Tory MPs call for trade bill overhaul amid fears over UK’s reliance on China May 14, 2020 Two dozen Tory MPs have called for a revamp of the UK’s trade bill amid concerns that Britain is too reliant on China for imports to critical national infrastructure. The group, which includes former Brexit secretary David Davis and party leader Iain Duncan Smith, today penned a letter to trade secretary Liz Truss urging the [...]
World Trade Organization head set for shock exit May 14, 2020 The head of the World Trade Organization (WTO) is today set to announce his early departure, more than a year before the end of his term. Brazilian Roberto Azevedo, 62, has been director-general since 2013 and is serving a second term due to conclude at the end of August next year. Azevedo has summoned a [...]
UK ready to slash tariffs on US agricultural imports in free trade talks – report May 14, 2020 The UK is ready to cut tariffs on US agricultural imports in order to move talks closer to securing a free trade deal, it is reported. The Department for International Trade is looking at a “big concession package” to US negotiators in the next few months to cut the cost of some agricultural imports, the [...]
The City View podcast: Money laundering and terrorism – compliance in the age of coronavirus May 14, 2020 Christian is joined by Charles Delingpole, founder and CEO of ComplyAdvantage, a compliance and risk management platform using AI and machine learning to keep companies on the right side of the law. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Sanctions, scams and criminal activities all pose huge risks for businesses but how has the pandemic affected [...]
EU unveils plans to reopen borders in bid to salvage tourism season May 13, 2020 The EU has lain out new guidelines for member states to use to reopen their borders and encourage tourism as the bloc seeks to begin its recovery from the coronavirus pandemic. It is hoped that the measures will salvage at least some of Europe’s summer holiday season, which brings in around €150bn in the average [...]
Why staying close to your accountant matters more now May 13, 2020 Accountants exist to ensure the accuracy of financial statements and advise how to save money or boost revenue. The coronavirus pandemic, then, with its profound and deepening impact on the economy has jolted the profession like all others. Depending on their role, accountants have been battling to keep on top of the unprecedented flurry of [...]
The City View, from City A.M., with Johnny Hornby May 13, 2020 In this episode Christian is joined by Johnny Hornby, one of the most influential men in advertising – chairman and CEO of The&Partnership, the largest independent ad agency in Europe. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Johnny sets out why he believes companies must continue to advertise and [...]
Exclusive: UK-Japan trade deal to give London a £383m per year boost May 12, 2020 A potential UK-Japan free trade deal would provide a £383m boost to London’s economy each year, City A.M. can reveal. Estimates from the Department of International Trade, and seen by City A.M., show a trade deal between the two nations would be a major boon to the capital, particularly its financial and professional services industries. [...]
A UK-US financial services deal is a prize of untold value May 12, 2020 Now the UK and US have commenced trade negotiations, focus should turn to the benefits both parties could achieve through a deal in financial services. Connecting the UK’s and US’s financial markets, and their wider national ecosystems, would be a huge prize. It would give US corporates and consumers the cheapest possible access to the [...]
Exclusive: EU accused of ‘politicising’ City of London in Brexit trade talks May 11, 2020 EU negotiators have been accused of politicising the UK’s financial services sector in Brexit trade talks, after suggestions the bloc could shut the City of London out of its markets if the UK does not budge on other areas during negotiations. A senior EU official told City A.M. that Brussels will only grant the British [...]