City lobby group presses Sunak to scrap bank tax October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. The lobby group urged the [...]
City lobby group presses Sunak to scrap bank tax – CityAM : CityAM October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. Also Read: Sunak eyes overhaul [...]
Brexit: Frost says UK will accept nothing less than ‘new’ Northern Ireland Protocol October 12, 2021 The UK’s Brexit minister has said the Northern Ireland Protocol must be fundamentally changed or else the UK will suspend it, saying it would be a “historic misjudgment” for Brussels not to act. Lord David Frost said in Lisbon today that the post-Brexit treaty was not working and has irreparably “lost consent in one community [...]
Sunak eyes overhaul of capital raising rules to boost London market post-Brexit October 12, 2021 Rishi Sunak has set out his ambition to make capital raising easier for public companies listed in London as a part of the government’s regulations overhaul post-Brexit. The chancellor today launched the UK Secondary Capital Raising Review, which will look at ways of giving listed companies greater access to capital through secondary transactions in a bid [...]
Brexit: Lord Frost to push for end of role of European Court in Northern Ireland October 12, 2021 In a speech to the diplomatic community in Lisbon later today, Brexit minister Lord Frost will warn the Northern Ireland protocol cannot survive without fundamental reform to governance arrangements. Frost is planning to set out Britain’s demands for changes to the Protocol amid a stand-off with the EU over the role of the European Court [...]
Brexit: ‘Frosty the no man’ to turn heat up on EU in Lisbon October 12, 2021 The UK government is set to double down on threats to suspend the post-Brexit Northern Ireland Protocol today in what is likely to spark weeks of UK-EU fighting. Cabinet Office minister Lord David Frost will deliver an address in Lisbon this afternoon in which he will outline the UK’s current position on Northern Ireland Protocol [...]
German investors plug £847m into City property October 11, 2021 German investors have injected £847m into property in the Square Mile so far this year. This is the second-highest level invested into properties in the City of London since 2013, the Telegraph newspaper reported. One in five property transactions in the City were carried out by German investors in the year to mid September, according [...]
Brits can expect more and cheaper fish from £21bn post-Brexit trade deal with Norway and Iceland October 11, 2021 The recently signed free trade agreement between the UK and Norway, Iceland and Liechtenstein is likely to reduce fish processing costs which may lead to more and cheaper fish for British consumers. A report by the House of Lords European Affairs Committee said today the deal, which was signed in July, will mean cheaper fish [...]
UK business failures expected to rise by 32 per cent October 11, 2021 Researchers are predicting a wave of business insolvencies will hit the UK before the end of 2022 as the government rolls back Covid support. During the pandemic many businesses have been kept afloat by emergency government funding which spared an estimated 18,900 companies from insolvency in 2020. Euler Hermes expects 37,000 businesses to fail before [...]
ASOS chief executive Nick Beighton steps down with immediate effect October 11, 2021 ASOS chief executive Nick Beighton is stepping down with immediate effect, the company just confirmed. “A search for his successor will begin shortly,” ASOS said in a statement. In the meantime, Mat Dunn, currently Chief Financial Officer, will become COO of ASOS and lead the business on a day-to-day basis with effect from today. Katy Mecklenburgh, currently [...]