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Brexit deal

EU Parliament nears UK trade deal vote

EU Parliament nears UK trade deal vote

  • The EU-UK trade pact was provisionally applied on January 1, after nine months of tough negotiations and a last minute handshake just before Christmas last year.
Published 13 Apr, 2021 11:53pm
Brexit hits Portugal-UK trade in February, global trade gap shrinks
World

Brexit hits Portugal-UK trade in February, global trade gap shrinks

  • The value of goods brought in from Britain fell 56%, compared to a drop of just 10.3% in imports from 27 European Union countries.
  • The UK left the European Union's single market at the end of last year, raising barriers to trade. That final split followed more than four years of wrangling over its terms of exit from the EU.
Published 09 Apr, 2021 06:17pm
Bank of England seeks to contain banking glitches, cyber attacks
Business & Finance

Bank of England seeks to contain banking glitches, cyber attacks

  • At a time when Brexit is focusing minds on the future of financial services, this is an area of regulatory policy that provides an opportunity for UK financial services to gain competitive advantage on the global stage.
  • "The speed at which vulnerabilities are remediated should be commensurate with the potential impact that a disruption would cause, and will be an area of supervisory focus," the BoE said.
Published 29 Mar, 2021 06:26pm
Northern Ireland's peace deal under threat unless EU changes Brexit deal
World

Northern Ireland's peace deal under threat unless EU changes Brexit deal

  • We're saying there is a window of opportunity for constructive dialogue to see if we can actually get a workable solution, and I've no doubt we could get a workable solution, but it does require Brussels and Dublin to return to honouring the core guarantees of the (Belfast) Agreement.
  • If it doesn't happen, then they are opening a Pandora's box which leads to significant protest, to the bringing down of the Northern Ireland executive and then into a significant political crisis.
Published 19 Mar, 2021 07:26pm
UK pushes back timetable for post-Brexit border checks
World

UK pushes back timetable for post-Brexit border checks

  • Although we recognise that many in the border industry and many businesses have been investing time and energy to be ready on time, and indeed we in Government were confident of being ready on time, we have listened to businesses who have made a strong case that they need more time to prepare.
Published 11 Mar, 2021 07:12pm
EU moves to allow continued data flows to Britain after Brexit
World

EU moves to allow continued data flows to Britain after Brexit

  • Ensuring free and safe flow of personal data is crucial for businesses and citizens on both sides of the Channel. The UK has left the EU, but not the European privacy family.
  • This should be completed before the end of June, when an interim arrangement for data flows after Brexit ends.
Published 19 Feb, 2021 07:48pm
Britain to take much bigger GDP hit from Brexit than the EU
World

Britain to take much bigger GDP hit from Brexit than the EU

  • Britain left the EU at the end of January last year, but kept its full access to the 27-nation bloc's single market until the end of 2020, when it was replaced by a trade agreement.
  • For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK.
Updated 11 Feb, 2021 09:27pm
Northern Irish unionist says tensions rising over Brexit deal
World

Northern Irish unionist says tensions rising over Brexit deal

  • Tensions have been rising, the Protocol is quite clearly having a damaging impact not just on the port of Larne...
  • We had received intelligence that there was individuals taking registration plate numbers from staff who were coming to and from the port, that's quite sinister.
Published 02 Feb, 2021 06:20pm
British PM Johnson's father applying for French citizenship
World

British PM Johnson's father applying for French citizenship

  • The father of British Prime Minister Boris Johnson said on Thursday he was in the process of applying for a French passport to maintain his ties with the European Union after Brexit.
  • Stanley Johnson, a former member of the European Parliament who voted Remain in Britain’s 2016 referendum, told RTL radio he wanted to become a French citizen because of strong family links to France.
Published 31 Dec, 2020 03:54pm
PM sold out fish in Brexit trade deal, fishermen say
World

PM sold out fish in Brexit trade deal, fishermen say

  • British fishermen said on Saturday that Prime Minister Boris Johnson had sold out fish stocks to the European Union with a Brexit trade deal that gives EU boats significant access to the United Kingdom’s rich fishing waters.
  • The United Kingdom will leave the EU’s Common Fisheries Policy on Dec. 31, but under the trade deal agreed on Christmas Eve the current rules will remain largely in place during a 5-1/2-year transition period.
Published 28 Dec, 2020 07:09pm
Gold gains 1% as Trump signs stimulus bill
Markets

Gold gains 1% as Trump signs stimulus bill

  • Britain on Monday urged businesses to prepare for Brexit, after the country clinched a trade deal with the European Union on Thursday that preserved zero-tariff and zero-quota access to the bloc's single market.
Published 28 Dec, 2020 09:50am
UK and EU agree to historic Brexit deal
World

UK and EU agree to historic Brexit deal

  • On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
  • Downing Street has issued a statement confirming the deal.
Published 24 Dec, 2020 07:55pm
European stocks end on high note with Brexit deal in sight
Markets

European stocks end on high note with Brexit deal in sight

  • Brexit deal announcement awaited, fishing still under discussion.
  • London mid-caps hit highest in 10 months.
  • Banks lead gains, material stocks dip.
  • Stock markets in Germany, Italy and Switzerland closed.
  • No European markets report on Dec 25 due to Christmas holiday.
Published 24 Dec, 2020 07:15pm