Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.
Thousands of Russian Twitter accounts were used to rally support for Labour in the closing stages of last year’s general election, it has been claimed. The Sunday Times said an investigation it conducted in conjunction with Swansea University had identified 6,500 Russian accounts tweeting supportive messages for Labour and denigrating the Conservatives.
The UK Government is to launch a new crackdown on money laundering amid warnings that a century old business scheme designed to help Scottish farmers is being exploited by foreign criminals. Scottish limited partnerships (SLPs) were first created in 1907 for farm holdings, but ministers say their legal structure makes them attractive money laundering vehicles for international crime groups.
The European Union could offer Britain a closer relationship after Brexit if Prime Minister Theresa May decides to stay in the bloc’s customs union, diplomats said. EU hopes London could change its stance on what ties it wants after Brexit after Britain’s upper house of parliament challenged the government on a key bill relating to May’s plan to quit the customs union.
Dozens of companies have signed up to efforts to eliminate unnecessary single-use plastic packaging by 2025, it has been announced. Under the “UK Plastics Pact”, the businesses have also agreed targets to make 100% of their plastic packaging reusable, recyclable or compostable and to ensure 70% is effectively recycled or composted.