and size of Britain’s economy post-Brexit. Brexit was always designed to be a two-part plan. Part one was leaving. But, as noted in the report by the Public Accounts Committee, for some sectors it’s been a triple whammy of red-tape, double regulation and rising compliance costs. [...]