Has the dream of a ‘V-shaped’ economic recovery died? July 14, 2020 Much has been made of whether or not the UK is going to see a ‘V-shaped’ economic recovery from coronavirus. That is, a sharp fall in output followed by an almost equally quick rebound. Those hoping for such a sharp bounce-back appeared to have been dealt a harsh blow today when official figures showed the [...]
DEBATE: Is there any point in members of the wealthy elite calling for higher taxes in response to Covid-19? July 14, 2020 In light of this week’s Millionaires for Humanity letter, is there any point in members of the wealthy elite calling for higher taxes in response to Covid-19? Gary Stevenson, inequality economist and trader, says YES. On Monday, 83 millionaires — myself included — signed an open letter calling on governments to raise taxes on people [...]
The City View: Miles Roberts on the packaging business July 13, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In today’s episode – the first recorded from City AM’s offices – Andy is joined by Miles Roberts, CEO of FTSE-100 packaging firm DS Smith. Miles and Andy discuss the impact of lockdown on packaging, what innovation looks like when it comes to cardboard, and post-Brexit goods regimes. They [...]
Brexit: UK completes assessments for City of London to retain EU access July 13, 2020 The UK has now submitted all paperwork necessary for the City of London to potentially retain access to the EU, after missing the original deadline two weeks ago. The 28 assessments were due on 1 July, however Downing Street previously blamed the EU for missing the deadline as they received much of the paperwork, which [...]
Major UK mobile networks vow not to reintroduce roaming charges after Brexit July 13, 2020 The UK’s four major phone networks — EE, Three, Vodafone and O2 — have vowed not to reintroduce roaming charges when Britain leaves the bloc in January, after the government today urged Brits to check with their mobile carriers for price changes ahead of the Brexit transition period deadline. The UK government today called on the [...]
UK unveils new three-stage post-Brexit border plan July 13, 2020 The UK’s post-Brexit border regime will come into place over three stages next year, with most businesses able to delay filling out any customs declaration forms until July. The border regime will be fully operation in July, with no customs checks at the border until this point, as the government plans to build 10 to [...]
Brexit: Social care workers not included in new healthcare visa July 13, 2020 The vast majority of social care workers will not be able to get priority access to the UK as a part of a post-Brexit fast track visa for the healthcare sector, the government has confirmed. The UK’s post-Brexit plans were set out in detail today, confirming that there will be no special exceptions for most [...]
Priti Patel scraps freedom of movement in new immigration rules July 13, 2020 Home Secretary Priti Patel today unveiled plans for a post-Brexit immigration system for the UK, which will see freedom of movement scrapped in favour of a points-based scheme and a crackdown on illegal Channel crossings. A new 130-page document presented by Patel in the House of Commons today abolishes the freedom of movement into the [...]
The FTSE 100 is lagging behind soaring global markets – but why? July 13, 2020 Stock markets around the world have soared in recent months even as economies crashed, aided by central banks pumping trillions of dollars into the system. But although all stock markets are rising, some are rising faster than others. Britain’s FTSE 100 is lagging behind almost all other major stock indices. It has risen just over [...]
UK launches Brexit awareness ad blitz for tourists and businesses July 13, 2020 The government today has launched a £93m advertising blitz to prepare businesses and tourists for the end of the Brexit transition period on 31 December. Advertising will focus on incoming changes to travel insurance and passport requirements for tourists heading to the EU, while also highlighting new trading regulations with Europe. Titled “the UK’s new [...]