Brexit: EU ‘preparing for the worst’ as UK government scrutinises Irish Sea proposals October 14, 2021 After setting out new Brexit proposals to cut trade red tape across the Irish Sea. last night, the European Union is “preparing for the worst” as the bloc awaits the UK’s response, according to media reports in Europe. The European Union Commission has laid out measures to slash 80 per cent of regulatory checks and [...]
EU’s Brexit peace offering includes removal of 50 per cent of customs checks on British goods October 13, 2021 European Commission vice president Maros Sefcovic is expected to present a number of proposals later today aimed at resolving the political stand-off between the UK and EU over the movement of goods across the Irish sea. He has promised the measures will be “very far-reaching”. The Telegraph reports the EU will offer to remove up [...]
Egypt agrees to release Ever Given ship that blocked Suez Canal in March July 5, 2021 Egypt and the insurers of the Ever Given – the ship that blocked the Suez Canal earlier this year – have reached an agreement, which will allow the container to leave the country. The blockage, back in March, disrupted global trade as the 400m long ship prevented hundreds of ships from passing the 193km water [...]
Ever Given ship faces seizure as Suez Canal operators demand compensation April 13, 2021 The Ever Given Ship that blocked the Suez Canal for six days last month faces seizure by Egyptian courts as the waterway’s operators demand compensation for lost revenue. A court in the Egyptian city of Ismailia this afternoon granted the Suez Canal Authority’s request for the 1,312ft ship to be seized, according to state-run news [...]
Brexit: UK food manufacturers to face millions of pounds of new red tape costs March 11, 2021 British food exporters are set to be hit with millions of pounds of new costs due to new EU post-Brexit bureaucracy from next month. From 21 April, Brussels will make some UK food manufacturers fill out new health assessment forms when exporting to the EU that will increase paperwork by around one-third. The new red [...]
Wall Street joins FTSE in the red following gloomy jobs data February 18, 2021 Wall Street faced a sea of red this morning as shares slid across the board after an unexpected rise in weekly jobless claims highlighted the fragile labour market recovery. A report from the US Labor Department showed initial claims for state unemployment benefits were 861,000 last week, compared with 848,000 in the prior week. The [...]
UK unveils new £20m fund for British businesses facing Brexit disruption February 11, 2021 The UK has today announced a new £20m fund for British SMEs facing post-Brexit disruption. The grants will see SMEs that trade with the EU eligible for grants of up to £2,000 each to “pay for practical support including training and professional advice”. Cabinet Office Minister Michael Gove today told MPs that some issues facing [...]
UK exports via sea to EU down 68 per cent since end of Brexit transition February 7, 2021 UK exports through sea freight to the EU in January plummeted by 68 per cent compared to last year, according to new data from the UK’s lorry lobby. Figures from the Road Haulage Association (RHA), which have been shown to Cabinet Office Minister Michael Gove, also revealed that up to 75 per cent of lorries [...]
Theresa May’s hated compromise is the only workable Brexit on offer March 15, 2019 “The deal we have negotiated is the best and indeed only deal available.” So claimed a dejected Theresa May on Tuesday night, smarting in the aftermath of the fourth biggest defeat for a sitting government in modern parliamentary history. Obviously, parliament does not agree. An overwhelming majority of MPs want May to go back to [...]
Spring Budget 2017 at-a-glance guide: All of chancellor Philip Hammond’s big announcements you need to know March 8, 2017 Chancellor Philip Hammond has delivered his first (and last, thanks to a shift around in dates) spring Budget speech. But, as not everybody has the time to go back and listen to his words of wisdom in full, here's an at-a-glance breakdown of the biggest announcements you need to know: Economics, public spending and politics [...]