Labour’s business spokesperson backs easing of EU’s Solvency II insurance regulation February 10, 2022 Labour’s shadow business secretary has said he is in favour of scrapping the EU’s Solvency II directive post-Brexit in a bid to free up insurance firms to plow tens of billions of pounds into the British economy. Jonathan Reynolds said today at a UK Finance event that there was “an argument, not for deregulation, but [...]
Brexit in Bern: EU immigration row heats up as Switzerland threatens to leave Schengen area February 10, 2022 Switzerland is threatening to leave the Schengen zone if the EU countries that are part of the visa treaty move to strengthen their border force Frontex, which Brussels is pushing for. Frontex, the European Border and Coast Guard, is the collective term for national border and coast guard forces within the EU’s Schengen Area, as [...]
John Major: Johnson broke lockdown laws and is eroding British democracy February 10, 2022 Boris Johnson broke his own lockdown laws and is eroding trust in British democracy, according to former Prime Minister John Major. Major launched a withering attack on the PM today, saying his response to the partygate scandal made the government “look distinctly shifty” while too often “the truth has been optional” for ministers. Major has long [...]
Addleshaw Goddard to merge with Irish law firm, in line with fast-paced EU expansion February 10, 2022 London law firm Addleshaw Goddard is set to merge with Dublin headquartered firm Eugene F Collins (EFC), as it pushes forwards with plans for a fast-paced European expansion. Addleshaw’s merger with EFC comes as the London firm’s first expansion into Ireland as it pushes forwards with plans to double in size over the next three [...]
Bitcoin and Ethereum help drive crypto market cap back above $2 trillion February 10, 2022 The total cryptocurrency market cap yesterday returned to hallowed ground above $2 trillion for the first time in nearly three weeks
French and Germany pressure may force IAG to spin off British Airways February 10, 2022 British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines [...]
SMEs need support February 10, 2022 Since April 2020, as the pandemic started to truly bite, we’ve been getting regular feedback from our UK members about the financial outlook of their SME clients through our monthly ACCA UK and Corporate Finance Network SME Recovery Tracker. The data provides an insightful picture of the ups and downs for SMEs. We’ve seen how [...]
Britain must finally decide on the fate of the Northern Ireland Brexit border February 9, 2022 Pity Liz Truss. Sharp-suited Chancellor Rishi Sunak fired the starting gun on the Tory leadership race last week with his put down of party-king Boris Johnson. He’s immediately seen as the favourite. Liz? Well, fresh from a bout of Covid, the Foreign Secretary has the small matter of trying to catch the Chancellor while sorting [...]
Is Bitcoin’s fighting start to February losing momentum? February 9, 2022 After a strong start to the week, the crypto markets dipped slightly yesterday. The Bitcoin price reached a four-week high of more than $45k on Monday, but it has dropped by about two per cent in the last 24 hours and is currently changing hands at around the $43,500 mark. Can it regain momentum? Over [...]
Explainer-in-brief: Jacob Rees-Mogg’s promotion is a post-Brexit peace offering February 9, 2022 Jacob Rees-Mogg’s new cabinet role as the minister for Brexit opportunities will be welcome news for Tory Brexiteers and MPs on the party’s right. The appointment of Rees-Mogg, a Thatcherite and Brexiteer, in today’s reshuffle shows that Boris Johnson intends to accelerate the government’s efforts to shed EU regulation post-Brexit. There have been grumblings by [...]