FTSE 100 and US stocks slip as investor excitement cools May 19, 2020 US stocks have followed the FTSE 100 lower as investor sentiment cools following a dramatic rally yesterday on hopes that a coronavirus vaccine may soon emerge. Wall Street’s Dow Jones index was down 0.6 per cent shortly after the bell. The S&P 500 was 0.3 per cent lower but the Nasdaq was up 0.2 per [...]
UK’s new tariff regime creates path for EU trade deal, says trade experts May 19, 2020 The government’s newly announced tariff regime has helped lay the path for a UK-EU free trade deal, according to trade experts. The Department of International Trade announced its new “global tariff” today for when the UK leaves the post-Brexit transition period with the EU on 31 December. It includes scrapping £30bn of taxes on imports, [...]
Government outlines new post-Brexit global trade tariffs May 19, 2020 The UK government has said that food and household appliances will be cheaper under a new post-Brexit trade tariffs regime set to begin in January. Britain will scrap all levies on £30bn of imports when it formally leaves the European Union at the end of the year. International trade secretary Liz Truss said the new [...]
UK-US trade negotiations set for advanced talks in June May 18, 2020 Trade delegates from the UK and US governments will hold two virtual negotiating rounds next month, after the first formal round of talks between ended on Friday. The next round will see both sides start to introduce detailed proposals as they try to strike a “comprehensive trade deal…at an accelerated pace”, according to international trade [...]
Landmark post-Brexit immigration bill returns to parliament May 18, 2020 The government’s landmark post-Brexit immigration bill will return to parliament today for its second reading before MPs. Under the new legislation, freedom of movement for EU citizens will cease, and will be replaced by a so-called points-based immigration system. Home secretary Priti Patel said that the bill would “give the UK full control of our [...]
Brexit trade negotiations: UK increases preparations for no-deal May 17, 2020 The UK is gearing up preparations to walk away from Brexit trade negotiations with Brussels in June and to exit the EU transition period on 31 December without a deal. The third round of negotiations were completed on Friday, with both sides expressing frustration at the slow progress of talks. UK chief negotiator David Frost [...]
Nissan considers moving Renault production to Sunderland plant May 15, 2020 Nissan is considering moving the manufacturing of two Renault SUV models from Barcelona to its Sunderland plant, it is reported. Such a move could secure thousands of British manufacturing jobs at Nissan, which committed £400m in extra funding to the factory in March. The Japanese car manufacturer is reportedly in talks with its strategic partner [...]
Brexit: ‘Tetchier’ trade talks offer little progress, says UK May 15, 2020 The UK has said “very little progress” has been made in the latest round of Brexit trade negotiations with the EU. In negotiations described as “tetchier” by one source, the UK and EU remain far apart on the most divisive key issues on securing a trading relationship after Brexit. Those include fisheries and the so-called [...]
FTSE 100 rises but US stocks stall after dire retail sales data May 15, 2020 US stocks have fallen in the wake of dire retail sales data, even as the FTSE 100 has risen on the final day of a choppy week of trading that has seen investors second-guess the recent stock market rally. The UK’s FTSE 100 index was up 1.5 per cent this afternoon at 5,785 points in [...]
UK criticises EU for ‘lack of movement’ on key issues in Brexit trade talks May 14, 2020 The UK government has again slammed Brussels negotiators for their failure to compromise on key issues, signalling little progress in the post-Brexit trade negotiations as the third round of talks near a close. The UK’s chief Brexit negotiator David Frost attended cabinet today, telling members that the EU has not budged on some of the [...]