Brexit: Frost to discuss Northern Ireland Protocol proposals on Friday with EU October 14, 2021 Defacto Brexit minister Lord David Frost will meet with his EU counterpart tomorrow in a bid to bridge the “substantial gap” between the UK and EU on the Northern Ireland Protocol, the British government has said tonight. A UK government spokesperson said the EU’s new proposals on how to implement the protocol were proof of [...]
Post-Brexit accounting body to face first major test over insurance sector October 14, 2021 The UK Endorsement Board, which oversees accounting rules, is preparing to come to heads with insurers in the first major test of the new body, according to reports. The UK Endorsement Board (UKEB) was formed in direct response to Britain’s exit from the European Union, which forced the country to manage and endorse international accounting [...]
Exclusive: UK set to keep EU cap on bankers’ bonuses post-Brexit October 14, 2021 The UK is set to keep the EU’s cap on bankers’ bonuses, with the Treasury instead focussed on a range of other measures to shake up financial services regulation post-Brexit. Treasury sources say the measure is not even being discussed by chancellor Rishi Sunak and that it will not be scrapped any time soon. The [...]
Government ‘considering change of heart on temporary visas for butchers’ October 14, 2021 Ministers are reportedly considering backtracking and extending temporary visas to overseas butchers, as abattoirs were forced to cull livestock after shortages. Pig farmers have been forced to kill healthy livestock because of a lack of butchers in abattoirs, seemingly forcing ministers to change their stance on intervention. The National Pig Association told The Guardian that [...]
Galactic Britain: UK space companies win big at Deloitte competition October 14, 2021 British tech companies took home four out of nine awards at Deloitte’s GRAVITY challenge competition in a sign the space sector is thriving post-Brexit. UK companies including Helyx, Little Place Labs, Seanasol Consortium and Treeconomy, three of which are London-based firms, proposed winning solutions to challenges posed by global brands addressing key industrial, social and environmental [...]
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 [...]