The UK has shown a great deal of flexibility in the Brexit negotiations and it is important that the European Union do the sameBritish Cabinet Minister Michael Gove said Thursday, Reuters reported. “It is very important that we ensure the free flow of goods in the Northern Ireland Protocol talks“Gove added. . Credits: Forex Street […]
Tag: United Kingdom
Ministry of Finance announces measures to stimulate investment in the manufacturing sector
The UK Ministry of Finance has said in a statement on Thursday that extend the £ 1 million tax break to stimulate investment in the country’s manufacturing sector. In addition, the annual investment allowance of £ 1 million will run until January 1, 2022, has added the Ministry. This occurs after the broader British industrial […]
Sunak says the economy started to slow down in the fall
“Today’s figures show that our economy recovered during the summer, but began to slow down in the fall.“said UK Finance Minister Rishi Sunak after the release of the second quarter GDP report. Additional comments: “The steps that we have had to take subsequently to stop the spread of the virus mean that growth has probably […]
Preliminary third quarter GDP rises 15.5%, slightly below the 15.8% expected
The Preliminary Gross Domestic Product of the United Kingdom for the third quarter of 2020 has grown by 15.5%, only three tenths below the 15.8% expected. In the first quarter, GDP fell by 19.8% and in the first it fell by 2.2%. Annualized GDP for the third quarter fell by 9.6%, worsening the decline of […]
Unemployment claims drop unexpectedly in October, GBP / USD remains below 1.3200
UK Unemployment Claims for October fell 29,800 from +36,000 expected UK wages, excluding bonuses, were up 1.9% yoy versus 1.5% expected. The unemployment rate in the UK rises to 4.8% in September. The Office for National Statistics (ONS) showed Tuesday that the UK’s official unemployment rate rose to 4.8% in September versus 4.5% previously, matching […]
We are acting unilaterally to provide clarity on post-Brexit financial services
“It is in the interest of the UK and the EU to reach an agreement on the equivalence of financial services,” he said on Monday. British Finance Minister Rish Sunak. Sunak further noted that there are many areas where the EU will not agree to equivalency with the UK. Additional conclusions “Without clarity from the […]
Barnier says they are redoubling efforts to reach an agreement
The main Brexit negotiator of the European Union, Michel Barnier, said on Monday, via Twitter, that they are redoubling their efforts to reach an agreement on the future relationship between the European Union (EU) and the United Kingdom. Barnier indicated that among the things that remain to be resolved are respect for the autonomy of […]
Von der Leyen says they are still a long way from the UK on fisheries and state aid
The European Union (EU) and the United Kingdom remain widely separated on fisheries and state aid issues despite progress in Brexit negotiations Lately, Ursula von der Leyen, president of the European Commission, said in a tweet over the weekend, Reuters reports. Key Comments: “We took stock of the negotiations with the British Prime Minister, Boris […]
European Union Internal Market Commissioner sees a 50-50 chance of agreement on Brexit
There’s a 50-50 probabilities of an agreement on the Brexes, said Friday the Commissioner for the Internal Market of the European Union (EU), Thierry Breton. “We have very clear conditions and access to our European market,” “Britain would have more to lose than the EU if the talks broke down causing a Brexit no-deal.” These […]
UK to announce extension of employment support program until March
UK Finance Minister Rishi Sunak is expected to announce the extension of the employment support plan (furlough) until March, Reuters reported Thursday, citing BBC political correspondent Nick Eardley. Eardley further noted that it is unclear if the scheme will remain unchanged, with the state covering up to 80% of the salaries of affected employees. Market […]
