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EU-UK finance MoU: Government should pursue beneficial alignment for all sectors
Responding to the signing of a new UK-EU memorandum of understanding for greater cooperation on financial services, Hilary Benn MP, Co-convenor of the UK Trade and Business Commission, said:
Landmark new trade policy platform recommends ‘OBR for Trade’ and beneficial alignment
The UK Trade and Business Commissions has published a comprehensive assessment of the state of UK trade containing 114 recommendations to remove barriers to growth and prepare the UK economy for the challenges and opportunities of the next decade.
Australia and New Zealand trade deals are nothing to celebrate
Responding to confirmation that the new Australia and New Zealand trade deals will come into effect this month, Layla Moran MP, member of the cross-party UK Trade and Business Commission, said
New polling: Strong majority in NI support Windsor Framework
Queens University Belfast has published new polling, which indicates a strong majority of voters in Northern Ireland support the Windsor Framework.
CPTPP “makes a mockery” of sustainable trade goals
Responding to the announcement that the UK Government has reached an agreement to join the CPTPP) Caroline Lucas MP, member of the UK Trade and Business Commission, said:
“Urgently recommit” to rejoining Horizon Europe, UKTBC tells Government
This week, the UK Trade and Business Commission sent a letter to the Government urging them to restart negotiations for the UK to rejoin the EU’s Horizon Europe research programme without delay.
Windsor framework can begin “new, pragmatic” era to UK-EU relations
Hilary Benn MP, Co-convenor of the UK Trade and Business Commission, said:
“This agreement, for which our Commission has long advocated, shows what can be achieved by putting aside old disagreements and working in good faith to provide stability and certainty.
Twice as many UK unicorns cutting jobs compared to EU counterparts
New analysis by the UK Trade and Business Commission (UKTBC) reveals that the UK’s most valuable fintech companies have been more badly impacted by staff layoffs in the past year, compared to their EU based counterparts.
NI Protocol ruling: All sides must now show flexibility
Responding to the ruling made by the Supreme Court today that the Northern Ireland Protocol is lawful, Hilary Benn MP, co-convenor of the UK Trade and Business Commission, said:
NI Protocol: Both sides showing flexibility needed for a deal
Responding to reports that the UK and EU have reached an agreement on the impasse on the Northern Ireland Protocol, Hilary Benn MP, Co-convenor of the UK Trade and Business Commission, said:
€200m post-Brexit funding shortfall piles misery on UK creative sector
Rocket Entertainment Group CEO and filmmaker David Furnish has warned that lost opportunities and increased red tape are threatening the future of creative industries as new analysis suggests that the UK arts and film industries may have missed out on nearly €200m in EU funding.
Costs for UK construction outstrips EU while exports fall
Official figures show that since 2015 the cost of construction materials in the UK increased by around 60% compared to 35% in the EU. Over the same period the cost of construction workers in the UK increased by around a third between while Denmark and the Netherlands saw less than half the UK increase.
Industry voices called to give evidence in first economy-wide consultation of post-Brexit trading arrangements
In a UK first, an economy-wide consultation has been launched to gather evidence on the biggest issues facing all industries in the post-Brexit landscape and as the UK Government negotiates new trade agreements.
BCC Report: Government must remove barriers of 'unworkable' Brexit deal
Responding to the new British Chambers of Commerce report, Hilary Benn MP co-convenor of the UK Trade and Business Commission, said:
UK needs immigration pragmatism as new research shows Brexit premium on food
Responding to new LSE research which suggests that Brexit has added £210 to the average annual food bill since 2020, Hilary Benn MP, Co-Convenor of the UK Trade and Business Commission, said:
UK Government’s rush to scrap EU law branded ‘crazy’
Legal experts and industry representatives have said that the Government’s EU Retained Law Bill will leave businesses, consumers and civil servants scrambling to understand and deal with the impact of the mass scrapping of legislation, putting worker, health and environmental protections at risk.
New aluminium tariffs will hit industry and turn UK into China’s clearing house
Responding to warnings from the UK aluminium sector that the Trade Remedies Authority’s (TRA) proposed anti-dumping tariffs are too low and could force British manufacturers to close shop, industrial and chemical sector expert and UK Trade and Business Commissioner Dr Geoff Mackey said,
NI Election would deliver neither stability or support for businesses
Welcoming an announcement from the Northern Ireland Secretary that he will not call another Assembly election this year, Hilary Benn MP, Co-convener of the cross-party UK Trade and Business Commission said,
Government ‘turmoil’ threatens great British boozer
Industry leaders and representatives of small businesses have said that the future of British pubs and other SMEs has been left on a knife's edge by turmoil from the UK Government, and they are now facing a situation that is ‘worse than Covid’.