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Barnier rejects UK Brexit customs proposals

EU chief negotiator Michel Barnier has rejected the idea of the UK collecting customs duties on behalf of the trading block, according to BBC News. Barnier confirmed that the EU would not delegate … Continue reading “Barnier rejects UK Brexit customs proposals”


Mark Carney criticises protectionist trend

Bank of England Governor Mark Carney has spoken out against the ‘low road’ of protectionism, saying the trend would cost jobs and growth, according to Bloomberg. Carney said signs of strain were beginning … Continue reading “Mark Carney criticises protectionist trend”


FCA floats basic savings rate plan

The Financial Conduct Authority (FCA) has proposed a minimum interest rate for savings accounts to improve returns for loyal savers, according to BBC News. The FCA has said savers who stay with the … Continue reading “FCA floats basic savings rate plan”


Hot weather could worsen Brexit-related food shortages

The prolonged hot weather in the UK could impact food supplies later in the year, worsening the impact of any disruption caused by a no-deal Brexit, according to the Food and Drink Federation … Continue reading “Hot weather could worsen Brexit-related food shortages”


Supermarkets struggle amid CO2 shortage

A shortage of carbon dioxide is causing problems in the food retail sector, according to BBC News. The gas is used to carbonate drinks and is also deployed to stun animals prior to … Continue reading “Supermarkets struggle amid CO2 shortage”


EU leaders oppose US protectionism

EU leaders say they will respond firmly to US protectionism and have plans to introduce a law for screening foreign investments, according to Reuters. Leaders of EU Member States met in Brussels for … Continue reading “EU leaders oppose US protectionism”


Costa sees sales fall 2% on 2017

Costa coffee has reported a 2% fall in sales compared to 2017 for the first quarter of 2018, according to BBC News. The coffee chain said total UK sales were up 5.2% following … Continue reading “Costa sees sales fall 2% on 2017”


UK house prices rise at slowest rate in five years

House prices rose at their slowest annual rate for five years this month, according to figures from Nationwide reported by Reuters. The mortgage lender said the slowdown was linked to relatively low economic … Continue reading “UK house prices rise at slowest rate in five years”


Brexit bill underestimated by £10bn plus, says Committee

A parliamentary committee has said that the government has underestimated the payment to be made to the European Union following Brexit by at least £10bn, according to Reuters. Negotiations between the UK and … Continue reading “Brexit bill underestimated by £10bn plus, says Committee”


EU announces retaliatory tariffs on US exports

The European Union has announced a range of tariffs to be levied against US exports, according to BBC News. The move is in retaliation to US tariffs on steel and aluminium revealed earlier … Continue reading “EU announces retaliatory tariffs on US exports”


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