Cryptocurrency continues to knock on the door of fiat, but those in power still refuse to open it December 10, 2021 It’s been another week of red for Bitcoin and, well, pretty much all of the other cryptos, writes Jason Deane.
UK bolsters free HGV driving course capacity by 11,000 spots in bid to plug shortage December 10, 2021 The UK has boosted the capacity for its intensive HGV driving courses, as the government looks to plug the gaps in the UK’s driver shortage. The trickling supply of lorry drivers has deepened the supply chain disruption the country has been facing over the past 18 months. The scheme has been widened to allow a [...]
Fishing row or fishing war? French timeline for remaining licences ends today December 10, 2021 The UK has reportedly denied France its remaining 104 fishing licences, as it demands French fisherman prove they have previously used local waters. France had outlined a deadline for today, in hopes of securing the permits – before it will resort to blocking ports and curbing British trade. The government has asked French fisherman to [...]
One of our own: Rachel Reeves’ journey from the City to the top of Labour politics December 10, 2021 Rachel Reeves looks comfortable in the palatial settings of 1 Lombard Street as she settles down to a gin and tonic, garnished with a slice of grapefruit. The shadow chancellor is is a formidable force in the House of Commons – a Labour staffer described her as “un-chill, but in a very good way” – [...]
Labour’s Rachel Reeves would support cut to UK basic rate of Income Tax December 9, 2021 Rachel Reeves has said she would support a 2p cut to the basic rate of UK Income Tax amid reports that Rishi Sunak is considering the measure. The shadow chancellor told City A.M. in a wide-ranging interview that she “would like to see the chancellor do it”, but described reports of Sunak’s potential tax cuts [...]
Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices December 9, 2021 Amazon’s recent decision to block Visa credit cards in the UK caught millions of businesses and consumers in between. As a result, many firms have some serious and fairly urgent choices to make, as industry insiders explained to City A.M. today. Amazon announced in November that it will no longer accept payments made with UK-issued [...]
Mr Bitcoin goes to Washington December 9, 2021 The Bitcoin price yesterday failed to hold above the $50k mark at all, falling as low as $48k before rebounding somewhat to just above $49,000.
The Brexit jury is still out as we fail to grasp the vision of freedom we were promised December 9, 2021 Since leaving the EU, there is no doubt that the UK has made impressive progress in signing Free Trade Agreements, including not only roll-overs of EU agreements like those with Canada and Turkey, but entirely new ones with Australia and New Zealand. The UK’s application to join the CPTPP mega-regional trade agreement is also well [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
UK threatens to impose tariffs on more US goods amid steel dispute December 8, 2021 The UK's trade minister has reportedly threatened to impose tariffs on US goods if Trump-era steel duties are not canned.