Tag: United Kingdom

Tuesday, February 5th 2019 - 06:15 UTC
Impact of a “no deal Brexit” for the tourism industry and jobs in UK

Over 300,000 jobs could be at risk in the Travel & Tourism sector in the United Kingdom and almost 400,000 in Europe if the UK leaves the EU without a deal on 29 March, according to a new analysis from the World Travel & Tourism Council released on Monday. A “No Deal” Brexit would have a damaging impact on one of the UK’s most important economic sectors.
Monday, February 4th 2019 - 08:54 UTC
Japan's Nissan scrapping plans to make its X-Trail sports utility vehicle in UK

Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday.
Sunday, February 3rd 2019 - 10:02 UTC
Gibraltar's legal status is a matter of fact, not opinion

In its proposal for post-Brexit, ‘visa-free travel’ the European Council on Friday has described Gibraltar as a “colony of the British Crown.” HM Government of Gibraltar is grateful to the Prime Minister for her comment that such a description is “completely unacceptable.”
Friday, February 1st 2019 - 09:48 UTC
Almost a third of UK companies moving abroad ahead of Brexit, reveals survey

Almost a third of UK companies could move operations abroad because of Brexit, a survey has suggested. Research for the Institute of Directors revealed that 16% already had relocation plans while a further 13% were actively considering doing so. The IoD said it took “no pleasure” in revealing “these worrying signs”.
Friday, February 1st 2019 - 09:44 UTC
Falklands' official RPI reached 2.9% in 2018; complaints of “inaccurate inflation”

The Falkland Islands' retail price index RPI increased by 2.9% in the 12-month period ending on December 2018, members of the Legislative Assembly were informed. The increase is broadly in line with previous quarters’ year-on-year increases.
Thursday, January 31st 2019 - 09:57 UTC
UK and Chile sign a new trade continuity agreement with post Brexit in mind

The United Kingdom and Chile signed on Wednesday in Santiago a trade continuity agreement that will see British businesses and consumers benefitting from preferential trading arrangements with Chile after Britain leaves the European Union. Ambassador to Chile Jamie Bowden and Chilean Foreign Minister Roberto Ampuero stamped the agreement. 
Thursday, January 31st 2019 - 09:33 UTC
Irish backstop is “part and parcel” of the UK's Brexit deal and stands as it is

The EU's chief negotiator Michel Barnier says the Irish backstop is “part and parcel” of the UK's Brexit deal and will not be renegotiated. Speaking at the European Parliament, Mr Barnier said it was a “realistic solution” to preventing a hard border.
Thursday, January 31st 2019 - 09:30 UTC
UK car industry on “red alert”: Brexit uncertainty had done enormous damage

Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on “red alert”, the industry's trade body said. Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.
Thursday, January 31st 2019 - 09:28 UTC
Barclays is transferring €190bn of assets from London to Dublin

Barclays is moving €190bn (£166bn) of assets to Dublin because it “cannot wait any longer” to implement its Brexit contingency plan. The High Court, which has approved the move, says the move involves 5,000 clients. However, few jobs in London are expected to be affected.
Thursday, January 31st 2019 - 09:18 UTC
Poland and Germany inclined to strike a renewed Brexit deal with Britain

The Polish Prime Minister and senior German politicians have urged Brussels to strike a Brexit deal with Britain in the first sign of divisions within the European Union over its blanket opposition to offering fresh concessions to Theresa May.