brexit
HeadlinesUK Poll Shows Right-Wing Reform in Close Second Behind Labour Party
FinanceDeutsche Recommends Selling Sterling on Broad, Trade-Weighted Basis
TradingSterling Edges up in Holiday-Thinned Trading
TradingGerman Exports to UK Surge Amid Gold Rally, Leaving U.S. Behind
UK ‘will Think Carefully’ on Retaliating if Hit by Trump Tariffs, Business Minister Tells Ft
Date: December 6, 2024
(Reuters) -Britain will think very carefully about retaliating if U.S. President-elect Donald Trump’s incoming administration hits the country with fresh tariffs, the country’s business and trade minister Jonathan Reynolds told the FT in an interview published on Friday. Trump has floated blanket tariffs of 10% 20% on virtually all imports when he returns to the...
UK Firms Jittery About Rise in Labour Costs and Trump Tariffs, Survey Shows
Date: December 5, 2024
By Suban Abdulla LONDON (Reuters) – British companies face a challenging 2025, the British Chambers of Commerce said on Wednesday with an increase in employment costs and potential tariffs on exports likely to hit their investment and trading prospects. The possibility of higher trade tariffs, as proposed by incoming U.S. president Donald Trump, and global...
BoE Finds Potential Vulnerabilities in Financial Market Plumbing
Date: November 29, 2024
By David Milliken LONDON (Reuters) – The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of the plumbing of financial markets – did find some vulnerabilities but overall showed resilience. The stress test focused on the credit resilience of the clearing services provided...
UK Net Migration Hit Record of More Than 900,000 in 2023
Date: November 28, 2024
By Muvija M LONDON (Reuters) -Net migration to Britain hit a record of more than 900,000 in 2023, much higher than original estimates, although tougher visa rules have started to reduce the number of arrivals, official data showed. Immigration is a big political issue in Britain, where voters worry that already stretched public services cannot...
Getlink Cost to Swell 12 Million Euros From Extended ElecLink Outage
Date: November 28, 2024
(Reuters) – Getlink, which runs the undersea tunnel between France and Britain, said on Wednesday its ElecLink interconnector will be out of service for two more weeks. The cross-channel electric cable is to return to service on December 16, it said, for an extension that will have an additional impact of about 12 million euros...
Britain Tightens Sanctions on Employers Exploiting Foreign Workers
Date: November 28, 2024
By Sachin Ravikumar LONDON (Reuters) – Britain on Thursday set out stronger sanctions against employers who exploit foreign workers, following research showing abuses particularly in the social care sector. Businesses that repeatedly flout visa rules or commit serious employment breaches, such as not paying the minimum wage, will be barred from recruiting foreign workers for...