The British government has suffered defeats in the House of Lords over plans to scrap certain EU laws by the end of the year, reports BBC. Peers backed an amendment which would give Parliament greater scrutiny over which rules should be ditched and also voted to give devolved governments, rather than Westminster ministers, the final say on whether EU rights should be kept.
Brexit and its consequences is not a closed issue and remains very much alive. Not only did Scotland, Northern Ireland, Gibraltar reject Brexit, but other Overseas Territories such as the Falkland Islands have suffered from the 2016 initiative.
Jonathan Haskel, an external member of the Bank of England monetary policy committee, said a wave of investment stopped in its tracks in 2016 following the Brexit vote.
Like Brexit a few years ago, popular vocabulary in UK has incorporated Bregret, basically meaning regretting the decision to vote for Britain leaving the European Union. And one of the latest opinion polls indicates a dramatic shift in the UK as to such a momentous vote. The poll, by Focaldata and taking in 10,000 people across the country, asked respondents whether they agreed or disagreed with the statement, “Britain was wrong to leave the EU”.
Brexit added £210 to the average British household food bill in the two years to the end of 2021, according to a new academic paper from the London School of Economics (LSE), with price rises hitting the poorest families.
Brazil is forecasted to gain a 19.3% larger quota of chicken meat exports to the UK in accordance with the bilateral agreement signed last November 17 at the World Trade Organization (WTO), according to information from the financial press agency Valor.
UK Prime Minister Rishi Sunak rejected calls from the strongest business lobby, the Confederation of British Industry, CBI, for closer ties with the European Union to address damaging trade barriers born out of Brexit, and also ruled out softer immigration rules to help with labor shortages.
Former Bank of England governor, Mark Carney said that the fall in the pound and shrinking economy after the UK left the European Union, Brexit, had added to inflationary pressure.
Rishi Sunak, the grandson of Indian immigrants, was nominated Monday by the British Conservative Party to replace Liz Truss as its leader and next prime minister, as his rival, Leader of the House of Commons Penny Mordaunt, failed to win enough support to run.
Liz Truss announced on Thursday she will resign, which means there will now be another leadership election to decide who becomes the next Conservative leader and prime minister. The contest to replace “the lettuce” as some London media identifies Ms Truss sis expected to be completed by the end of next week.