Brexit: Northern Ireland Protocol ‘dead in the water’, says Johnson ally May 16, 2021 The post-Brexit Northern Ireland treaty is reportedly seen as “dead in the water” by Downing Street as negotiations between the UK and EU over the protocol continue. Lord David Frost earlier this week said the Northern Ireland Protocol, which sees Northern Ireland follow EU customs union and single market rules, posed “significant challenges” for businesses, [...]
SFO launches money laundering probe into Gupta family over ties to Greensill Capital May 14, 2021 The Serious Fraud Office (SFO) said this morning it is launching an investigation into the Gupta Family Group Alliance. “The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with Greensill [...]
Downing Street hits out at EU ‘threat’ to City over financial services deal May 14, 2021 Britain has criticised the European Union after reports that France may halt negotiations on financial services following a row about fishing rights. French President Emmanuel Macron has been looking to pressure Britain into granting European fisherman access to European waters. Tensions were high a few weeks ago after a dispute over licences led to more [...]
Brexit transfers: Barclays, Goldman Sachs and Morgan Stanley move senior City dealmakers to the EU May 14, 2021 Investment giants Morgan Stanley, Goldman Sachs and Barclays have started to move a range of senior bankers from their offices in Canary Wharf and the City to financial hubs across the EU. Ongoing uncertainty over the UK’s access to the EU’s financial services market, combined with pandemic damage and pressure from local regulators, has led [...]
Some post-Brexit EU jobseekers end up in detention upon arrival May 13, 2021 A small number of jobseekers arriving into the UK have been sent to immigration removal centres, held in airport detention rooms or expelled. Among them are EU citizens with job interviews in the UK, The Guardian reports. When it comes to EU citizens looking for work in the UK, some rules since Brexit are straightforward [...]
Too late for UK-EU ‘fish for finance deal, say City of London Corporation May 13, 2021 It is too late for the UK to strike a “fish for finance deal” with Brussels to ensure the City gets renewed access to the EU, according to a top City of London Corporation official. Nick Collier, managing director of the City of London Corporation in Brussels, said at a Best for Britain event today [...]
Dowden: Visa-free touring possible in 17 countries post-Brexit May 13, 2021 Artists will be able to tour in at least 17 of the 27 EU member states without needing visas or work permits, the culture secretary has said. When the Brexit transition period ended, new travel rules came into place that do not guarantee visa-free travel for musicians in the EU. There have been calls from [...]
The City is the global gateway for financial flows post-Brexit, says Africa’s rising finance star May 13, 2021 With the focus of Brexit being on the relationship between the UK and EU, some in the City and beyond argue that not enough attention is given to the international impact of Brexit, specifically on Africa. With the removal of European market caps, there has been an increase in trade between the UK and Africa, [...]
Here’s how UK businesses fared last year, and what they expect next May 13, 2021 Despite the trials and tribulations of last year, UK businesses have shown an ability to adapt, evolve and overcome. That’s the takeaway from our new report, The State of Growth. Our research finds that it is the organisations that can evolve quickly and efficiently that are best-placed to accelerate their path to sustained, consistent growth. [...]
Investment manager Brewin Dolphin posts record quarterly inflows of £1bn May 13, 2021 UK investment manager Brewin Dolphin toasted record fund inflows of £1bn in the first three months of 2021. The firm said it beat its own record for total discretionary fund inflows in the second quarter, which helped to boost its total funds by 10.5 per cent to £52.6bn in the six months ended 31 March. [...]