Tags: 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, […]

Juncker warns on market access

Jean-Claude Juncker, the European Commission president, has insisted that Brexit does not mean “the disintegration of the European Union,” as he warned that the UK may not be granted access to the single market in his State of the Union address on Wednesday, the UK’s Daily Telegraph reports. The European Union is facing an ‘existential […]

London as a Brexit Financial Centre

Michael Mainelli of Z/Yen Group Limited will be the keynote speaker at the next Wealth Forums event in London next month, addressing the hot topic: ‘London As A Brexit Financial Centre’ Professor Michael Mainelli FCCA FCSI FBCS co-founded Z/Yen, the City of London’s leading commercial think-tank and venture firm in 1994 to promote societal advance […]

Bargain on Oxford Street

Norway’s $875 billion sovereign wealth fund, the world’s biggest, pounced on London’s Oxford Street after U.K. voters decided to leave the European Union. Just about two weeks after Britons unexpectedly voted to leave the EU at the end of June, the fund snapped up a retail and office property for 124 million pounds ($164 million) […]

‘Don’t scrap non-doms’

The UK government is risking more than £6 billion of tax revenue by changing rules governing non-domiciled taxpayers, an international law firm has warned. Pinsent Masons said that proposals to scrap non-dom tax status for people living in the UK long-term, due to come into force in April 2017, could prompt many wealthy residents to […]

NZ hosts property boom

Usually seen as a quiet backwater, New Zealand now has the world’s most frantic property market, with prices in Auckland now outstripping London, and possibly dashing the hopes of British buyers hoping to escape Brexit. In a global ranking of house price growth by estate agents Knight Frank, New Zealand was second to Turkey, but […]

UBS mulls German HQ

UBS Group AG is set to reduce capital needs by shifting its European wealth-management operations to a single unit which will probably be based in Germany, according to Juerg Zeltner, who oversees the business. Risk-weighted assets at the Swiss bank’s entity will drop by as much as 2.5 billion Swiss francs ($2.6 billion) after merging […]

Flood of Brits seeking EU passports

Britons are hurrying to ensure their own access to the European Union remains intact. In the two months since U.K. voters chose to quit the bloc, 16 embassies and high commissions in London contacted by Bloomberg News reported increases in either applications for passports or questions about residency. The stronger demand suggests eligible U.K. residents […]

London most exposed to Brexit woes

London could bear the brunt of a post-Brexit vote downturn, according to economic indicators in the weeks since the EU referendum pointing to job cuts, falling house prices and a decline in business activity in the capital. London’s economy was relatively unaffected by the previous downturn, compared with other UK regions, but early signs from […]

Profits plunge at Savills

Savills experienced a 23 percent drop in its income from UK commercial property transactions in the first half of the year, and warned that it was expecting a further slowdown globally as market uncertainty continues. The company said fee income in the UK market dropped from £41.9 million in the first half of 2015 to £32.1 million in […]