Trading forward: How businesses adapted and are now making progress under the new relationship with the EU February 25, 2021 The zero tariff, zero quota trade agreement we have agreed with the EU will see UK firms able to keep doing business with Europe while enabling them to seize new opportunities as we strike trade deals with the world’s fastest growing markets. However, now that we are outside the EU customs union, there are new [...]
Tory rebels prepare to block proposed corporation tax hike February 25, 2021 Conservative rebels are preparing to unite with Labour MPs to block a proposed hike in corporation tax from 19 per cent to 25 per cent, according to reports. Chancellor Rishi Sunak has laid down plans to introduce a “pathway” for hiking corporation tax over the next few months, as he prepares to announce his spring [...]
UK-EU meeting on Northern Ireland fails to produce breakthrough February 24, 2021 Frustrations all around as Arlene Foster's talks with the EU end with no breakthrough over trade issues
New report: Greater understanding of financial and professional services essential to boost SME exports February 24, 2021 A new report by EY and the City of London Corporation published today sets out how that financial and professional services (FPS) sector facilitates businesses of all sizes and across all sectors in the UK to trade internationally – and steps needed to deliver a more holistic approach to UK trade policy. The report – ‘The City of [...]
BoE boss warns of EU move to take trillions of pounds of derivatives clearing away from the City February 24, 2021 Bank of England governor Andrew Bailey has warned that the EU will likely try to snatch away trillions of pounds of derivatives clearing from London’s major clearing houses in a series of moves that could threaten financial stability. Bailey told MPs today that Brussels was looking to implement “location policy” and could force banks to [...]
Exclusive: Purity Hemp CEO on the UK’s fast-growing medical cannabis market February 24, 2021 After losing his sister to cancer and his best man to an opioid addiction, Canada-born, London-based Michael Walker felt he should explore alternative healthcare options so not to rely on Big Pharma. The former head of marketing at Heathrow Express left the advertising industry in 2016 to set up his own company, the Purity Wellness [...]
Pound soars to pre-pandemic heights against euro amid vaccine rollout February 24, 2021 Pound soars to pre-pandemic heights against euro amid vaccine rollout
London should not overlook SPACs, former LSE boss says February 24, 2021 The former London Stock Exchange boss, Xavier Rolet, has declared London should consider blank-cheque vehicles following a surge of activity in the US. A number of big names, including Rolet himself, have jumped on the SPAC craze which is sweeping the US. SPACs – special acquisition companies- are created to raise capital through a public [...]
Michael Gove to hold crunch Northern Ireland meeting with EU today February 24, 2021 Cabinet Office minister Michael Gove will meet with his EU counterpart today in a crunch meeting to discuss post-Brexit problems at the Northern Ireland border. European Commission vice president Maros Sefcovic, who is the Brussels’ key representative to the UK-EU Joint Committee, said last week he wanted all issues with the Northern Ireland protocol of [...]
One-in-four UK exporters looking to cut out EU customers post-Brexit February 24, 2021 Almost one-in-four British exporters are planning on reducing their activity in the EU or eliminating it out entirely post-Brexit, according to a new survey. A survey from the British Chambers of Commerce/moneycorp showed that 44 per cent of exporters would grow their business in the EU, but that 23 per cent want to “either reduce their activity [...]