Monday , January 21 2019
Breaking News


The Latest: UK’s May looks to rivals for Brexit’s Plan B


London : British Prime Minister Theresa May says she has started meeting leaders of opposition parties about Brexit and called for politicians to “put self-interest aside” and find a consensus on Britain’s path out of the European Union. May spoke outside her 10 Downing St. residence after her government narrowly won a no-confidence vote in Parliament on Wednesday evening. She ... Read More »

Conservative party chairman says UK cannot stay in EU customs union


LONDON : Britain cannot stay in the current customs union with the European Union because striking international trade deals after Brexit is a priority, the chairman of Theresa May’s Conservative party said on Thursday. Brandon Lewis said meetings would be held on Thursday between senior members of the government and colleagues across the House of Commons to try and find ... Read More »

Could the customs union help Theresa May break Brexit deadlock?


London : From the fire of Westminster’s Brexit crisis has emerged an alternative idea for an EU exit deal that might command majority House of Commons support: the permanent customs union.  After the devastating defeat  of Theresa May’s Brexit package, some cabinet ministers, Remain supporters and Labour opposition MPs are rallying around a softer EU-UK relationship that would still give ... Read More »

Brexit: Key dates in 2019 as UK prepares to leave the EU


Already 2019 is a year of political drama with unprecedented battles over Brexit. There are just weeks left before Britain leaves the EU, and there still isn’t a solid plan. If MPs, the EU and government don’t agree a deal by 29 March, the UK will leave the European Union without agreement. That’ll mean trade tariffs, tailbacks as customs checks ... Read More »

How is Dublin preparing for a possible no-deal Brexit?


London : Standing on top of the roof of the Dublin Port Company’s headquarters, you can see lots of building work amidst all the docked ships at the River Liffey’s mouth. And while that construction is not entirely Brexit-related, management at the port says it has to be prepared for the possibility of a no-deal and any potential economic fallout. ... Read More »

Brexit: Could Channel Ports cope with no deal?


London :With less than three months to go until the UK is due to leave the EU, attention is focused on how to keep vital trade routes across the English Channel flowing as smoothly as possible. “I am expecting the channel ports to operate normally in all Brexit circumstances,” the Transport Secretary Chris Grayling told the BBC this week. But ... Read More »

Dredging starts at UK port that may be used in no-deal Brexit


LONDON : Work began on Thursday to extend a small British port that could serve as a back-up if the UK leaves the European Union with no trade deal, providing the government some respite after days of criticism. Less than three months before Britain leaves the EU on March 29, the transport minister has been forced to defend awarding a ... Read More »

Top executive quits Lockheed Martin’s UK space business


London : Correction: A Lockheed Martin UK spokesman told Defense News that Patrick Wood’s resignation would not affect the company’s plans to build a major space business in the U.K. LONDON — One of Britain’s top space industry executives has quit Lockheed Martin UK and is departing the sector to take up a new post with a company best known ... Read More »

UK can ‘turn a corner’ if MPs back Brexit deal, says May


London : The UK can “turn a corner” and start to “put its differences aside” if Parliament backs the proposed Brexit deal, Theresa May has said. In her new year message, the prime minister said 2019 would mark a new chapter for the country outside the EU. Should MPs approve the exit terms later this month, she said the UK ... Read More »

No-deal Brexit ferry contract sparks concerns


London : Concerns have been raised over the readiness of a British firm contracted by the government to run extra ferries in the event of a no-deal Brexit. Seaborne Freight was awarded a £13.8m contract this week to run a freight service between Ramsgate and Ostend. The firm has never run a ferry service and a local councillor said it ... Read More »

Smuggling charges cap chaotic year for family behind Korea’s flagship airline Save


London : The matriarch behind Korea’s largest airline and her two daughters are facing arrest on smuggling charges, capping a tumultuous year for Korean Air and raising new questions over the airline’s future. The Korea Customs Service has requested that prosecutors indict Lee Myung-hee, the wife of Cho Yang-ho, the chairman of the Hanjin Group, which controls the airline, for ... Read More »

