Boris Johnson battles on as premiership is no longer on life support despite MP defection and Tory demands to resign January 20, 2022 The Prime Minister is battling on despite a senior Tory demanding “in the name of God, go” and a Conservative MP defected to Labour over allegations of rule-breaking parties in Downing Street. Former Brexit secretary David Davis called for the Prime Minister’s resignation in a Commons intervention on Wednesday before later warning the party faces [...]
And they’re off! The Tory party looks for alternatives amid Johnson struggles January 20, 2022 ON Tuesday morning of this week, the furore surrounding Boris Johnson’s attendance at a lockdown garden party in May 2020 appeared to be dying down in Westminster. The Prime Minister’s apology in the house had, it seemed, put judgment day on hold until the publication of the now infamous Cabinet Office report from Sue Gray. [...]
Brexit: Sigh of relief in the City as Brussels extends clearing deadline for EU banks and finance firms until 2025 January 19, 2022 Brussels has climbed down from a deadline to pull European finance firms’ access to London clearing houses, the bloc’s finance chief announced today. Europe is planning on extending temporary permits allowing banks, brokers and fund managers on the Continent to use UK clearing houses until June 2025. The news was first reported by the Financial [...]
Crypto markets maintain a steady course alongside the S&P 500 January 19, 2022 A flat week in the crypto markets goes on, as Bitcoin continues to consolidate within a narrow range of $41-43k.
€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn January 19, 2022 The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros. As a result, Dublin is gradually becoming a major banking hub within the EU, adding as much as €200bn to banks’ balance sheets since the UK voted to leave the [...]
Global Britain goes on £11bn Brexit spending spree in Ireland as UK imports jump by a fifth January 18, 2022 Goods imported from Ireland to Great Britain in the first 11 months of last year hit £11.2bn, an increase of more than 20 per cent, according to new figures released in Dublin. Ireland’s Central Statistics Office (CSO) said the main changes were increases in the exports of chemicals and related products and machinery and transport [...]
Post-Brexit crackdown: City watchdog threatens to boot EU firms out of London if they are not in the capital for the long haul January 18, 2022 The City watchdog has today threatened to chuck European finance firms out of London if they do not intend to stay in the capital for the long haul in a bid to take back control of the Square MIle after Brexit. The Financial Conduct Authority (FCA) issued a stark warning to EU banks, brokers and [...]
Bitcoin and co drift sideways in tandem with global stock markets January 18, 2022 Bitcoin, the largest cryptocurrency by market capitalisation, is down about 2.5 per cent since this time yesterday to just below $42k
Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]