Business news

Post-Brexit UK will need all its growth engines firing

The hinterland is in revolt. This has been a theme of much of the political commentary on Donald Trump’s election and the Brexit vote in 2016. In the UK, the idea was further reinforced by the Conservatives’ success in winning seats long since 2019 General Election – turn the “Red wall” blue. Suddenly, what an… Continue reading Post-Brexit UK will need all its growth engines firing

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UK to examine post-Brexit support for music industry

UK culture secretary Oliver Dowden is examining post-Brexit financial support for the music industry, which is facing higher costs and new red tape when organising tours in the EU. But Mr Dowden urged musicians on Wednesday to use their “star power” to lobby the EU to ease new visa and work permit rules, which have… Continue reading UK to examine post-Brexit support for music industry

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UK’s post-Brexit employment shake-up misses labour market flaws

Kwasi Kwarteng, the UK business secretary, maintains that a post-Brexit review of UK employment law will not harm workers’ rights. The Labour opposition accuses ministers of tearing up promises, and says it will fight any attempt to “take a wrecking ball” to hard-won rights. But the real issue, according to business groups and lawyers, is… Continue reading UK’s post-Brexit employment shake-up misses labour market flaws

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Barnier warns post-Brexit border friction is the new normal

Michel Barnier has warned that many of the new regulatory frictions hampering cross-Channel trade will be impossible to smooth over, as the inevitable consequences of Brexit begin to manifest themselves for businesses across Europe.  The EU’s Brexit negotiator said that some things have “changed for good” as a result of the UK’s policy choices, noting… Continue reading Barnier warns post-Brexit border friction is the new normal

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EU warns banks against dodging post-Brexit trading rules

Europe’s markets regulator has warned EU banks and fund managers not to bypass new post-Brexit rules on cross-border dealing after it found “some questionable practices” used by the industry to trade with London. The statement from the European Securities and Markets Authority on Wednesday underscored authorities’ efforts to create a hard split between EU and… Continue reading EU warns banks against dodging post-Brexit trading rules

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UK’s post-Brexit trade agenda starts close to home

Along with money and borders, “control of our trade” was one of the three concrete elements of the “take back control” slogan that won the EU referendum for Leave. As the UK reclaims a fully independent trade policy after 48 years of a customs union with Europe, it must decide how to use it. The… Continue reading UK’s post-Brexit trade agenda starts close to home

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UK retailers stumped by post-Brexit trade deal with EU

Britain’s leading retailers are reviewing their supply chains to Ireland and other European markets while they work out how to avoid tariffs imposed by the UK’s post-Brexit trade deal with the EU. The Trade and Cooperation Agreement agreed with Brussels on Christmas Eve includes detailed stipulations on rules of origin that determine whether tariffs are… Continue reading UK retailers stumped by post-Brexit trade deal with EU

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England to consult on enabling gene-edited foods post-Brexit

The government is to begin a consultation on enabling the use of gene-edited crops and livestock in England, in a potentially significant post-Brexit departure from EU policy on agricultural technology. The Department for Environment, Food and Rural Affairs said on Thursday that gene editing held potential major benefits such as reducing dependence on pesticides, and argued… Continue reading England to consult on enabling gene-edited foods post-Brexit

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Companies get ready for reality of new post-Brexit trade deal

With the new year holiday weekend easing the initial impact from the UK’s exit from the EU customs union and single market, many British businesses are still working out what the new post-Brexit trade deal will mean for their operations in the coming weeks. Here, the Financial Times talks to three companies at the sharp… Continue reading Companies get ready for reality of new post-Brexit trade deal