Truss: UK has made ‘great progress’ in New Zealand free trade deal negotiations July 31, 2021 International trade secretary Liz Truss said the UK and New Zealand were “closing in” on a new free trade deal after the latest round of talks between the two countries concluded. Truss met with her Antipodean counterpart Damien O’Connor for a series of trade talks between 19 and 30 July, for a new free trade [...]
Boris Johnson and Kenyan president to host global education summit in London July 26, 2021 Prime Minister Boris Johnson will co-host a global education summit with President Uhuru Kenyatta, who arrives in London tomorrow. The summit, which takes place between 28-29 July, aims to raise $5bn to educate children across the developing world over the next five years. The two leaders are expected to discuss the progress across all areas of [...]
Charity, dating and pet spending rises as restrictions relax July 22, 2021 As Covid restrictions continue to ease, Britons spend more on charity, dating and their pets. Building society Nationwide said today that spending also surged on holidays, among many other activities, between April to June, as well as eating and drinking, leisure, gardening and clothing. Nationwide analysed millions of transactions by its customers from April to [...]
UK e-commerce sector ranks third in the world July 22, 2021 The UK’s e-commerce sector ranks third globally when comparing sales to national GDP. According to BNPL platform Butter, The UK’s e-commerce retail sales total up to $180bn dollars, which equates to 6.7 per cent of the nation’s GDP of $2.7 trillion. The world’s biggest e-commerce retail market is China, which generated $2.3 trillion through online [...]
‘Lower prices, more choice’: UK mulls tariff cuts for exports from developing countries July 19, 2021 The government is set to trim tariffs on UK imports from developing countries to both boost their economies and bring Brits “lower prices and more choice”. Around 70 countries currently qualify for the new Developing Countries Trading Scheme (DCTS), which will also introduce simpler bureaucratic rules when exporting to the UK once approved. The UK [...]
Entire Scottish whisky distillery ships to China July 16, 2021 A Scottish whisky distillery, in its entirety, is being shipped out to China today. More than 35 tonnes of equipment, including flooring, control valves and pipework, is leaving Buckie in Moray for the port of Tianjin, according to a BBC report. It will be Inner Mongolia’s first whisky distillery when it opens towards the end [...]
Post-Brexit NI: Trade deal has bigger hangups than so-called ‘sausage war’ July 15, 2021 The UK and the European Union’s post-Brexit trade deal has bigger hang-ups than the so-called “sausage war” would have let on, a Northern Ireland retail head told MPs. There are much larger problems that lie ahead for the trade industry, Northern Ireland Retail Consortium director Aodhan Connolly said. Speaking at a hearing on the impacts [...]
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]
Post-Brexit rebound: UK exports to EU climb rapidly July 9, 2021 UK exports to the EU have climbed sharply, defying fears that Brexit would dampen trade between the two blocs, figures published today reveal. Exports of UK goods to the EU jumped eight per cent in May, an increase of £1bn over the last month, according to the ONS. Total exports of UK goods to all [...]
Brazil is the most complex country to do business, Denmark the easiest July 1, 2021 Brazil ranked first in the list of the most complex jurisdictions to do business in 2021, according to the eighth Global Business Complexity Annual Report Index (GBCI). The bureaucracy involved while incorporating a business and dealing with different tax rates in cities and states puts Brazil on top of the most complex place for business. [...]