Boris Johnson maintains Brexit deal ‘is there to be done’ November 8, 2020 A post-Brexit trade deal is still “there to be done” despite the final deadline looming next month, according to Boris Johnson. Johnson, who spoke to European Commission President Ursula von der Leyen yesterday, said “the broad outlines are pretty clear” and that the EU chief “totally agrees with me”. A statement from Downing Street yesterday [...]
Dominic Raab says Joe Biden and the US has ‘no greater ally’ than UK November 8, 2020 Foreign secretary Dominic Raab has said the US has “no greater ally or dependable friend” than the UK as Downing Street prepares for a Joe Biden White House. The foreign secretary told the BBC he was “excited” to work with Biden and was “confident” the UK will be able to smooth any fears he may [...]
Tech and the City: Listing rules set for revamp to lure unicorns November 8, 2020 Rules governing public listings are reportedly set for a huge overhaul in a bid to lure tech giants to the City. Chancellor Rishi Sunak is next week set to announce a review into stock market listings to encourage tech unicorns, firms valued at over $1bn, and other high-growth companies to list in London rather than [...]
Goldman Sachs to shift $60bn of assets to Germany ahead of Brexit November 7, 2020 Goldman Sachs is set to shift as much as $60bn (£45.5bn) of assets to Germany, as the banking giant becomes the latest City stalwart to beef up EU operations ahead of Brexit. The Wall Street bank, which has previously warned that a “difficult” Brexit would impact its investment plans in the UK, will shift between [...]
English airports will close without government support, AOA warns November 6, 2020 The Airport Operators Association (AOA) has written to the Prime Minister to call for urgent support to help protect airports following restrictions on international travel announced as a part of England’s second national lockdown. In a letter to Boris Johnson the trade body said airports would like to remain open throughout the lockdown, but without [...]
Boris Johnson says UK ‘well prepared’ for no-deal Brexit November 6, 2020 The prime minister said today he hoped a post-Brexit trade deal with the European Union could be agreed, but the country was well prepared if final-stage talks with the bloc did not succeed. “I very much hope that we will [get a deal], and obviously that depends on our friends and partners across the Channel,” [...]
Editorial: Business now has little to fear from Biden – so a victory for the rules can be toasted November 6, 2020 In the run-up to the UK election in 2019, this newspaper said that whether you agreed with Jeremy Corbyn’s (ruinous) economic plans or found granting Boris Johnson a free hand with Brexit too much to bear, that Corbyn and his Labour Party did not deserve your vote. The reason? The culture of unchecked anti-Semitism and [...]
Wellcome Trust offers to buy developer Urban & Civic for £506m November 6, 2020 The Wellcome Trust has made a £506m offer for housing developer Urban & Civic for £506m, as the health research charity’s investment arm bets on the residential property sector in the south of England. The charity, which has an investment fund worth around £26.8bn, said the recommended offer is “fully aligned with our existing strategy [...]
Watchdog slams Number 10 for failing to prepare Brexit borders November 6, 2020 The UK faces “widespread disruption” after the government failed to prepare for post-Brexit border controls for British businesses, the public spending watchdog has warned. In an 85-page document released today, the National Audit Office (NAO) slammed the government for insufficient customs brokers, unprepared border sites and failure to develop adequate customs software. The report found [...]
EU Commissioner: ’50/50 chance’ UK and EU will strike Brexit deal November 6, 2020 There is a “50/50” chance that Britain and the European Union will be able to reach a deal over the terms of Britain’s exit from the bloc, a member of the European Commission said earlier this morning. “We are extremely clear on the conditions and the access to our European market,” EU Internal Market Commissioner [...]