Nigel Farage claims he may have to leave UK after bank accounts closed June 29, 2023 Nigel Farage has claimed he may have to leave the UK after his bank accounts were closed. The former UKIP leader and Brexiteer today posted a six-minute long video on Twitter, stating his accounts had been closed and he was unable to secure banking services elsewhere. He wrote: “The establishment is trying to force me [...]
Jeremy Hunt to sign ‘milestone’ financial services agreement with EU June 27, 2023 Chancellor Jeremy Hunt will today sign a long-awaited deal with the European Union on improving regulatory cooperation for financial services, in a move that Hunt said will boost the City as a “global financial services hub”. Hunt and EU financial services commissioner Mairead McGuinness will sign a Memorandum of Understanding (MoU) at the European Commission [...]
Brexit Day: Sadiq Khan ‘effectively banned’ from flying EU flag at City Hall June 23, 2023 London Mayor Sadiq Khan has been been “effectively banned” from flying the EU flag at City Hall on the seventh anniversary of the Brexit referendum. The European Union flag, which features 12 gold stars on a blue background, was removed from a list of exemptions which do not require planning permission before being flown. A [...]
Google is ‘killing off industries’ with online ad monopoly, tech bosses tell Westminster committee June 21, 2023 Several small tech companies have accused Google of stifling competition due to its monopoly of the online advertising market – amid calls to increase competition by lawmakers. The House of Lords communications and digital committee heard the tech giant is “killing off industries”, and that its dominance leads to higher prices. In the hearing which [...]
UK businesses face regulatory minefield as EU votes in new Artificial Intelligence Act June 18, 2023 UK businesses must brace themselves to adhere to new EU artificial intelligence (AI) standards if they plan to trade in the bloc, lawyers and industry experts have said. It comes as members of the European Parliament voted overwhelmingly last week to adopt the Artificial Intelligence Act, which aims to encourage “human-centric and trustworthy” AI. Tamara [...]
UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation May 19, 2023 The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]
EU top body lifts economic growth forecast saying Europe dodged dreaded recession May 15, 2023 The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy crisis. The outlook for the 20 countries using the euro currency improved to growth of 1.1 per cent this year from 0.9 per cent in the previous predictions in February, the [...]
EU gas supplies in strong shape after winter of mass rationing April 20, 2023 The EU has emerged from winter with its energy supplies in robust shape, with storage levels above average and gas prices falling.
EU nations agree deal to reduce energy consumption by almost 12 per cent March 10, 2023 European Union member countries and negotiators from the EU Parliament have agreed on a provisional deal aimed at reducing energy consumption across the 27-nation bloc. Under the agreement, EU countries must achieve the goal collectively to ensure a reduction of consumption of at least 11.7 per cent compared with the forecasts for 2030 made three [...]
Ireland to keep European economy out of a recession as Britain gets left behind February 13, 2023 Europe is poised to swerve a recession this year in a massive U-turn from warnings of blackouts sweeping across the bloc, with GDP powered by Ireland, new forecasts out today claim. Growth in the European Union (EU) will hit 0.8 per cent this year, an upgrade from the just 0.3 per cent forecast last autumn, [...]