More than £2 billion Brexit preparation funding awarded to departments for a successful EU exit

A worker inspects a container at North Port in Port Klang outside Kuala Lumpur in this January 8, 2009 file photo.   REUTERS/Bazuki Muhammad/Files

London : The government is continuing to ramp up its plans for Brexit and has today (18 October 2018) allocated more than £2 billion for projects across departments. The money will support vital preparations including getting new border and customs operations ready, gearing up UK trade policy with existing and new international partners, and taking back control of our waters. ... Read More »

£8 million funding scheme for customs intermediaries and traders open


London : Customs intermediaries and traders completing customs declarations can now apply for grants to support training and IT under a £8 million investment from government, as applications open today (4 December). The government has engaged extensively with industry bodies and key providers of customs broker services – including freight forwarders, fast parcel operators and independent customs brokers – to ... Read More »

Britain’s goods exports ‘collapse’ to three-year low amid Brexit unease

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Britain’s goods exports have “collapsed” to levels not seen for three years in response to growing Brexit uncertainty and slowdowns in the Chinese and the US economies, according to a quarterly trade monitor. Business consultants BDO found that the UK’s goods exports, which have suffered a slowdown in growth since the beginning of 2017, contracted in the last three months ... Read More »

UK-Portugal operation targets foreign cars and tax offences


London : The operation was staged by GNR police’s fiscal and customs unit (UAF) and the Coast Control Unit, in cooperation with the UK’s Her Majesty’s Revenue and Customs (HMRC). The purpose of the three-day operation, which was carried out between 5 and 7 December, was to detect tax and customs offences. A statement from the GNR explained “Operation Guardian ... Read More »

Matt Beeton to be new CEO at Port of Tyne


London : Port of Tyne has announced that Matt Beeton will become its new chief executive on 7 January. “We are very pleased to welcome Matt on board. The UK’s ports face major challenges and opportunities,” Lucy Armstrong, Port of Tyne chair, said. “They remain vital to the UK economy and central to global trading. Matt’s background and experience will ... Read More »

UK tax authority warns Northern businesses to prepare for no-deal Brexit


London : The UK tax authority has written to businesses in Northern Ireland warning them to prepare for a “no-deal” Brexit. Fears are growing that the British parliament will not back an exit agreement negotiated with the EU by UK premier Theresa May, increasing the risk that the state will leave the bloc without a deal. HM Revenue & Customs ... Read More »

UK business confidence hit by cluster of Brexit uncertainties


London : Chief Financial Officers (CFOs) at UK companies remain wary ahead of the finalisation of Brexit in 2019. As the end-game approached, a new survey of British CFOs shows their confidence in business outcomes is languishing at a net of -30%, the lowest level since the aftermath of the initial referendum result. The effect of Brexit negotiations – which ... Read More »

Revealed: The Brexit legal advice that could see Britain trapped in customs backstop


London : What is the legal advice? Geoffrey Cox, the Attorney General, has drawn up secret legal advice which warns that the UK could be trapped “indefinitely” in a Customs Union after Brexit. During negotiations with the EU, the UK accepted the need for a “customs backstop” which will kick in if the Irish border issue cannot be resolved. Under ... Read More »

Key points in the EU-UK Brexit agreement

A demonstrator waves a Union flag and a European Union flag as they take part in a march calling for a People's Vote on the final Brexit deal, in central London on October 20, 2018. - Britons dreading life outside Europe gathered from all corners of the UK to London on Saturday to try to stop their country's looming breakup with the EU. (Photo by NIKLAS HALLE'N / AFP)

London : The European Union has formally approved a divorce agreement with Britain, the first country ever to leave the 28-nation bloc. The deal consists of a legally binding withdrawal agreement that runs more than 580 pages, and a 26-page political declaration on future relations. Transition period: Britain will leave the EU on March 29 but remain inside the bloc’s ... Read More »