Ay caramba! UK kicks off negotiations with Mexico for £4bn post-Brexit trade deal May 20, 2022 International Trade Secretary Anne-Marie Trevelyan is set to fire the starting gun on free trade talks between the UK and Mexico during the visit of her Mexican counterpart, Tatiana Clouthier to London this afternoon. Officials said UK negotiators would be looking to go “further and deeper” in terms of integrating ties in a relationship already [...]
Simply forget any UK-US trade deal if Britain kills off Brexit protocol, warns political heavyweight Nancy Pelosi May 20, 2022 US House speaker Nancy Pelosi has said it is “deeply concerning” the UK Government is seeking to “unilaterally discard the Northern Ireland Protocol”, adding that doing so will result in Congress not supporting a free trade agreement with the UK. The congresswoman said on Twitter: “It is deeply concerning that the United Kingdom now seeks [...]
French citizenship confirmed: Boris Johnson’s father Stanley becomes EU national while UK faces Brussels head on over Brexit May 19, 2022 European media are reporting that Stanley Johnson, the father of Prime Minister Boris Johnson, has obtained French citizenship. Johnson Sr was given a French/EU passport after he applied for citizenship in January 2021. According to various media across the continent, including the Italian newspaper La Stampa, the procedure to obtain French citizenship has ended and [...]
Brexit red tape onslaught deepens as UK economy loses £47bn because businesses drown in cross-border tax complexities May 18, 2022 Cross-border tax complexities cost the UK economy £47.6bn in lost revenue last year, an average revenue loss of 16 per cent on total EU exports, according to fresh industry data shared with City A.M. this morning. The stresses of navigating complex regulations post-Brexit continues to hold back growth for UK exporters, and is causing significant [...]
Impact of post-Brexit trade deal with New Zealand examined by parliamentary committee May 18, 2022 Post-Brexit trade with New Zealand is being brought into focus this morning, with Westminster’s top trade committee examining the impact of the free trade deal signed in February. The arrangement between the UK and the Pacific nation, which is more than 18,000 miles away, is being looked at by two panels, focusing on services and [...]
Brexit: Government finds UK unity more important than potential trade war with EU, says minister May 18, 2022 The Northern Ireland Minister said this morning that the unity of the country outweighs the potential impact of a trade war with the EU. Conor Burns said he expects to reach a compromise with the EU, though legislation would be brought before Parliament regardless. On the threat of a trade war with the EU, he [...]
Brexit: UK announces plan to kill off Northern Ireland protocol, outrage and disbelief in EU capitals May 17, 2022 Foreign Secretary Liz Truss just announced the Government’s intention to introduce legislation “in the coming weeks to make changes in the [Northern Ireland] protocol”. She told the Commons: “As the Prime Minister said, our shared objective has to be to find a solution that commands the broadest possible cross-community support for years to come and [...]
Brexit tensions rising amid UK-EU trade war drawing closer as Britain plans to kill off Northern Ireland deal today May 17, 2022 Liz Truss is expected to announce the government’s intention to bring forward legislation which rips up parts of the UK’s post-Brexit trade deal on Northern Ireland. It is understood that the Foreign Secretary will make the announcement in a statement to the Commons following a full Cabinet meeting, in an attempt to restore power-sharing in [...]
Brexit: EU is causing serious political instability in Northern Ireland, warns former secretary of state May 17, 2022 Former secretary of state for Northern Ireland Theresa Villiers has slammed the European Union for its “unreasonable” approach on the customs protocol and said the Government is right to act unilaterally. Villiers said the government is correct to ensure national unity and that its proposals represent a reasonable compromise with the EU. “I’m sure negotiations [...]
Economists hit back at Cable post-Brexit financial services regulation fears May 17, 2022 THINK TANK economists said yesterday fears that post-Brexit changes to financial services regulations could result in a ‘race to the bottom’ are “clearly nonsense.” Earlier this week former business secretary Vince Cable warned that changes to the UK regime could risk a financial crash in a letter signed by a number of other economists. But [...]