post-Brexit trade News

Why Post-Brexit Britain Is Economically Isolated, Vulnerable and Running on Fumes

Lines of cars snake from gasoline stations. Fights break out among angry motorists trying to get fuel. Grocery staples are out of stock on store shelves. A charity warns that doubling heating bills will force a million households to rely …

EU Permits Free Flow of Data with UK to Avoid Violations of Its Strict Privacy Rules

The European Union gave its formal blessing to a decision guaranteeing the free flow of data between the bloc and the UK. The European Commission, the EU’s executive arm, on Monday adopted so-called adequacy decisions that will allow companies to …

Britain Calls on EU to Open Financial Services Talks, Urging Bloc to Avoid Protectionism

Britain’s finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism. Britain left the EU in December, largely cutting off the City of London’s …

London’s ‘Golden Age’ as Europe’s Financial Center Has Ended: NatWest Chair

The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable center, NatWest bank chairman Howard Davies said on Tuesday. The City has been largely cut off from the …

Britain’s Financial Services Sector ‘Not Optimistic’ About Getting Access to EU Markets

Britain’s financial services sector won’t get access to the European Union’s markets for the foreseeable future following Brexit, industry officials said on Thursday as a row with France simmers. Britain fully left the EU on Dec. 31, 2020 and the …

Many UK Companies Report Difficulties with Post-Brexit Trade Arrangements: HSBC

LONDON – Around 40% of British companies that import and export said the shift to a new trading arrangement with the European Union had made trade more cumbersome last month, a survey showed on Thursday. The report from HSBC UK …

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 …