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Boris Johnson has told us that the City of London will ‘adapt and prosper mightily’ after Brexit. But the industry itself is rather less confident, reports Ben Chu.
London Mayor Sadiq Khan has called on the governmment to ease post-Brexit visa rules, which he warns are putting off too many young Europeans from visiting, and working in, the UK capital.
The initial phase of Brexit moves was just the beginning, say senior bank executives.
The Isle of Olive deli on Ada Street sadly shut its doors forever last month after 11 years. / However, Brexit had a huge affect on the business. “Brexit meant that for every invoice issued to us by a producer, there was a customs fee to be paid to agents in Greece and then another fee to the agent in the UK for the import declarations,” Gregoris explained.
Mayor vows to make capital a better place to live to offset ‘shockwaves’ from EU departure.
Mairead McGuinness has launched a plan to strengthen EU’s financial system post-Brexit.
The “idiocy” of Brexit is partially to blame for one of the UK's largest tech firms choosing to list on the New York Stock Exchange over London, the company's co-founder has warned.
Financial firms will shift almost £800bn of assets from the UK to the Continent ahead of Brexit on 29 March, according to new analysis. / City firms have continued to relocate staff and assets away from London to Europe in the face of increasing uncertainty over the UK’s relationship with the EU.
Mairead McGuinness, European commissioner for financial stability, financial services and the capital markets union, says Brexit equivalence on clearing is over in 2025.
After the U.S., the UK is the world's second-biggest market for art and antiques. But Brexit and the pandemic were major blows to sales in Britain last year, which slumped by 22 percent to $9.9 billion – the lowest level in a decade.
British sentiment toward leaving the European Union appears to be changing. As the United Kingdom marks a year since its Brexit referendum vote, a new opinion poll shows that a majority now wants to stay. Special correspondent Malcolm Brabant gets a range of reactions as the country faces its independent future.
The economic fallout from leaving the EU is becoming all too apparent.
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
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Meanwhile former Cabinet minister George Eustice questioned the negotiating strategy that led to the Australia and New Zealand trade deals.
Brexit has "permanently damaged" the UK economy, former Bank of England policymaker Michael Saunders warned as London was deposed as Europe's biggest stock market.
UniCredit SpA is planning to move most of its London-based trading staff to Milan as Chief Executive Officer Andrea Orcel looks to accelerate plans by the bank to shift more people to the continent after Brexit.
The UK position 14 months ago is in sharp contrast to the flat rejection of an EU office in Belfast under Boris Johnson's government.
Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.
The most obvious macro factor is Brexit. Before Britain left the EU, more than 30% of hospitality workers across the UK were European. In London, the proportion was more than half. Brexit and the pandemic have meant many of those workers have returned to their home countries.
Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary committee report said on Thursday.
London MEP says it is 'clear the government cannot be left to its own devices when it comes to keeping our water sources safe'.
New rules over corporate lending and market trading mean EU rivals may soon have a competitive advantage.
A former Bank of England policymaker suggested there may not be a need for an austerity budget had it not been for Brexit.