UK should not have to pay for temporary customs deal with EU, says Britain’s Brexit minister
Businessam Staff
August 15, 2017
The U.K. should not have to pay to have a customs union during an interim period after leaving the European Union (EU), Brexit Secretary David Davis said Tuesday. Britain has proposed a temporary customs union with the EU for at least three years after Brexit in order to allow the “freest and most frictionless possible trade” with the rest […]
What experts think will happen to UK housing market
Businessam StaffAugust 13, 2017
The growth in property prices stalled in July, latest data from the Royal Institution of Chartered Surveyors (Rics) revealed today showed. While some analysts think that the overall market will grow over time, others point out that homeownership woes will persist this year. Take a look at what property pundits had to say: Brexit, taxes […]
Elusive Brexit clarity meets sober economic reality
Businessam StaffAugust 11, 2017
Last time Theresa May, British Prime Minister returned from a walking holiday, she called what turned out to be — for her — a disastrous election. Not this time, it is assumed. But financial markets and an eager public hoping she can provide some Brexit clarity will probably have to balance it with another week […]
London records drop in home renting cost for four consecutive months
Businessam StaffAugust 7, 2017
The cost of renting a home in London fell for the fourth month in a row, continuing the first period of decline since 2009 as Britain’s exit from the European Union rattles the U.K. capital’s real-estate market. The average monthly rent paid for new lettings in greater London in July was 1,564 pounds ($2,039), a […]
UK pushes for powers to impose sanctions after Brexit
Businessam StaffAugust 2, 2017
The British Government has published plans Wednesday to push for a bill that would give it the legal power to impose sanctions after it leaves the EU, including making it easier to cut off funding terrorism and freeze assets, reports the News Agency of Nigeria (NAN). Britain currently negotiates and imposes non-UN sanctions against specific […]
Bank of England staff to go on first strike in 50 years
Businessam StaffAugust 1, 2017
A three-day strike by Bank of England support staff will go ahead after last-minute talks facilitated by a government-run arbitrator failed to resolve the pay dispute with the bank, the union said after it agreed to delay the start of strike action ‘in a gesture of goodwill’. Some 95 per cent of staff in maintenance, […]
7 scariest challenges facing the British economy, according to analysts
Businessam StaffJuly 26, 2017
Once Britain recovered from the worst of the crippling damage done by the financial crisis, the economy started to tick along at a reasonable pace. Since June 2016, however, when Britain voted to take itself out of the European Union, volatility and political intrigue have returned to the country’s macroeconomic picture. Britain now faces a […]
Over half of UK businesses ‘lack confidence’ in government on Brexit
Businessam StaffJuly 24, 2017
More than half of business leaders lack confidence in the government to conduct Brexit negotiations, a survey has revealed. Some 54% of 3,000 businesses polled by business finance firm MarketInvoice said the government had lost its way in talks with Brussels and that Brexit Secretary David Davis lacked preparedness, while only 5% felt he was […]
Murdochs warn UK a delay to Sky-Fox deal could hit inward investment
Businessam StaffJuly 19, 2017
James and Lachlan Murdoch urged the British government to let their company buy pay-TV group Sky (SKYB.L), saying on Wednesday that further delays to the $15 billion deal could sour the climate for foreign investment in Britain after Brexit. The Murdochs’ Twenty-First Century Fox (FOXA.O) was dealt a blow last month when Britain’s media secretary, […]