MiCA: A ‘beta version’ of crypto-assets regulation in the EU June 8, 2021 Alexander Prognimak, CFA from the CFA UK Future of Money Working Group, looks at European Union plans for crypto-assets. Gone are the days when London’s famous red buses would be carrying adverts promoting the dream of a shiny post-Brexit future for the NHS. As one ad (that has attracted the advertising regulator’s attention) read: ‘If [...]
US-based Turntide to bolster UK’s renewable tech for freight industry June 8, 2021 US-based renewable tech firm Turntide has confirmed it is rolling into the transport sphere this morning after buying two UK-based engineering businesses. The firm, which has patented a Smart Motor System, is launching its Turntide Transport division today, in its bid for a net zero freight and shipping industry. After buying Sunderland-based battery pack manufacturer [...]
EU warns it will start trade war if UK overrides Brexit treaty’s Northern Ireland protocol June 8, 2021 The EU has warned Boris Johnson that the bloc is ready to act “firmly and resolutely” to ensure the UK abides by its commitments in the Northern Ireland Protocol, as part of the UK-EU Brexit deal. The UK is unilaterally planning to extend a “grace period” to allow Northern Irish shops to continue selling chilled [...]
Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
French plot to exclude UK from research project is foiled by allies June 8, 2021 A French plot to exclude the UK from participating in a research programme in quantum has been foiled by other EU member states. The European Commission reportedly wanted a blanket ban on the UK’s participation in certain parts of the €100bn Horizon Europe funding programme deemed especially sensitive. The Horizon Scheme is a research project [...]
UK to see ’employment boom’ as lockdown restrictions ease June 8, 2021 Employers plan a huge recruitment drive, fuelled by the easing of lockdown restrictions, according to a new report out this morning.
Brexit: PM tells Macron EU and UK must make Northern Ireland protocol work June 7, 2021 Brexit: PM tells Macron EU and UK must solve Northern Ireland protocol
Joe Biden set to urge Boris Johnson to solve post-Brexit Northern Ireland issues at G7 June 7, 2021 Joe Biden is set to raise pressure on Boris Johnson to not go back on the post-Brexit Northern Ireland treaty before the pair attend the G7 summit later this week in Cornwall. Biden will meet with the Prime Minister at a one-on-one meeting in London on Thursday, before the G7 summit over the weekend, with [...]
Minister pushes back on claim of £90,000 bill to UK households for achieving net zero June 7, 2021 Minister pushes back on claim of £90,000 bill to UK households for achieving net zero
City asset managers to decide on first Greek bank raise since crisis June 7, 2021 Two major UK investment managers will play a part in deciding whether the first capital raise by a Greek bank since the financial crisis goes ahead. Somerset Capital Management and Odey Capital Management are both significant shareholders in Alpha Services and Holdings. Read more: City bankers would rather quit than move to European capitals following [...]