brexit

Trade agenda of ‘immense importance’ to deliver SDGs

Trade agenda of ‘immense importance’ to deliver SDGs

Brexit, free trade, tariffs, the Blue Charter, sustainable development goals (SDGs) and next week’s Commonwealth Heads of Government Meeting (CHOGM) were all discussed at the official launch of the 2018 Commonwealth Trade Review last night. In front of a packed conference room in central London, High Commissioners from across the Commonwealth, along with other dignitaries, […]

After Brexit and Trump, what next?

In the post-9/11, post-GFC world, and amidst the current populist and anti- establishment climate, it has become a necessity for investors to take a more pragmatic approach to global investing, according to Iain Stewart-Linnhe, a distinguished speaker at the Monaco Wealth Forum on March 15. With cross-border enforcement now a clear and present danger , […]

Parliament considers Brexit jobs crisis

As the hard truth starts to set over the dangers to the UK economy of losing hundreds of thousands of EU workers, a parliamentary committe has been hearing evidence from experts. London would “grind to a halt” without a continued flow of both high and low-skilled labour allowed into the country, said Colin Stanbridge chief […]

‘Avoid UK investments’ – top consultancy

Europe’s largest management consultancy has warned against investing in Britain. In an interview with The Times, Charles-Edouard Bouée, the chief executive of Roland Berger, which is Europe’s largest management consultancy and competes with the likes of McKinsey and Bain & Co, said that businesses are still underestimating the complexity of Brexit negotiations. “We’re advising our […]

City’s future increasingly bleak

Brexit could result in London losing its status as the financial “gateway to Europe”, according to one of Germany’s most influential banking regulators. Dr Andreas Dombret, who sits on the board of the Bundesbank, said that any deal struck between the UK and the European Union following Brexit would be “miles away from access to […]

Darker prospects for post-EU UK

Britain’s departure from the European Union could cause output losses of as much as 9.5 per cent, according to new research. Calculations using models that incorporate productivity measures show a negative impact on gross domestic product per capita of almost four times that of previous estimates, according to John Van Reenen, a professor of applied […]

UK firms worry about labour shortage

UK firms could struggle to find enough skilled workers after Brexit, according to a report from consultancy firm Mercer. It has found that Britain’s working population will grow slowly from 2020, or even contract, due to the ageing population and the prospect of fewer migrants entering the UK. Mercer has modelled several scenarios, depending whether […]

4,000 London bankers paid €1 million plus

More than 4,000 City-based financiers were paid more than €1 million (£850,000) in 2015 – including one who received nearly €34 million. The latest data from regulator the European Banking Authority shows that 80% of the financiers across the EU who were classified as high earners – receiving more than €1 million – were based […]

London will stay top, says banker

In the wake of a recent slew of reports that several banks will move at least part of their staff out of London, one top banker has said that London will not lose its status as Europe’s pre-eminent financial hub in the wake of Brexit. Financiers fear that international banks that have headquartered their European […]

Follow the Swiss, says Schäuble

Germany’s Finance Minister Wolfgang Schäuble has unofficially advised Britain to adopt Swiss-style arrangements after Brexit. “The British should take as an example how cleverly Switzerland combines national sovereignty and close cooperation with the European Union,” Schäuble told Swiss newspaper Neue Zürcher Zeitung (NZZ) in an interview published on Sunday. “The Swiss are smart enough to […]