Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
French plot to exclude UK from research project is foiled by allies June 8, 2021 A French plot to exclude the UK from participating in a research programme in quantum has been foiled by other EU member states. The European Commission reportedly wanted a blanket ban on the UK’s participation in certain parts of the €100bn Horizon Europe funding programme deemed especially sensitive. The Horizon Scheme is a research project [...]
Brexit: PM tells Macron EU and UK must make Northern Ireland protocol work June 7, 2021 Brexit: PM tells Macron EU and UK must solve Northern Ireland protocol
City bankers would rather quit than move to European capitals following Brexit June 6, 2021 Bankers in Canada are prepared to quit their jobs rather than move to other European cities following Brexit. A banker at JP Morgan told the Daily Mail that people were not willing to relocate abroad. “There have been problems – people don’t, and won’t, go to Frankfurt or Paris,” they said. “It’s [...]
EU not needed: Germany, France and Italy vying for post-Brexit deals with UK June 5, 2021 The EU’s three biggest countries – France, Italy and Germany – have started negotiations with the UK aimed at striking bilateral post-Brexit security and intelligence agreements. Discussions are taking place at ambassadorial and ministerial level, focusing on defence cooperation and intelligence sharing, according to multiple news reports in Germany and France, as well The Guardian. [...]
Brussels to break down Northern Ireland barrier to UK medicines, sources say June 4, 2021 Brussels is eyeing Northern Ireland’s barriers to British medicine supplies, looking to remove them in a bid to ease Brexit border negotiations, according to reports. The Northern Ireland Protocol has been wreaking havoc on negotiations, but the European Union is expected to offer an ‘olive branch’ in London on Wednesday, The Telegraph first reported. [...]
Post-Brexit: UK inks £21bn trade deal with Norway, Iceland and Liechtenstein June 4, 2021 The UK has inked a new trade deal with Norway, Iceland and Liechtenstein, which will see some tariffs on British exports, which were as high as 277 per cent, slashed. The deal is the first the three European countries have dedicated chapters to digital trade and small businesses. “Today’s deal will be a major boost [...]
Mayfair restaurant Le Gavroche shuts for lunch indefinitely, citing Brexit-driven staffing shortage June 2, 2021 Mayfair restaurant Le Gavroche will only open for dinner service until further notice, with the restaurant highlighting a “major” lack of well-trained hospitality staff due to a combination of Brexit and the pandemic. From 14 June, the two Michelin-starred restaurant owned by French celebrity chef Michel Roux will only open from 5pm onwards, meaning punters [...]
Exclusive: Kimberly-Clark’s EMEA president on Kleenex demand exploding overnight June 2, 2021 Since Covid took over our lives, the demand for personal care and hygiene products has gone through the roof, changing consumer behaviour and buying patterns forever. To discuss how this has impacted one of the biggest players in the industry, City PM sits down with the EMEA president of Kimberly-Clark, the owner of brands like [...]
Dog passports: Post-Brexit pet travel checks delayed until October June 1, 2021 There will be a delay to the introduction of Brexit pet travel checks on animals entering Northern Ireland from Great Britain until at least 1 October, Agriculture Minister Edwin Poots has announced this evening. The checks had been expected to begin in July. Under the new rules, animals would have needed a rabies vaccine, an [...]
