Brexit Transition: what businesses must do now January 28, 2021 The UK and the EU wrapped up a trade deal on Christmas Eve, bringing to an end years of negotiations. But though a deal has been struck, that doesn’t mean nothing’s changing. The UK has left the EU, and December 31 marked the end of the Brexit Transition period. The UK’s fresh start means that [...]
Exclusive: UK’s next free trade deal set to be with Australia January 28, 2021 The UK’s next free trade deal is set to be with Australia, with the agreement to give Brits greater freedom to live Down Under and provide a major boost for the UK’s telecoms sector. The deal could be completed as soon as March, with UK residents to benefit from cheaper Australian food and wine, while [...]
With no office, our future leaders are being held back January 27, 2021 In spite of the challenges facing central cities around the world at the moment, they are and will remain places with huge concentrations of the jobs which provide the greatest opportunities to learn and to move up the job hierarchy. For young people, Central London offers an unparalleled combination. A range of independent employers with [...]
EU opens up to US clearing houses in blow to City of London January 27, 2021 Brussels will allow US clearing houses operate throughout the EU in what could be a blow to the City of London’s largest clearing agencies. The European Commission announced today that it had decided that the US’ financial regulator’s rules was equivalent to the EU’s around clearing houses. This means the EU will now allow Wall [...]
Contactless payments could be raised to £100 following Brexit agreement January 27, 2021 The limit for contactless card payments could more than double under new proposals being considered by the regulator now the UK has left the EU. The limit for contactless payments was raised from £30 to £45 last April at the start of the pandemic but could not be raised further due to a limit [...]
Fear, Anxiety, Doubt – FUD January 27, 2021 Crypto at a Glance Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing [...]
Amazon halts alcohol sales in Northern Ireland following new Brexit customs rules January 27, 2021 Online retail giant Amazon has halted sales of wines, beers and spirits in Northern Ireland as it prepares to de-list more products under new Brexit customs rules. The company is concerned that excise duty will now have to be paid twice on alcohol shipments sent from British mainland across the Irish Sea. Amazon suspended orders [...]
Brewin Dolphin total funds exceed pre-pandemic levels January 27, 2021 Fund manager Brewin Dolphin reported record total funds as market sentiment rebounded off the back of the Brexit deal and vaccine rollout. Total funds increased eight per cent to a record £54.1bn in the first quarter with total inflows of £0.6bn Net inflows stood at £0.1bn in the three months to December. It represents an [...]
City of London chief: Brexit impact ‘not at all catastrophic’ as Square Mile will thrive without EU access January 27, 2021 Brexit’s impact on London’s loss of financial business has not been catastrophic, the chief of the City of London Corporation said this morning. Catherine McGuinness, political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access. London has endured business and job losses since the [...]
3i Infrastructure holds dividend despite yearly income slump January 27, 2021 Investment firm 3i Infrastructure remains on track to meet its dividend target after it reported a resilient third quarter on Wednesday. The company secured a total income of £24m between 1 October and 31 December, a 45 per cent drop from the £44m it took home during the same period last year. It is on [...]