Strict new Brexit transport rules make UK businesses ‘give up’ on EU imports: ‘Simply not worth the hassle’ January 4, 2022 Many British businesses may “give up importing” as a result of new strict rules that came into force on Saturday, on 1 January, a former senior civil servant in charge of Brexit planning has warned. Philip Rycroft, who was permanent secretary at the Department for Exiting the European Union (DExEU) between 2017 and 2019, said [...]
Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint January 1, 2022 It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed. The City [...]
Brexit red tape: More disruption to food supplies looming as EU is ‘not prepared’ for new UK import rules that take effect on 1 January December 30, 2021 The food industry is warning of more disruption to food supplies when new UK import rules take effect this Saturday. From 1 January, importers must make a full customs declaration on goods entering the UK from the EU or other countries. Traders will no longer be able to delay completing full import customs declarations for [...]
Lockdowns a blessing in disguise for the City and Canary Wharf: Strict travel restrictions slowed Brexit exodus of bankers December 23, 2021 Three lockdowns in England made relocations for bankers in the City and Canary Wharf impossible, thereby significantly slowing an exodus of finance professionals post-Brexit. Closed borders and harsh travel restrictions imposed on the general public earlier this year led to banks postponing the relocation of some of its professionals, according to professional services firm EY. [...]
Reeled in: EU council approves post-Brexit deal on shared fishing stocks December 22, 2021 The European Council has backed a deal between the EU and UK on their shared fishing stocks, after months of wrangling between both parties.
Frost could not support Plan B restrictions, he says after quitting as Brexit minister December 20, 2021 Lord Frost could not support the government’s Plan B policy, he said today, after quitting as Brexit minister over the weekend. “I left the government, as I think is well known, because I couldn’t support certain policies, most recently on Covid restrictions and ‘plan B’,” said Frost. “I don’t support coercive policies on Covid. The [...]
EU commissioner warns against replacing Frost with Brexit hardliner December 19, 2021 An EU commissioner has warned Boris Johnson against letting Conservative party in fighting determine his pick for the next Brexit negotiator.
Britain drops bid to reduce role of EU judges in Northern Ireland Protocol December 17, 2021 Britain has caved in to Brussels over the legal role of European judges in Northern Ireland as it pushes the EU to reform the country's protocol.
IntegraFin shares run red on looming post-Brexit regulations despite record inflows December 16, 2021 Investment platform IntegraFin posted record inflows of £7.7bn today, however, shares fell into the red after its boss warned of looming Brexit regulations. Profit after tax jumped 12 per cent to more than £51m in the year to September 30, while funds under direction swelled nearly a third to £52.1bn. But shares tumbled more than [...]
No more reason to wine: Government cuts Brexit red tape on wine imports December 16, 2021 The government has today confirmed it will cut the Brexit red tape that costs wine importers coming into the UK some £130m a year. The new legislation will come into effect at the beginning of next year and will ease trading between the UK and the European Union – which accounts for half of the [...]