Wednesday , September 18 2019
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UK

Port of Southampton and UK government launch first Port Economic Partnership

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The Department for Transport (DfT), in partnership with ABP’s Port of Southampton, has launched the UK’s first Port Economic Partnership (PEP), an innovative initiative to create stronger links between ports and government, to maximise long-term trade and economic growth. The Partnership will be launched at an event at London International Shipping Week, on board the NLV Pharos lightship. As part ... Read More »

U.K. Reaches Post-Brexit Deal With World’s Oldest Customs Union

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The five members of the Southern African Customs Union and Mozambique have reached a deal with the U.K. to govern trade between them after Brexit. The new agreement mirrors the deal between those countries and the European Union and will come into effect if the U.K. leaves the bloc on Oct. 31, South African Trade and Industry Minister Ebrahim Patel ... Read More »

Ministers and banks to support small and medium businesses

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Business Secretary Andrea Leadsom today (Thursday 5 September) met senior representatives of Britain’s leading banks and other lenders to set out support for SMEs ahead of 31 October and beyond to ensure they can make the most of the opportunities that Brexit will bring. She was joined at the roundtable by Michael Gove, Chancellor of the Duchy of Lancaster, John ... Read More »

HSBC’s £35bn mortgage push is good for borrowers, but it’s risky

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SBC has been the bank that has prospered most from globalisation. Hong Kong has been its gateway to an emerging China, its UK domicile has provided regulatory and legal respectability, and its US operations have enabled it to become one of the biggest US dollar clearing banks in the world. But has globalisation now stopped working in the bank’s favour? ... Read More »

UK factories suffer worst slump since 2012 amid Brexit crisis : as it happened

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Activity plunged in August to the lowest levels since July 2012, according to the latest factory PMI survey The report found that EU-based customers are shunning British manufacturers as the risk of no-deal Brexit mounts, rerouting supply chains away from the UK as the likelihood of border disruption after 31 October increases. Economists said the drop in the UK factory ... Read More »

Belarus, UK to enhance cooperation in customs matters

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Belarus and the UK are intended to increase the level of practical interaction between the customs services of the two states, the State Customs Committee of Belarus told BelTA following the meeting with the delegation of the HM Revenue and Customs of the United Kingdom of Great Britain and Northern Ireland. The heads of the customs services shared their experience ... Read More »

UK banks face week of hunger strikes and protests

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A number of banks face direct action protests in the UK starting on Monday, including hunger strikes outside Clydesdale Bank’s Glasgow headquarters, Danske Bank’s branch in Belfast and Lloyds’ offices in Bristol. In Glasgow, the Scottish businessman John Guidi, a former property developer, will pitch his tent outside the bank claiming that he is being made homeless after his £16m ... Read More »

UK firms to enrol in customs system for post-Brexit trading

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Companies in Britain will be automatically enrolled in an important customs system to trade post-Brexit, British Chancellor Sajid Javid announced on Wednesday. According to a joint announcement of British Treasury and Revenue & Customs, in the next two weeks, more than 88,000 VAT registered companies across the country will be allocated an Economic Operator Registration and Identification (EORI) number, to ... Read More »

UK documents warn of ‘meltdown’ in wake of no-deal Brexit

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Leaked British government papers that outline the effect of a no-deal Brexit show the need for an orderly withdrawal by the UK from the EU, Government sources have said. The documents, published by the Sunday Times, warn of a hard Irish border, a three-month “meltdown” at ports and shortages of food and medicine if the UK leaves the EU without ... Read More »

‘No deal Brexit’ customs plan for Manston airport site

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No deal Brexit preparations will include customs administration being carried out at the Manston airport site. The government’s HMRC department says it is the only site of its size available in Kent and “its owners are content to have it on standby for use if there is any serious travel disruption.” The site already has a special development order designating ... Read More »

No-deal Brexit preparations ‘top priority’, Boris Johnson says

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Preparing for the possibility of a no-deal Brexit should be “the top priority” for civil servants, Boris Johnson has told them in a letter. The PM said he would prefer to get a deal with the EU, but he said he recognised this “may not happen”. Earlier Jeremy Corbyn had urged the UK’s top civil servant to intervene to prevent ... Read More »

UK delegation inspects security at Karachi airport

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KARACHI: A delegation of British security agency on Tuesday arrived in Karachi on a three-day visit to inspect flight security at the Jinnah International Airport. The officials of the British Department for Transport inspected joint search baggage counters at the airport and also examined the baggage, screening and security equipment. The Civil Aviation Authority (CAA) officials arranged a briefing to ... Read More »

Up to 10 ‘free ports’ to open across UK after Brexit under new government plans

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Up to 10 so-called free ports will be established in the UK after Brexit under new plans unveiled by the government. Shipping ports and airports across the UK will be invited to bid for “free port” status after Britain leaves the EU, in line with a pledge made by Boris Johnson during the Tory leadership contest. Liz Truss, the international ... Read More »

EU must move faster to prepare for no-deal Brexit risk : CBI

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The EU, with the exception of Ireland, lags behind Britain in its no-deal preparations “by some way”, the Confederation of British Industry said on Sunday. “The combination of the EU and UK’s different approaches creates an imbalance, where EU goods and services exports will have easier access to the UK than UK goods and services exports will to the EU,” ... Read More »

Sri Lanka says illegal UK waste offloaded to India, Dubai

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COLOMBO: A Sri Lankan investigation into nearly 3,000 tonnes of illegally imported hazardous waste has shown that some of it was sent on to India and Dubai, a top minister said Friday (Jul 26). Finance Minister Mangala Samaraweera told parliament the importer of the waste had reshipped about 180 tonnes of raw garbage to India and Dubai in 2017 and ... Read More »

UK home sales down 16.5 per cent, suggest HMRC figures

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The number of homes sold in the UK in June dropped by 16.5 per cent compared with the same month last year, as property experts said political uncertainty was affecting confidence among buyers and sellers. Residential property transactions also fell to 84,490 in June 2019 from 93,520 in May — a drop of nearly 10 per cent, according to data ... Read More »

UK Govt Launches Probe After Human Remains Found in Shipping Containers Sent to Sri Lanka

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London: The UK government has launched a probe into the over 100 shipping containers sent to Sri Lanka that appeared to carry human remains disguised as recyclable metals, according to a media report. The Sri Lankan customs on Tuesday ordered the return of 111 containers after finding extremely hazardous materials mixed in with mattresses, plastics and clinical waste. Officials at ... Read More »

U.K. leader holds emergency session on Iran seizure of tanker

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British Prime Minister Theresa May chaired an emergency security session on Monday to discuss how to respond to Iran’s seizure of a British-flagged tanker in the Strait of Hormuz. The meeting of U.K. security ministers and officials discussed how to secure shipping in the sensitive region, which is vital to the world’s oil supply. Foreign Secretary Jeremy Hunt plans to ... Read More »

UK business groups call for changes to planned immigration reform

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A coalition of British industry groups and education bodies, worried by the prospect of Brexit worsening skills and labour shortages, has called for the next prime minister to relax proposed reforms of the immigration system. The #FullStrength campaign said on Wednesday it had written to both Boris Johnson, frontrunner to be the next leader of the Conservative Party and prime ... Read More »

Brexit looks to be an itch the U.K. cannot scratch

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Though everyone is confident of the U.K. heading out of the European Union, no one is sure about exactly how it will happen – or what it will look like. And much like actual divorces, Brexit has been a long drawn-out and messy ordeal that is now tentatively earmarked to occur by the end of October this year. However, the ... Read More »