Sunak reveals new climate impact disclosure rules July 1, 2021 Chancellor Rishi Sunak has today announced plans to introduce new rules to force firms to reveal their impact on the climate. Speaking at Mansion House, Sunak announced that businesses across the economy will have to report on the impact they are having on the climate and environment. “We’re launching new requirements for businesses and financial [...]
From junk food ad bans to new smoking bans: the UK is in an age of state intervention July 1, 2021 We have slipped into a new age of state intervention. Even after a year of unprecedented interference in our everyday lives, attacks on personal freedoms are emerging from every quarter. Take gambling, for example. The government’s review of the Gambling Act looks set to introduce new spend limits to dictate what people can and can’t [...]
EU nationals leaving the UK is driving worker shortage, says Homeserve CEO June 30, 2021 There is a shortage of skilled workers because of EU workers leaving the UK, the boss of home repair company Homeserve said today. As well as in construction, staff shortages have been seen hospitality, HGV driving and in meat processing as a combination of Brexit and Covid-19 has prompted EU migrants to leave the UK. [...]
Editorial: Quarantine exemptions for CEOs must be part of wider travel plans to fulfil the Global Britain promise June 30, 2021 In December 2019, Boris Johnson vowed to fight for a Global Britain as the nation prepared to leave the European Union. He promised to ensure the United Kingdom would remain a hub for international business and would be even more attractive on the world stage once it was unshackled from the bureaucracy of Brexit. Over [...]
Post-Brexit change: EU state aid rules to be replaced by new UK regime June 30, 2021 Post-Brexit change: EU state aid rules to be replaced by new UK regime
UK to EU exports rise to near pre-Brexit levels as trade deficit drops June 30, 2021 After a catastrophic start to the year, UK exports to the EU have risen to near 2019 levels, before the UK exited the European Union. In April 2021, EU exports were down around two per cent from the same time two years ago, according to ONS stats, marking a considerably better performance than in January, [...]
Brexit: High court rejects attempt to overhaul Northern Ireland protocol June 30, 2021 Belfast’s high court has today dismissed a legal challenge to the Northern Ireland Brexit protocol. The Belfast court ruled that the EU Withdrawal Act supersedes claims that the Protocol breaches the Acts of Union between Britain and Ireland. The ruling will be welcomed by UK and EU negotiators who are set to announce a range [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 30, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. IoD’s chief economist departs for Fitch Ratings The Institute of Director’s (IoD) chief economist will step away from the role next week to become director of economics at US credit rating [...]
Shop prices fall faster in June June 30, 2021 The price of goods in UK shops fell at a faster rate in June than in May as businesses sought to maintain momentum in consuming spending, according to data published today. The British Retail Consortium’s Shop Price Index showed shop prices dropped 0.7 per cent annually in June, a faster rate than May’s 0.6 per [...]
Google to crack down on financial scams after City watchdog threat June 30, 2021 Google is set to tighten its advertising rules in the UK in a bid to crack down on financial scams following pressure from the City watchdog. The tech giant said all financial services advertisers will have to prove they are authorised by the Financial Conduct Authority (FCA). The new policy will come into force from [...]