UK treasury chief: Some businesses may hurt after Brexit
4 years, 11 months ago

UK treasury chief: Some businesses may hurt after Brexit

Associated Press  

LONDON — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country’s treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an interview Saturday that Britain’s regulations will not be aligned with the EU in the future and that those changes may hurt some businesses. British Prime Minister Boris Johnson plans to make a speech to the nation that night after holding a rare cabinet session in the north of England to emphasize his government’s plan to spread opportunity to that economically beleaguered region. The government also plans to mark Brexit by projecting a clock onto the prime minister’s official residence at 10 Downing Street in London that will count down until 11 p.m., when the break takes place.

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History of this topic

Minister reveals alarming drop in British food exports to EU since Brexit
2 days, 19 hours ago

Minister reveals alarming drop in British food exports to EU since Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Daniel Zeichner said …

Brexit deals £3bn blow to UK food exports as Starmer urged to strike deal with Brussels
1 month ago

Brexit deals £3bn blow to UK food exports as Starmer urged to strike deal with Brussels

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The new Labour …

Food and drink exports to Europe fall by a quarter after Brexit
2 years, 10 months ago

Food and drink exports to Europe fall by a quarter after Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Brexit: Some UK businesses may 'give up' importing due to new rules, says former civil servant
3 years ago

Brexit: Some UK businesses may 'give up' importing due to new rules, says former civil servant

The Telegraph  

A former senior civil servant in charge of Brexit planning has warned some British businesses may "give up importing" as a result of new rules implemented in the new year. Philip Rycroft, who was permanent secretary at the Department for Exiting the European Union between 2017 and 2019, said the changes that came into play on January 1 will cause …

After Brexit, what’s now for British businesses?
4 years ago

After Brexit, what’s now for British businesses?

Live Mint  

Business breathed a sigh of relief on Thursday after the UK and European Union announced a post-Brexit trade deal, but called for greater clarity over services, and for the move to a new regime as smooth as possible. However, a feared "no-deal" would have compounded that, given it would have meant World Trade Organization rules, with high customs duties, quotas …

UK clinches historic post-Brexit trade agreement with European Union
4 years ago

UK clinches historic post-Brexit trade agreement with European Union

Live Mint  

The U.K. clinched a historic trade deal with the European Union, averting the threat of an acrimonious breakup and laying the foundations for a new relationship with its biggest and nearest commercial partner. The agreement will allow for tariff and quota-free trade in goods after Dec. 31, but that won’t apply to the services industry -- about 80% of the …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 1 month ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

Brexit: UK delays border controls to soften blow to crashing economy
4 years, 6 months ago

Brexit: UK delays border controls to soften blow to crashing economy

CNN  

London CNN Business — The United Kingdom will delay the introduction of border checks on imports from the European Union by as much as six months in a bid to avoid piling on the pain for British business and choking off vital food supplies. The United Kingdom also confirmed that it will not extend its post-Brexit transition period with the …

Brexit will end frictionless trade between UK and EU
4 years, 10 months ago

Brexit will end frictionless trade between UK and EU

CNN  

London CNN Business — The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead. Cabinet minister Michael Gove warned UK businesses on Monday that the government will subject goods from the European Union to border controls starting at the end of this year, acknowledging the end of frictionless …

Brexit just happened. Britain and the EU are already fighting about what comes next
4 years, 11 months ago

Brexit just happened. Britain and the EU are already fighting about what comes next

CNN  

London CNN Business — Britain and the European Union have taken their first steps toward negotiating a new free trade deal, staking out sharply divergent positions Monday that point to more fraught negotiations and another year of uncertainty for businesses. Speaking less than three days after Britain left the European Union, the bloc’s chief Brexit negotiator, Michel Barnier, told reporters …

UK businesses fear a nightmare Brexit hasn’t gone away
5 years ago

UK businesses fear a nightmare Brexit hasn’t gone away

CNN  

London CNN Business — Prime Minister Boris Johnson now has a clear path to take Britain out of the European Union. At that point, however, UK goods shipped to the country’s biggest export market will be subjected to taxes unless Johnson has secured a deal that sets new terms of trade with the European Union. “We suspect that if Johnson …

Boris Johnson’s Brexit vision is built on lower standards of environmental, consumer and worker protection
5 years, 2 months ago

Boris Johnson’s Brexit vision is built on lower standards of environmental, consumer and worker protection

The Independent  

There are good arguments for leaving the European Union. But there are also bad arguments for leaving the EU, and one of the worst is that we would be free to strike trade deals with exciting new markets that we would not be able to negotiate while being held back by the bureaucratic colossus of Brussels. Without the EU’s huge …

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff
5 years, 2 months ago

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff

Firstpost  

If the UK leaves the Customs Union, it could cause delays for the movement of freight between Britain and Europe where nine of this year’s Formula 1 races and most of the pre-season take place Mexico: The chief of British-based Formula 1 outfit Mercedes Toto Wolff said on Saturday the United Kingdom crashing out of the European Union without a …

Bitter road to Brexit hits condiment producer’s bottom line
5 years, 3 months ago

Bitter road to Brexit hits condiment producer’s bottom line

Associated Press  

LOUGHBOROUGH, England — Britain hasn’t left the European Union yet, but the long, drawn-out and bitter road to Brexit is already causing financial problems for B I Europe Limited, a family-run food company in central England. His company has enjoyed hassle-free trade in Europe for 40 years and can’t lose it overnight without major problems, he said. You can’t just …

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