‘Brexit has failed to deliver a single benefit while communities bear the brunt’, angry Scottish minister tells UK govt January 31, 2022 Scotland has not seen any benefits from Brexit, a minister has said ahead of a meeting with the UK Government. Scotland’s Rural Affairs Secretary Mairi Gougeon hit out at the UK leaving the EU two years on from the finalisation of a deal to leave the bloc. Ahead of a meeting of the inter-ministerial group [...]
Brexit: UK share of EU export and import trade tumbles further as cross-Channel trade declines January 31, 2022 The UK’s share of EU27 goods exports fell from 6.2 percent in 2019 to 5.2 percent last year, while its share of EU27 goods imports fell from 3.9 percent to 2.6 percent over the same period, according to new figures published in Germany today. The decline comes after Britain’s share of exports dropped from 7.1 [...]
Putting passengers first: Airlines to offer compensation if domestic flight is an hour late January 31, 2022 Airlines could be forced to offer passengers compensation if their domestic flight is an hour late, according to new UK ministers’ plans. Under the new plans, the UK Government will replace the current EU rules – which allow passengers to ask for compensation if flights are delayed by more than three hours – with a [...]
Johnson to meet tech bosses in push to make London more attractive for IPOs January 31, 2022 Boris Johnson will today meet with a group of tech bosses to discuss how to make the UK a more attractive destination for Initial Public Offerings (IPOs) post-Brexit. It comes as the government is set to shed or ease a series of EU regulations on financial services later this year in a bid to boost [...]
Wanted: A new culture war chair of the watchdog Ofcom. Anyone? Anyone? January 31, 2022 It’s been a busy time for news, as Russian forces mass on the border of neighbouring Ukraine and the British political establishment grapples with the mental image of being ambushed by a cake. So you may be forgiven for failing to notice that the government is once again advertising the position of chair of Ofcom, [...]
Poke House looks for stock market boost as it eyes London listing January 31, 2022 Holly Williams, PA Restaurant chain Poke House has revealed plans for a stock market flotation in London and New York after sealing the latest deal to expand its global footprint. The Californian-inspired poke bowl chain, which last year bought Ahi Poke in London to launch its assault on the UK market, is eyeing an initial [...]
Domestic air passengers set for more generous compensation scheme for delays January 31, 2022 Neil Lancefield PA More passengers will receive compensation for delayed domestic flights under plans announced by Transport Secretary Grant Shapps. The Cabinet minister is proposing to make travellers entitled to payouts for flights within the UK which arrive at their destination more than one hour late. The UK currently uses the European Union’s EU261 rule, [...]
‘Tax-cutting Conservatives’ Boris Johnson and Rishi Sunak confirm tax rise is going ahead January 30, 2022 The Prime Minister and Chancellor have doubled down on a controversial planned tax hike to boost health funding, after it was reported that Boris Johnson was “wobbling” on the policy. The PM is under pressure from some Conservative MPs to scrap or at least delay the national insurance increase to win back support as he [...]
UK tech special: The rocky but unstoppable rise in startup valuations January 30, 2022 The accelerated growth of startup valuations has sparked debate around the world, particularly in the markets where this has been reflected in the most significant raises and the speediest unicorns. Despite ongoing pandemic uncertainty, a quarter of the UK’s 116 unicorn tech companies became unicorns during 2021. Investment climbed significantly, up to £26bn in 2021 [...]
Weekend Read: Brexit and the pandemic have cost UK businesses £250bn, each January 30, 2022 The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic. British companies have lost over £250bn to Covid and an equal amount to Brexit by the end of 2021, but the Brexit tally is now rising faster, The Centre for Economics and Business Research found that Covid-19 lockdowns had [...]