Briton in Brexit fight of his life as Denmark plans to deport him for missing deadline November 16, 2022 A British national residing in EU member state Denmark is reportedly being deported from the Nordic country because he missed a residency application by just under four days. Phil Russell said he did not know he needed a residency application in order to remain with his fiancée Frederike in the country. As a result, he [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
Post-Brexit trade: Over half of UK firms pivoting to EU for growth, HSBC report says November 15, 2022 More than half UK firms are pivoting toward the European Union to navigate their way through economic turbulence. A groundbreaking survey carried out by HSBC UK found that 53 per cent of companies are targeting trade with the continent in spite of post-Brexit rules and renewed Brussels red tape. Surveying 2,000 firms in one of [...]
Not such a hard Brexit: Britain signs up to EU defence agreement November 14, 2022 Britain has signed up to a European Union defence agreement despite having severed ties with the EU. The High Representative of the European Union for Foreign Affairs and Security Policy, Josep Borrell, announced the move this week, in what appears to be a contradiction of the Brexit vote. Borrell, who is often viewed as the [...]
Exclusive: Tougher Brexit transfer rules not helping English players in Premier League November 8, 2022 Brexit has drastically shrunk the pool of footballers available to English clubs without having any clear benefit to the prospects of homegrown talent in the Premier League. The findings are revealed in a major new study by football consultancy Analytics FC and law firm Fragomen shared with Morning Wire and due to be published this [...]
Rishi Sunak torpedoes Boris Johnson’s Britannia ship as £250m plans sink to the bottom of the Brexit pond November 7, 2022 As part of government efforts to cut spending, a £250m plan to build a successor to the Royal Yacht Britannia has been scrapped, the Ministry of Defence confirmed this afternoon. The national flagship plan was sunk by Rishi Sunak’s administration as Whitehall braced for cuts in the November 17 autumn statement by Chancellor Jeremy Hunt. [...]
UK businesses optimistic about exports despite ongoing Brexit trouble October 31, 2022 UK businesses are optimistic about their future exports despite grappling with trade disruption caused by Brexit, a new report out today reveals. Some 42 per cent of firms expect their exports to grow over the next year, according to a survey by business lobby group the Institute of Directors (IoD). A series of free trade [...]
London keeps green finance top spot despite stiff US and European competition October 30, 2022 London has retained its crown as the greenest finance centre in the world, exclusive research shared with Morning Wire has revealed. The Square Mile shook off challenges from New York, Amsterdam and Paris to keep the top spot on Z/Yen Group’s latest green finance index. The capital’s radip adoption of green finance products such as [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Post-Brexit deal with New Zealand goes to Parliament despite ‘concerns’ over removing tariffs October 26, 2022 A post-Brexit deal between the UK and New Zealand will be “formally laid in Parliament” today despite concerns over its impact on UK producers. International trade minister Kemi Badenoch made the announcement in a letter to Angus MacNeil, the chair of the international trade committee. The deal was agreed in February by Bedanoch’s predecessor and [...]