UK must ‘knuckle down’ to get EU trade deal, says Irish PM November 12, 2020 The UK must “knuckle down” to secure a post-Brexit trade deal with the EU, the Irish prime minister has said. Taoiseach Michael Martin said failing to reach an agreement would be “very, very damaging all round”. The UK is running out of time to secure a trade deal with the bloc before the transition period [...]
Begone Trumpist protectionism! How Biden will boost prospects for global trade November 12, 2020 We cannot be sure on the exact order in which European leaders were contacted by the US President-elect, but we do know that Boris Johnson was among them early on, silencing the hysteria that our Prime Minister might be snubbed. Fears have abounded during this US presidential race that a Joe Biden win would result [...]
Tech rally drives US shares higher as FTSE 100 continues to climb November 11, 2020 US shares opened higher today as signs of a possible vaccine for Covid-19 raised investor hopes of a faster-than-expected recovery from the pandemic-induced economic crisis. Wall Street’s main indices opened higher, with technology stocks recovered from heavy losses earlier in the week. The tech-heavy Nasdaq rose 1.27 per cent shortly after the open, while the [...]
Customs chaos looms as ‘haulier’s handbook’ delayed for a month November 11, 2020 Hauliers will have just three weeks to familiarise themselves with the new regulations for transporting goods into the EU from 1 January, it was revealed today. The so-called “Hauliers’ handbook” had been due to be released at the beginning of November but will now be unveiled in full on 7 December. Speaking to the Parliamentary [...]
New foreign investment powers will create ‘considerable uncertainty’ for business November 11, 2020 A new law giving the government the power to block foreign takeovers will create “considerable uncertainty” for businesses, City firms have warned today. The National Security and Investment Bill, which was published today, has been labelled the “most significant” change to the UK’s investment regime in decades. But many are concerned that the new regime, [...]
Government mulls plans to introduce Tier 4 when lockdown lifts November 11, 2020 Ministers are mulling plans to add Tier 4 to regionalised coronavirus rules when England exits the nationwide lockdown on 2 December. Prime Minister Boris Johnson has insisted England will return to a local lockdown approach when current measures automatically expire in three weeks. However, reports that a fourth tier could be rolled out in virus [...]
The government’s National Security and Investment Bill could close the door on Global Britain November 11, 2020 As the twin spectres of Brexit and Covid-19 continue to dominate the headlines, you could be forgiven for not having the government’s planned National Security and Investment Bill on your radar. But the Bill is set to radically overhaul the UK’s approach to foreign investment at a time of significant economic uncertainty. While its exact [...]
Brexit: UK-EU trade talks unlikely to yield breakthrough by this week’s deadline November 11, 2020 The UK and EU are reportedly not on track to hit this week’s deadline to seal a post-Brexit trade deal. Sources close to the negotiations told Reuters that talks are set to drag into next week, despite both sides’ commitment to “redouble” efforts, as disagreements on fisheries and state aid policy continues to prevent serious [...]
Ministers to block foreign takeovers of UK firms under new law November 11, 2020 The government will today unveil legislation which will enable ministers to intervene and block firms in hostile states from taking over UK companies. Under the National Security and Investment Bill, it will be mandatory for deals involving firms in 17 sectors deemed of strategic importance to be notified to officials. In addition, the government will [...]
Former Vote Leave spokesperson tipped as Number 10’s new chief of staff November 11, 2020 Boris Johnson is poised to appoint his current head of communications and former Vote Leave spokesperson as Number 10’s chief of staff, according to reports. Lee Cain, who headed up the Vote Leave campaign alongside Johnson’s aide Dominic Cummings during the Brexit referendum is set to be promoted to one of Downing Street’s top jobs, [...]