No-deal Brexit would worsen UK productivity crisis, CBI warns December 10, 2020 UK business investment will be nine per cent below its pre-coronavirus level by the end of 2022, causing “long-term scarring” and the country’s productivity crisis to drag on, the CBI has predicted. The business lobby group said that a no-deal Brexit would make the situation even worse, causing more uncertainty and disruption for businesses while [...]
Supermarkets supplying N. Ireland to get three month grace period after transition period December 9, 2020 Supermarkets selling into Northern Ireland will have a grace period to adapt their supply systems to the post-Brexit trading reality, Michael Gove said today. When the Brexit transition period ends at the end of the year, Northern Ireland will remain aligned to the EU’s single market and goods arriving in Northern Ireland will be subject [...]
What it’s like to launch a restaurant in a pandemic December 9, 2020 New Indian restaurant Pali Hill’s Avinash Shashidhara tells us what it was like opening a restaurant just as the government announced a national lockdown – not once but twice. I left the River café in 2018 after 10 amazing years and I felt like I was leaving home all over again. I wanted my own [...]
UK set to halt US tariffs in bid for post-Brexit trade deal December 9, 2020 The UK has broken ranks with the EU and is set to suspend tariffs against the US over subsidies, in an attempt to broker a post-Brexit trade deal. There has been a long battle between the US and the EU relating to state subsidies for aircraft manufacturers Airbus and Boeing. The World Trade Organisation last [...]
Sterling rises against US dollar and euro amid hopes of a Brexit deal December 9, 2020 Sterling rose against the US dollar and the euro today, boosted by hopes that a no-deal Brexit could be avoided. GBP is up 0.74 per cent on the US dollar and 0.72 per cent on the euro this afternoon following three days of losses. David Madden, a market analyst at CMC Markets UK, said a [...]
Starmer swerves question of whether Labour will vote for a Brexit trade deal December 9, 2020 Sir Keir Starmer has refused to answer whether Labour will vote for a potential post-Brexit trade deal in what is becoming a shadow cabinet row. Starmer said Labour would vote “in the national interest” if Boris Johnson can close a UK-EU trade deal and bring it to parliament before 31 December. Media reports this week [...]
Vaccine optimism spurs near-record equity inflows December 9, 2020 The long-awaited announcement of effective vaccines saw investors pile back into equity funds last month at a near-record level. Renewed optimism among investors saw a net £2.3bn added to equity funds, according to fund network Calastone’s latest data. It is the second highest month of inflows on record after April 2020 when investors welcomed coronavirus [...]
UK extends commercial tenant eviction ban until March December 9, 2020 The UK’s ban on commercial property eviction has been extended today to March 2021. Housing secretary Robert Jenrick announced that this will be the final extension of the business eviction ban, after it was originally supposed to end in September this year. A statement from the Ministry of Housing, Communities and Local Government said the [...]
Reed chair’s fear of ‘tsunami of job losses’ turns to a bullish call rejecting a UK double-dip recession December 9, 2020 The founder and chairman of recruitment company and jobs giant Reed, James Reed has done a screeching U-turn on his outlook for the UK economy and jobs market.
Post-Brexit transfer rules: How they work and why legal experts believe they are good for English football December 9, 2020 Post-Brexit transfer rules will be “easier and better” for English clubs and “a good thing for football”, according to a leading immigration lawyer. From January 2021, all overseas signings will have to prove their eligibility via a points system that takes into account factors including how many games they have played. In addition, English clubs [...]