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. [...]
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