City figures brought in to advise on UK trade negotiations August 25, 2020 Some of the City of London’s most prominent business leaders have been drafted in by the government to consult on the UK’s ongoing trade negotiations. Leaders from companies such as EY, Barclays and HSBC will be members of the Department of International Trade’s newly formed trade advisory groups. The government is simultaneously negotiating trade deal [...]
Two-thirds of all UK businesses at risk of insolvency October 28, 2020 Two-thirds of all businesses across the UK currently trading have a “low to severe risk of insolvency”, according to the Office for National Statistics (ONS). The latest Business Impact of Coronavirus Survey (BICS) from the ONS found that 64 per cent of businesses across all industries are at risk of insolvency, with 43 per cent [...]
Shell’s court case for oil spills in Nigeria exposes our failure to deal with supply chain abuses February 17, 2023 Earlier this month, more than 11,000 Nigerian residents filed a claim at the High Court in London. Their fight was with Shell, the oil giant. But the case is also a significant test of the how far responsibility for multinationals reaches.
Budget cancelled as Rishi Sunak prepares to unveil new business support package September 23, 2020 Rishi Sunak has cancelled his planned autumn Budget and will instead announce a new package of emergency support for UK businesses in a bid to stop mass unemployment. Sunak was supposed to unveil his second budget this year within the next few weeks, with the chancellor preparing the country for the next stage of its [...]
US and EU pile new sanctions on Russia February 24, 2024 The United States and the European Union have heaped new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The US government imposed roughly 600 new sanctions on Russia and [...]
TUC calls for shake-up of UK economy during Covid-19 recovery May 20, 2020 The Trades Union Congress (TUC) has urged the government to roll out a raft of radical economic reforms to tackle the “despair of mass unemployment” and aid the UK’s coronavirus recovery. In a report published today the TUC, which represents most UK unions, called for the creation of a national recovery council to oversee an [...]
US issues final Brexit warning to UK not to take unilateral action as American delegation visits Dublin and Belfast May 23, 2022 The UK government has been warned by a delegation of US politicians not to unilaterally remove the Northern Ireland Protocol as such a move “will not work”. Democratic Congressman Dan Kildee urged Foreign Secretary Liz Truss to engage in face-to-face negotiations with Brussels to resolve the outstanding issues. It comes as the bipartisan US congressional [...]
US watchdog calls for better crypto market oversight as EU votes on MiCA regulation October 10, 2022 CryptoCompare's Francisco Memoria takes a look over the last seven days of cryptocurrency markets to see what narratives are driving prices.
UK unemployment: Experts say job losses to jump as furlough ends September 15, 2020 UK unemployment has finally started rising. Months of economic hardship and the winding down of the furlough scheme meant 695,000 people lost their jobs between March and August, according to payroll data. The Office for National Statistics (ONS) said the unemployment rate rose to 4.1 per cent in the three months to July. That was [...]
Coronavirus: Self-employed bailout won’t be perfect, says minister March 26, 2020 A health minister has warned self-employed workers in line for economic relief today that their package might not be “perfect”. Health minister Edward Argar said the government did not “want the perfect to be the enemy of the good” in formulating a package to assist the self-employed during the coronavirus outbreak. Rishi Sunak will unveil [...]