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First Year of N.Ireland Protocol Required 1 Million Customs Declarations
Date: September 2, 2022
DUBLIN (Reuters) – Over 10,000 firms completed one million customs declarations to move goods from Britain into Northern Ireland in 2021, the first year of operation of post-Brexit checks that London is now seeking to scrap. Under the Northern Ireland protocol, part of Britain’s withdrawal agreement from the European Union, Northern Ireland effectively remained in...
UK Factories Suffer Worst Month Since May 2020 as Economy Stumbles – PMI
Date: September 1, 2022
LONDON (Reuters) – British manufacturing output and new orders fell by the most in more than two years in August in the face of deepening uncertainty about surging inflation and the risk of recession at home and abroad, a survey showed on Thursday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 47.3...
Britain’s Bleak Outlook Sets Sterling to Downward Spiral
Date: August 30, 2022
By Joice Alves LONDON (Reuters) – Sterling edged lower on Tuesday against the euro and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain. Inflation in Britain could exceed 20% early next year if spiralling gas prices fail to come down,...
Record Number of Migrants Arrive in Britain by Boat on a Single Day
Date: August 23, 2022
By Andrew MacAskill LONDON (Reuters) -The number of migrants arriving in Britain in small boats hit a record for a single day on Monday, as the rise in dangerous journeys across the English Channel continues despite UK government plans to deport those arriving illegally to Rwanda. Britain’s Ministry of Defence said 1,295 people in 27...
Bank of England Sets Out Plans to Sell $23 Billion Corporate Bond Stockpile
Date: August 18, 2022
By David Milliken LONDON (Reuters) – The Bank of England set out plans on Thursday to auction off around 200 million pounds ($241 million) of corporate bonds a week from next month, as it moves ahead with its plans to unwind its huge stimulus push of recent years. The BoE bought nearly 20 billion pounds...
UK Sees Biggest Rise in Foreign Workers Since COVID-19 Pandemic
Date: August 16, 2022
By David Milliken LONDON (Reuters) – Britain recorded its biggest rise in foreign workers since the start of the COVID-19 pandemic in the year to June, driven overwhelmingly by workers from outside the European Union, official figures showed on Tuesday. Since January 2021, most EU citizens not already working in Britain must be sponsored by...