The profits of British companies that trade with European Union countries have fallen across the board following the Brexitaccording to a survey made public this Tuesday by the economic newspaper ‘Financial Times’ (FT). In the survey of 1,001 managers of British companies with international trade, commissioned by the tax technology consultancy Avalara, 70% of those […]
Tag: Brexit
ECB plan to avoid “empty shells” after Brexit enters a new phase
He European Central Bank plans to deepen its scrutiny of whether the euro zone banking centers created in response to the Brexit They rely too much on London for services such as mergers and acquisitions and the issuance of shares and bonds. Before Brexit, global banks had used London as their base in the European […]
London delays controls on imports of EU goods after Brexit
He british government will delay the full imposition of import controls on goods from the European Union behind the Brexitas announced this Tuesday, delaying the start date until January 2024. The UK left the EU single market in January 2021 and has delayed full implementation of border controls several times due to concerns about disruptions […]
UK loses five years of economic growth: analysis
He United Kingdom will have five lost years of economic growth, due to the triple blow caused by the Brexitthe pandemic and the war in Ukraine, according to an analysis by the National Institute for Economic and Social Research (NIESR). Thus, the purchasing power of British workers in many areas of the United Kingdom will […]
The UK presents new measures to support its financial sector
He british government will announce on Monday new measures to support his powerful financial sector after andl Brexitwhich will include provisions for “simplify” the financing of companies in the markets. The objective is “to make the United Kingdom the most innovative and competitive global financial center”said a statement from the British Treasury released before Chancellor […]
ECB: Brexit weighs on UK trade and labor market
He European Central Bank (ECB) considers that “Brexit has been a drag on UK trade and has contributed to a drop in job supply. In an article in their economic bulletin, published this Friday, economists from the ECB Katrin Forster-van Aerssen and Tajda Spital analyze recent developments in the UK’s trade and labor market almost […]
UK accession to the TPP11 agreement is “imminent”, according to Commerce Secretary
The UK hopes to join the 11-nation trans-Pacific trading bloc known as CPTPP or TPP11 in the near future as it seeks to expand its trade ties with the rest of the world after leaving the European Union, Business and Trade Secretary Kemi Badenoch said. “We seek to join imminentlyhe recently said Badenoch to the […]
The City of London bets on cryptocurrencies after Brexit
Despite the fact that the cryptocurrency market is going through a cold winter after the collapse of the last few months, the United Kingdom accelerates plans to take advantage of its regulatory independence after the Brexit and convert to City of London into a global hub of crypto assets. The so-called Edinburgh Reform, the British […]
UK: Sunak highlights ‘great progress’ since Brexit; poll shows less support
British Prime Minister Rishi Sunak believes that the UK has achieved “Big steps” since his departure from the European Union (EU) three years ago this Tuesday, although the latest polls reflect discontent with Brexit. On the occasion of this anniversary, Sunak stressed that the United Kingdom, as an independent country, has seized the opportunities presented […]
Three years later… Brexit leaves the UK polarized and with less growth
Three years after Brexit became official, the United Kingdom is a polarized country, with economic growth problems, a lack of labor and an increasingly demoralized working class, although British politicians rule out returning to the European Union (EU). , At least in the short term. The United Kingdom left the European bloc on January 31, […]