City rejects looming interest rate rise: ‘Old Lady should adopt Maradona theory’ October 14, 2021 Markets are increasingly betting that the Bank of England will raise interest rates before Christmas to contain spiralling inflation. The shift came after two of the Old Lady’s most senior officials gave the strongest signal yet that the central bank is ready to choke off inflation. Strengthening predictions over a looming rate hike triggered a [...]
Brexit: EU ‘preparing for the worst’ as UK government scrutinises Irish Sea proposals October 14, 2021 After setting out new Brexit proposals to cut trade red tape across the Irish Sea. last night, the European Union is “preparing for the worst” as the bloc awaits the UK’s response, according to media reports in Europe. The European Union Commission has laid out measures to slash 80 per cent of regulatory checks and [...]
Long read: Untangling the shipping crisis will take more than a favourable wind October 14, 2021 IT IS EASY to forget how lucky we are in the UK. A rapid vaccine rollout has almost entirely banished the spectre of Covid-19 from the country’s economy. But, there are signs the pandemic is still stopping the world from getting back to normal – none more so than in the global shipping industry.Covid-19 continues [...]
Peace in our swine: EU takes sizzle out of sausage wars October 14, 2021 THE European Union yesterday offered concessions on the implementation of the Northern Irish protocol which are expected to bring to an end the first post-Brexit diplomatic squabble between the bloc and the UK. On Tuesday, UK Brexit minister David Frost demanded wholesale reform of a pact which effectively creates an Irish sea trade border between [...]
Here we go: EU proposes to cut checks by 80 per cent, less Brexit paperwork and free medicine flow October 13, 2021 EU proposals to reframe the Northern Ireland protocol are in as the European Commission released the details this afternoon. It is proposing to cut spot checks, reduce paperwork and make the flow of medicines easier. The EU proposals to address practical difficulties around the implementation of the Northern Ireland Protocol cover four specific areas, with [...]
Post-Brexit trade: UK eyes sectoral deals with US as Biden is not up for full-fledged pact October 13, 2021 While the UK does not know when it might get a full trade deal with the United States, the government is looking to secure separate accords on a sector-by-sector basis, the international trade secretary, Anne-Marie Trevelyan, said today. Watch the full report.
Do not enter Brexit deal until EU is sure Brits will keep their promises, says Ireland’s deputy PM October 13, 2021 European leaders should not enter any agreements with the British Government until they are confident they will keep to their promises, Ireland’s deputy premier warned this morning. Leo Varadkar made the comment after Dominic Cummings indicated that it is not the British Government’s intention to keep to the Brexit deal. “I saw those comments; I [...]
Brexit: Boris Johnson never understood what leaving Customs Union meant, says Cummings October 13, 2021 Prime Minister Boris Johnson never fully understood what the Withdrawal Agreement with the EU really meant, his former chief adviser has said. Dominic Cummings said in a provocative series of tweets that he had always intended to get “the trolley” – his derogatory nickname for the Prime Minister – to “ditch the bits we didn’t [...]
EU’s Brexit peace offering includes removal of 50 per cent of customs checks on British goods October 13, 2021 European Commission vice president Maros Sefcovic is expected to present a number of proposals later today aimed at resolving the political stand-off between the UK and EU over the movement of goods across the Irish sea. He has promised the measures will be “very far-reaching”. The Telegraph reports the EU will offer to remove up [...]
UK starts talks with Italy on £38bn export and investment deal in post-Brexit trade push October 13, 2021 The UK has started talks with Italy on a new export and investment deal which should expand trade between the two European countries. Speaking alongside Italian minister of foreign affairs and international cooperation Luigi Di Maio in Sorrento, Italy, the new International Trade Secretary, Anne-Marie Trevelyan, said that “enhancing our bilateral relationship with Italy is [...]