An initiative from the Falkland Islands to promote more effective collaboration between the British Overseas Territories for safeguarding children was opened for signature at the recent Joint Ministerial Council meeting held at Lancaster House in London.
So said British Deputy Foreign Minister Alan Duncan on Friday during the Business Networking Day, a gathering organized by the Argentine-British Chamber of Commerce at the Embassy in London.
The Bank of England has raised its near-term growth and inflation forecasts on Thursday following the slide in sterling seen since the U.K.'s decision to leave the European Union. The bank decided Thursday to keep interest rates at the record low level of 0.25% and maintan its quantitative easing (QE) purchase targets at up to £10 billion for corporate bonds and £435 billion for U.K. government bonds.
Defence Secretary Michael Fallon announced that the steel cut for the Royal Navy’s new next generation Type 26 Global Combat Ship now will take place in summer 2017, subject to final contract negotiations. The 2015 Strategic Defence and Security Review (SDSR15) set out the UK Government's commitment to build eight Anti-Submarine Type 26 Global Combat Ships.
The UK will increase its contribution to prosperity programs in Colombia by up to £25 million, supporting economic development and opening up investment and export opportunities worth in the region of £6 billion to the UK economy.
Tuesday saw the first ever state visit by a Colombian president to the UK. Nobel Peace Prize laureate, President Juan Manuel Santos is visiting for three days as an official guest of Her Majesty The Queen and the Duke of Edinburgh. He will have a working lunch with Prime Minister Theresa May, visit Belfast and attend events at Mansion House, the Natural History Museum and his old university, the LSE.
For the first time ever, an annual Latin American Summit has endorsed Spain’s position on Gibraltar. Spain’s Secretary of State for International Cooperation in Latin America confirmed that the 32 countries attending have supported Spain’s call to the United Kingdom to start bilateral sovereignty talks over the Rock.
Concerned about how the UK’s departure from the European Union over the next two years will impact their communities, leaders from the British Overseas Territories in the Caribbean have agreed to form a group to focus on the whole question of Brexit, reports the region's media.
Bank of England governor Mark Carney says he will step down in June 2019. It means he will serve one additional year beyond the five-year term he committed to when he took the post, but will still be two years short of the usual eight years governors serve.
The UK economy grew by 0.5% in the three months after the Brexit vote, the Office for National Statistics (ONS) has said. The figure for July to September was down from the 0.7% growth recorded in the second quarter of 2016 - the months before Britain voted to leave the European Union.