UK agrees post-Brexit customs agreement with US December 16, 2020 The UK has signed a customs agreement with the US, ensuring trade between the countries is not disrupted after the Brexit transition ends at the end of the month. The bilateral Customs Assistance Agreement will allow customs authorities to continue to cooperate, including sharing data, to tackle customs fraud. The agreement was signed by the [...]
Snakes and Ladders: Who is moving jobs in the City this week? December 16, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City
Working capital for the capital: an interview with Lloyds Bank Commercial Banking’s SME London regional director, Paul Evans December 16, 2020 BBLS. CBILS. Furlough. Lockdown. ‘You’re on mute…’. Just some of the acronyms, words and expressions that have dominated 2020. “A very unusual year in every context” is how Paul Evans, Lloyds Bank Commercial Banking’s long-serving SME (small and medium-sized enterprise) London regional director, reflects on an unprecedented 12 months. Evans has been with Lloyds Bank [...]
Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Govt rejects £33m proposal for more passport booths at Dover leaving longer queues more likely December 16, 2020 The UK cabinet office has rejected a £33m proposal to double the capacity for French government passport checks at Dover, dooming UK passengers to long delays at the border post-Brexit. The port of Dover, which handles 2.2 million passenger vehicles each year, requested the funding in October to help it to pay for additional Brexit-related [...]
Rangers, Hummel and JD Sports probed by competition watchdog over replica kit pricing December 16, 2020 Scottish football club Rangers are being probed by the UK competition watchdog over the pricing of their replica kits. The Competition and Markets Authority is also investigating Rangers’ former kit maker Hummel and retailers JD Sports and Greaves Sports. The CMA said it’s probe centred on “suspected anti-competitive behaviour in relation to the price at [...]
Exclusive – Fintech tsar Charlotte Crosswell: ‘Our sector is not a fair and inclusive place’ December 16, 2020 As CEO of Innovate Finance, Charlotte Crosswell is Britain’s leading champion of innovative technologies in banking and finance. On behalf of the the not-for-profit group, which was founded in 2014 and supported by the City of London, she works closely with the Bank of England and the Treasury to support fintech solutions and pushes the [...]
Pound hits two-year high as hopes of Brexit trade deal rise December 16, 2020 The pound hit its highest level in two years after market optimism rose that the UK and EU would strike a post-Brexit trade agreement. Sterling climbed 0.5 per cent to $1.352 having earlier touched $1.355, its highest level since the spring of 2018. The pound was up 0.3 per cent against the euro at €1.109. [...]
Ursula von der Leyen: ‘Narrow path to agreement’ in Brexit talks December 16, 2020 Ursula von der Leyen said there is a "path to agreement now" this morning, as hopes of striking a Brexit deal by the end of the week rise.
UK firms see ‘severe pressure’ on supply chains ahead of Brexit deadline December 16, 2020 UK manufacturing firms faced “severe pressure” on their supply chains in December ahead of the Brexit deadline, causing shortages of crucial parts, a survey has shown. It comes after 10-mile lorry queues were witnessed in Calais over the weekend, as businesses tried to stockpile in case of a no-deal Brexit. Britain and the EU are [...]