Brexit: UK to delay full border checks on EU goods amidst supply crisis September 14, 2021 The Government will push back the imposition of new checks on incoming goods from the EU due to supply chain pressures, Ministers said today. Lord Frost told Parliament this morning that thought the UK’s infrastructure remained “on track” to meet original timetables, the pandemic has had “longer lasting impacts on businesses” than expected and that [...]
Global economic activity is pulling away from Europe and the UK must follow, says Truss September 14, 2021 The UK will need to shift its trade focus to Asia, as the centre of global economic activity gravitates away from Europe and towards the east. By the end of this decade, three of the world’s largest four economies will be in the Indo-Pacific region, according to the Department for International Trade (DIT). In a [...]
Mayor calls for emergency visas to solve London labour shortage September 14, 2021 Sadiq Khan will call on the Government to introduce a ‘Covid Recovery Visa’ to address chronic labour shortages in a speech later today. The capital’s businesses are suffering from a chronic labour shortage following new immigration rules and a number of EU nationals returning to their home countries. Khan, the Mayor of London, will say [...]
Exclusive: UK customs duties shoot up by 42 per cent to record £2.2bn since Brexit September 14, 2021 UK businesses and consumers have paid 42 per cent more in customs duties on goods since Brexit came into force on 1 January of this year, according to new data shared with City A.M. this afternoon. The jump to £2.2billion in customs duties – paid in the year from 1 January to July 31 of [...]
Why there has never been a better time to be a young chef September 13, 2021 I spent a lot of time in our City restaurants last week and it finally felt like finally the City was coming back to life. Coq d’Argent, 14 Hills and Madison were all packed. It was warm and sunny and the recovery from Covid in central London seemed to be getting into gear. But behind [...]
Brexit is an ‘unnecessary and unforgivable act’ that will cause long-term damage, says Nicola Sturgeon September 13, 2021 Nicola Sturgeon described Brexit as an “unnecessary and unforgivable act” that is damaging Scottish businesses and causing food shortages. Scotland’s First Minister said this afternoon: “That is what this Tory Government has done – and there may yet be worse to come. “The combination of the pandemic and a deeply hostile immigration policy is also [...]
ABF pins ‘lower than expected sales’ at Primark on summer pingdemic September 13, 2021 Sales at Primark, a subsidiary of Associated British Foods, have dipped below expectations in the last year, as Gen Z shoppers move away from fast fashion brands. In its pre-close trading update for the full year to 18 September, Associated British Foods (ABF) said: “We have seen a significant improvement in trading as the period [...]
UK firms bank on London’s status as top financial centre September 13, 2021 More than two thirds of the UK’s financial firms believe that London will retain its status as one of the world’s leading financial centres after Brexit. When Britain completed its exit from the EU in December last year, it divorced from its biggest single export customer, casting doubts over its status as a leading global [...]
CBI warns of rising taxes and stagnant business investment under Boris Johnson September 13, 2021 One of the UK’s most influential business groups has cautioned Boris Johnson about recent tax rises, warning that he must concentrate more on stoking business investment post-Covid. CBI director-general Tony Danker will tomorrow tell the Alliance Manchester Business School that a “return to business as usual in our economic policy, at this unique moment in [...]
UK heading for ‘winter of discontent’ in wake of Brexit, warns John Swinney September 12, 2021 The UK is facing a “winter of discontent” after the Tories pushed ahead with Brexit, taking Britain out of the European Union, Scotland’s Deputy First Minister will warn. With supermarkets having already experienced issues with shortages, John Swinney will argue that such problems show how “Westminster isn’t working”. The Scottish Deputy First Minister will use [...]