Trevelyan unveils roadmap to boost UK exports post-Brexit November 16, 2021 The government will tomorrow publish its 12-point plan to boost UK exports post-Brexit, with a series of initiatives launched to help businesses learn more about sending goods and services overseas. The new Made in the UK, Sold to the World plan will reintroduce an old target, first touted by David Cameron in 2012, to almost [...]
Reeves says Labour still committed to post-Brexit equivalence for the City November 16, 2021 Labour is still committed to getting a post-Brexit equivalence deal for the UK’s financial services sector if elected, shadow chancellor Rachel Reeves has said. Reeves told TheCityUK’s national conference today that, if elected, Labour will “fix some of the holes in the patchwork Brexit deal with the EU”. The UK’s financial services sector has not [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
‘It’s a pivotal time’ November 16, 2021 Interview with Simon Kenyon, Group Ambassador for London, Lloyds Banking Group Taking the pulse of London’s financial health is not easy: for every business that’s thriving, or at least showing ‘bouncebackability’ from the pandemic, there are others struggling to keep the wolf from the door. But the economic pulse is beating a little faster inside the [...]
Johnson says ‘internationalism failed us’ during Covid as he takes shots at EU November 15, 2021 Boris Johnson has tonight claimed “internationalism failed us” during Covid-19 as he takes shots at the EU for its reliance on Russian gas and its threats to ban vaccine exports earlier this year. The Prime Minister said at the Lord Mayor of London’s banquet in Guildhall that the UK was a “victim” of “the crazy [...]
UK government expands post-Brexit loan programme for exporters to overseas firms November 15, 2021 Overseas firms looking to set up shop and export from the UK will now be eligible to take out government-backed loans potentially worth billions of pounds, after an expansion of a post-Brexit lending programme. International trade secretary Anne-Marie Trevelyan said the new policy, done through the UK government’s credit agency UK Export Finance, will help [...]
Half of UK businesses have decreased or stopped trade with EU post-Brexit November 15, 2021 Almost half of British businesses that traded with the EU pre-Brexit are doing less trade with the bloc, or have stopped entirely, since the UK left the single market and customs union in January, according to a new survey. An Institute of Directors survey, commissioned by Channel 4, out today also showed 16 per cent of [...]
UK business sentiment hits 12-month low amid supply chain and inflation woes November 15, 2021 British business sentiment dropped to its lowest level in a year in October, dragged down by fears of looming inflation and supply chain pressures that could undermine a sustained recovery from Covid disruption. Inflation expectations among UK business leaders surge to a record high last month, with 66 per cent expecting non-staff costs to increase [...]
Cop26: Boris Johnson seeks to downplay failure to get deal to end coal power November 14, 2021 Boris Johnson has sought to play down the failure at Cop26 to get an agreement to end the use of coal power, saying a push from India and China to water down the final deal won’t “make much difference”. Johnson today claimed the deal agreed by 197 nations at the United Nations summit in Glasgow [...]
Berry Bros lifted as Brits develop taste for fine wines during lockdown November 14, 2021 Berry Bros & Rudd, the UK’s oldest wine and spirits merchant, has benefitted from Brits developing a taste for fine wines during lockdown. Established in the 17th century Berry Bros’ flagship store has been located on St James’s Street since 1689 and has supplied the royal family since the reign of King George III. Its not [...]