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Brexit trade

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
UK stands pat on Brexit swaps trading as EU banks hurt
World

UK stands pat on Brexit swaps trading as EU banks hurt

  • The FCA decided in December it would allow UK market participants to trade derivatives on platforms in the bloc to avoid a rupture in EU business, even though the EU has banned EU market participants from using London platforms.
  • As flagged by Reuters earlier this month, the FCA has made no change to its stance.
Published 24 Mar, 2021 10:00pm
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 wants to resolve post-Brexit N.Ireland trade issues quickly
World

Britain wants to resolve post-Brexit N.Ireland trade issues quickly

  • We set out the issues we have currently ... We want to extend the existing measures but we are committed to working constructively and pragmatically with the EU to resolve the issues ... as quickly as possible.
  • Earlier this week, Irish Foreign Minister Simon Coveney said Dublin was open to "modest" extensions of waivers on the movement of certain goods.
Published 09 Feb, 2021 08:43pm
100,000 sign petition calling for unfettered British-N.Irish trade
World

100,000 sign petition calling for unfettered British-N.Irish trade

  • A month after Britain left the EU's orbit, it is once again arguing with Brussels over the most contentious issue of its five year Brexit negotiations - rules for trade involving Northern Ireland.
  • To ensure no land border between the British-ruled region and the rest of Ireland.
Published 05 Feb, 2021 09:25pm
Large fire at Ireland's Port of Cork brought under control
World

Large fire at Ireland's Port of Cork brought under control

  • Emergency services remain on site to monitor the area. Ship operations in Ringaskiddy (Deepwater Berth) have been suspended.
  • Images posted on social media by local residents showed a large cloud of black smoke coming from the port.
Published 09 Jan, 2021 06:00pm