Government could save UK industries from higher carbon costs this winter January 4, 2022 The government could cut the amount carbon-intensive industries pay amount pay for each tonne of carbon they emit into the atmosphere.
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Bitcoin’s teen spirit gets off to a gentle start January 4, 2022 It’s been a gentle start to the year, with the Bitcoin price continuing to trade in the same range between $46,000 - $51,000.
Strict new Brexit transport rules make UK businesses ‘give up’ on EU imports: ‘Simply not worth the hassle’ January 4, 2022 Many British businesses may “give up importing” as a result of new strict rules that came into force on Saturday, on 1 January, a former senior civil servant in charge of Brexit planning has warned. Philip Rycroft, who was permanent secretary at the Department for Exiting the European Union (DExEU) between 2017 and 2019, said [...]
Higher roaming bills for millions of Brits from this week as Brexit allows EE and Vodafone to slap steep new fees on trips to Europe January 4, 2022 Two of the UK’s four biggest networks – EE and Vodafone – are reintroducing roaming charges for customers travelling to Europe from this month, with Three also set to reintroduce them in May 2022. Since Saturday, customers who joined or upgraded with EE after July 7 2021 will face a £2 daily charge for using [...]
Truss warned to set end date for Northern Ireland Protocol talks with EU January 3, 2022 Liz Truss has been warned by unionist leaders that there will be “major implications” if she does not soon set a date to end negotiations with Brussels over the Northern Ireland Protocol. Sir Jeffrey Donaldson, leader of the Democratic Unionist Party (DUP), told The Times that the foreign secretary needs to set a “clear date” to end [...]
MPs and peers urge Boris Johnson to scrap taxes on energy bills to reduce cost of living crisis January 2, 2022 Twenty Tory MPs and peers have called for the Prime Minister to scrap VAT and environmental levies on energy bills to ease the cost of living crisis.
Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint January 1, 2022 It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed. The City [...]
Ikea hikes prices by 10 per cent as supply chain woes continue December 30, 2021 Ikea confirmed this morning that it has boosted the average price of products in its UK stores by 10 per cent, as supply chain issues continue to disrupt its operations.
Brexit red tape: More disruption to food supplies looming as EU is ‘not prepared’ for new UK import rules that take effect on 1 January December 30, 2021 The food industry is warning of more disruption to food supplies when new UK import rules take effect this Saturday. From 1 January, importers must make a full customs declaration on goods entering the UK from the EU or other countries. Traders will no longer be able to delay completing full import customs declarations for [...]