Brexit onslaught: A third of all British business owners is not sure their company will still exist in a year’s time Business owners Nearly one in three fear their company will close before the end of this year, primarily as the long-term effects of Brexit start to bite, according to alarming data shared with City A.M. this week. A slightly bigger number, 37 per cent, don’t think their business will survive until the end of 2027, as more [...]
US gives green light to start talks on removing tariffs on British steel and aluminium that were imposed by Trump UK-US trade The Biden administration has agreed to start talks seeking to remove the tariffs on British steel and aluminium imposed by former president Donald Trump. International Trade Secretary Anne-Marie Trevelyan said she had held a “productive discussion” with US commerce secretary Gina Raimondo on Wednesday. She said that they desire a “resolution as soon as possible [...]
Global Britain goes on £11bn Brexit spending spree in Ireland as UK imports jump by a fifth UK-Ireland trade Goods imported from Ireland to Great Britain in the first 11 months of last year hit £11.2bn, an increase of more than 20 per cent, according to new figures released in Dublin. Ireland’s Central Statistics Office (CSO) said the main changes were increases in the exports of chemicals and related products and machinery and transport [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]
All eyes on yields this week after latest job data points to even tighter labour market amid record vacancies January 10, 2022 It was a week of two halves for European equity markets last week, getting off to a flyer in the first three days with the Stoxx600, setting a new record high, along with the CAC40 and the FTSE100 moving above 7,500 for the first time since February 2020. The latter part of the week turned [...]
UK businesses pay more than EU firms for emission trading post Brexit January 9, 2022 UK businesses are paying 10 per cent more than their EU counterparts to trade their emissions following Brexit. As a result of the government’s refusal to link the UK carbon market to the EU’s, British firms pay more than £75 per tonne of CO2, while EU businesses pay up to €85 (£71), the Guardian reported. [...]
Boost for Global Britain as UK exporters enjoy £620m surge in post-Brexit trade with South Korea January 5, 2022 A “huge” demand for British products and services in South Korea is boosting UK companies exports to the east Asian country, according to the government. International trade secretary Anne-Marie Trevelyan said that British firms saw a £620m surge in exports to South Korea last year, a jump of nine per cent. Trade between the UK [...]
Brexit red tape: More disruption to food supplies looming as EU is ‘not prepared’ for new UK import rules that take effect on 1 January December 30, 2021 The food industry is warning of more disruption to food supplies when new UK import rules take effect this Saturday. From 1 January, importers must make a full customs declaration on goods entering the UK from the EU or other countries. Traders will no longer be able to delay completing full import customs declarations for [...]
UK to remain one of the top six global economies post-Covid, says CEBR report December 26, 2021 The UK will stay as one of the top six global economies for the next fifteen years, according to a new forecast published by the CEBR.
UK and Australia sign its first ‘from scratch’ trade deal December 16, 2021 The UK has signed an historic trade agreement with Australia this evening, as the first ‘from scratch’ since leaving the EU,setting new global standards in digital and services and creating new work and travel opportunities for Brits and Aussies.