Fishing row: UK welcomes Macron stepping back from Brexit boat threat November 2, 2021 The UK this morning welcomed France having “stepped back” from threats to impose punitive action in a dispute over post-Brexit fishing licences as talks to settle the row continue. Environment secretary George Eustice acknowledged a de-escalation from French president Emmanuel Macron as he held off on the action against British boats that he had warned [...]
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success – CityAM : CityAM November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]
France calls for day-long ceasefire amid post-Brexit fishing saga November 1, 2021 French president Emmanuel Macron has given the UK until the end of climate negotiations at COP26, to fix the ongoing fishing row. “The British are going to come back to us tomorrow with further proposals. We’ll see where we are at the end of the day,” Macron told reporters in Glasgow. “We won’t be bringing [...]
Chinese-backed takeover review delayed amidst new UK security law – CityAM : CityAM November 1, 2021 A security review of the Chinese-backed takeover of Britain’s biggest microchip plant has been delayed until next year. Sources close to the £63m takeover of the Newport Wafer Fab by Wingtech-owned Nexperia said that a review ordered by Boris Johnson was unlikely to be reported before the new year. Nexperia, based in Amsterdam but owned [...]
Liz Truss gives France 48 hours to back down in fishing row November 1, 2021 Foreign secretary Liz Truss has set France a 48-hour deadline to reconsider its threats to the UK over fishing row, before the UK takes legal action. Truss accused France of making “completely unreasonable threats,” and behaving “unfairly,” in an interview with Sky News, which first reported the news, at the COP26 climate change summit in [...]
Ryanair posts first profit since Covid but mulls London delisting November 1, 2021 Budget airline Ryanair has reported its first quarterly profit since the start of the pandemic, with shares going up to €16.96 compared to €16.46 registered earlier this morning. However, the Irish-based group said it still expected to post an annual loss of up to €200m (£195.4m) as it would need to discount tickets this winter. [...]
Seller’s market: Brits plot job changes amid staff shortages November 1, 2021 More than a quarter of UK employees expect to move jobs within the next six months as skilled staff look to cash in on unprecedented staff shortages. A new survey of more than 6,000 adults suggests that almost seven in ten employees would feel confident looking for a new job in the next couple of [...]
Dealmakers brace themselves for 2022 surge in UK M&A November 1, 2021 A survey of top dealmakers has revealed widespread conviction that the number of M&A deals in the UK will surge in the next 12 months, driven by an uptick in distressed deals as well as an expected flurry of activity in the TMT sector. After the number of mergers and acquisitions involving UK companies dipped [...]
Entente Discordiale: UK fires back in NI and French fishing Brexit rows November 1, 2021 The UK’s relations with its nearest neighbours have fallen to a new low over the weekend, with ongoing rows over fishing rights and Northern Ireland threatening to throw post-Brexit planning into chaos. First, Boris Johnson said it was “up to France” to solve a battle over fishing rights, with the UK Government still incensed after [...]