post-Brexit UK economy News

UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built

Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes it harder to build trust, the bloc’s financial services chief said on …

Britain Must Think ‘Creatively’ About Keeping London Competitive for Financial Services

Brexit starts a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the Bank of England. Britain left the EU’s single market on Dec. …

Post-Brexit Exodus of Staff and Assets from London to EU Slows

LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. …

UK Businesses Face Miles of Red Tape with New Brexit Border Rules

While the mile-long lines of trucks have dissipated at ports, UK businesses are waking up to less visible forms of friction at the border with the European Union that may cause more enduring damage. From health certificates to new taxes …

EU Officials Erase Brexit from Meeting Agenda Citing Scant Progress in Talks with Britain

A discussion about the negotiations over Britain and the European Union’s post-Brexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, an EU diplomat said on Wednesday. Earlier, the …

Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit

Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to pick produce. Now, the coronavirus pandemic …

UK and EU Commence Sparring Over Post-Brexit Trade Rules

The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did. Britain wants …

Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit

Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a senior lawmaker said on Thursday. The now defunct Financial Services Authority had a requirement to pay heed to competitiveness – …

UK Minister Vows Financial Services to Remain ‘National Priority’ After Brexit

Financial services will remain a “guiding light” for Britain’s economy after Brexit and there is no intention to “rip up the rulebook” to compete better as a top financial center, a government minister said on Tuesday. “My priority is to …