Pound wobbles as trade row engulfs start of G7 summit in Cornwall June 10, 2021 After a show of strength over recent months, the pound wobbles on the eve of the G7 summit, and although it’s likely to avoid a precipice, issues being debated at the top of the Cornish cliffs this weekend, risk another decline, according to Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown in London. [...]
UK holidaymakers warned of summer essentials shortage June 7, 2021 Summer essentials like garden furniture, picnic baskets and outdoor toys could be in short supply this year, with many British suppliers experiencing import delays this month. Around 60 per cent of British suppliers have experienced import delays, the BBC reported, with the Suez Canal blockage earlier this year partly to blame. Increasing global demand for [...]
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 [...]
Brexit: £20bn UK-Norway trade deal implodes over British beef and cheese as crucial deadline passes May 28, 2021 A wide-ranging free trade pact between the UK and Norway will have to be pushed back as Norway’s coalition government failed to reach an agreement today. The three governing parties had until today to reach consensus over fears that a free trade deal would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats [...]
Landlocked Brexit: Switzerland-EU talks collapse as Bern walks away from €227bn trade deal May 28, 2021 The Swiss government has informed the European Commission it is ending efforts to reach an agreement on a long-anticipated political treaty that would cover trade between the two countries. Switzerland refused to agree to the EU demand that the treaty would include freedom of movement stipulations. “We regret this decision, given the progress that has [...]
UK mulls a carbon tax on polluting imports May 28, 2021 The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.
UK-EU trade tumbles a quarter in first three months since end of Brexit transition period May 25, 2021 The total volume of trade between the UK and the EU plunged nearly a quarter in the first three months after the end of the Brexit transition agreement. New figures from the Office for National Statistics (ONS) today showed that total trade fell 23.1 per cent in the quarter, as compared with the same three [...]
Brexit exclusive: UK-Norway trade deal close to collapsing as Christian-Democrats block pact to protect farmers from British beef and cheese May 24, 2021 A comprehensive free trade deal between the UK and Norway is at risk of collapsing as the Christian Democrat party fears such a pact would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats party (Krf), part of the current coalition government, plans to block opening up the Norwegian market to British beef [...]
UK will cut tariffs on Australian imports to zero by mid-2030s under trade deal May 21, 2021 UK will cut tariffs on Australian imports to zero by 2030s under trade deal
Brexit hit: City of London suffers £2.3 trillion derivatives loss in a single month May 11, 2021 The City of London suffered a loss of £2.3 trillion in a single month in its lucrative derivatives trading market, with Wall Street trading platforms the ones that benefitted. U.S. swap-execution facilities pulled in more trades across euros, pounds and dollars in March while London experienced an exodus compared to last July, while venues in [...]