EU to launch legal action against UK ‘very soon’ over Brexit grace period extension March 4, 2021 The EU will launch legal action against the UK “very soon” over Britain’s extension of a grace period for checks on goods heading to Northern Ireland, the vice president of the European Commission has said. Maros Sefcovic told the Financial Times the decisions announced by the UK government yesterday had been a “very negative surprise”. Ministers [...]
What will the new tech visa rules mean for UK fintechs? March 4, 2021 Among a raft of new measures announced in the Budget the Chancellor has launched a new visa scheme to retain and attract the tech industry’s top talent. Announcing the Budget on Wednesday Rishi Sunak laid out plans to introduce “fast track” visa applications for people with a job offer from a recognised UK scale-up, together [...]
Brexit: EU ‘simply can’t trust’ Britain as tensions rise over Northern Irish protocol March 4, 2021 The EU will see Britain as an untrustworthy partner after its decision to alter the Northern Irish Brexit arrangement, Ireland’s foreign minister said this morning. Simon Coveney claimed it was not the first time the EU have seen warning signs in Britain’s dealings, after the move sparked accusations of a breach of trust. The comments [...]
Deliveroo picks London for multi-billion pound listing March 4, 2021 Deliveroo has confirmed it will choose London for its long-awaited IPO. The delivery firm will list with a dual-class share structure in what will be a major boost for the capital. It is expected to be the largest float in London this year. It comes just a day after a Treasury-commissioned review by former EU [...]
The Budget didn’t deliver a silver bullet for youth unemployment, but it’s a start March 4, 2021 This pandemic has drawn lines in society dividing outcomes by age, health condition, geography and job types, none more so than the negative economic consequences of Covid-19 for young people as they lose out on education, jobs, career progression and pay. Youth unemployment is currently around 13 per cent higher than pre-pandemic levels and, according [...]
FTSE reshuffle: Who’s in and who’s out of London’s blue-chip index? March 3, 2021 FTSE reshuffle: Who's in and who's now out of London's blue-chip index?
Brexit: EU raises ‘strong concerns’ about grace period extension March 3, 2021 The EU will raise “strong concerns” about Britain’s extension of a grace period for checks on agricultural and food products heading to Northern Ireland, the vice president of the European Commission has said. Maros Sefcovic said he will speak to David Frost, the Prime Minister’s Europe Adviser, on the implementation of EU-UK agreements tonight. “I’ll [...]
Brexit disruption to shave 0.5 per cent off GDP as UK starts its recovery March 3, 2021 Post-Brexit disruption to UK-EU trade will reduce the UK’s first quarter GDP growth by 0.5 per cent, according to the government’s budgetary watchdog. The Office for Budget Responsibility (OBR) said in its forecast today that customs disruptions at the EU border and a drop in the number of lorries travelling between the UK and EU [...]
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]