Temporary Brexit? Half of young British business owners expect UK will apply to rejoin EU October 20, 2021 A third of SME business owners are convinced that the UK will apply to rejoin the EU in the future, according to new research shared exclusively with City PM this afternoon. Younger business owners are significantly more likely to believe that the UK will re-apply in the future. Nearly half (47 per cent) of 18-34-year-olds [...]
Brexit: Drop in UK-EU trade hits smaller businesses as they are forced to shun exports October 19, 2021 A fall in trade between the UK and EU shows UK small and medium sized enterprises are increasingly shunning EU exports. The latest data from the Office for National Statistics shows a second consecutive monthly fall in trade, with the effects of Brexit and the global pandemic resulting in the total exports of goods, excluding [...]
Move on from Brexit and stop seeing business as ‘enemy within’, govt is told October 18, 2021 The Government should move on from Brexit, and end the “blame game” with business over the current challenges facing the country, a leading industry group has said. Manufacturing organisation Make UK said ministers should step up working in partnership with business to address the many issues facing industry. The group said there was a feeling [...]
Post-Brexit boost: Ford picks UK factory over Germany for £200m electric car investment October 17, 2021 Ford will boost Britain’s automative industry by making electric car components at its factory in Halewood. The car company selected the Merseyside site over one of its plants in Germany for a £200m investment into its e-Drive transmission systems. The systems control power from batteries used to run a vehicle’s wheels. The deal secures the [...]
French fishermen threaten to block Channel amid post-Brexit licences row October 17, 2021 French fishermen have reportedly threatened to block Channel trade after president Emmanuel Macron failed to align European governments on how to tackle British fishing licences. “We were promised to be able to go fishing in English waters, but since January 1, it’s forbidden to us. We’re losing 50 per cent of our income,” Pierre-Yves Dachicourt, a French fisherman from [...]
Exclusive: Most investors believe Brexit will make UK more attractive place to do business October 15, 2021 More than half of all investors from the UK, US and Germany believe Brexit, and the need therefore for the UK to secure new trade deals and support businesses, will make the overall business environment in the country more attractive over the next three years. Only one in five (22 per cent) expect it to [...]
Post-Brexit accounting body to face first major test over insurance sector October 14, 2021 The UK Endorsement Board, which oversees accounting rules, is preparing to come to heads with insurers in the first major test of the new body, according to reports. The UK Endorsement Board (UKEB) was formed in direct response to Britain’s exit from the European Union, which forced the country to manage and endorse international accounting [...]
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 [...]
Here we go: EU proposes to cut checks by 80 per cent, less Brexit paperwork and free medicine flow October 13, 2021 EU proposals to reframe the Northern Ireland protocol are in as the European Commission released the details this afternoon. It is proposing to cut spot checks, reduce paperwork and make the flow of medicines easier. The EU proposals to address practical difficulties around the implementation of the Northern Ireland Protocol cover four specific areas, with [...]
Post-Brexit trade: UK eyes sectoral deals with US as Biden is not up for full-fledged pact October 13, 2021 While the UK does not know when it might get a full trade deal with the United States, the government is looking to secure separate accords on a sector-by-sector basis, the international trade secretary, Anne-Marie Trevelyan, said today. Watch the full report.
