Beauty exports from the UK to the European Union have fallen by more than £850 million as a result of post-Brexit red-tape.

Labour MP Paul Blomfield will assume the role of parliamentary Co-convener of the UK Trade and Business Commission until the next general election.

Former Government Minister and Deputy Leader of the Liberal Democrats, Sir Simon Hughes, has joined the cross-party, cross-industry UK Trade and Business Commission.

The Prime Minister is facing a strong backlash from business leaders after claiming that “post-Brexit freedoms have enabled the government to cut red tape saving British businesses £1 billion per year.

Published in the Guardian and signed by 61 business leaders, trade experts and politicians, the letter expresses support for a policy of ‘beneficial alignment’ with EU standards as recommended by the UK Trade and Business Commission in its landmark report in May.

While speaking at a conference in Canada, Labour Leader Keir Starmer, suggested that if Labour were to win the next election they would not seek to diverge from EU protections and standards.

Today the Prime Minister has confirmed that the UK will roll back commitments aimed at helping the UK reach net-zero carbon emissions.

Experts have criticised the decision by the Government to relaunch the UK Board of Trade without implementing meaningful changes to how it functions.

82 leading academics, industry bosses, trade advisors and trade bodies have written to Trade Secretary Kemi Badenoch MP, urging the Government to make the Board of Trade independent.

Following the news that the UK would be rejoining Horizon, UK Trade and Business Commissioner, Layla Moran MP spoke to Chris Golds on LBC News earlier today.

The move, which was recommended by the UK Trade and Business Commission in their landmark report in May, means British researchers will benefit from the investment fund and have the opportunity to collaborate with scientists and innovators across the continent.

Hilary Benn MP will stand down from his position as co-convener of the cross-party UK Trade and Business Commission with immediate effect after being confirmed as the new Shadow Secretary of State for Northern Ireland.

A new survey of more than 3,000 firms released by the Department for Business and Trade today found that three out five now think that free trade deals will have no impact on their business, including half of all firms exporting.

The Prime Minister has been told to urgently clarify government advice to manufacturers after an announcement by the Department for Business and Trade has caused even greater uncertainty on what markings they are required to use on their products.

As recommended by the UK Trade and Business Commission, the Government has indefinitely delayed plans to introduce a new UK product safety mark.

Today the Irish government confirmed that they will provide permanent funding to allow students in Northern Ireland to access the Erasmus+ scheme.

Today the ONS confirmed that in the year to June 2023, inflation in the UK was 7.9%, remaining the highest of any G7 economy.

Today the government has relaxed visa requirements for overseas builders, carpenters and people working in the fishing industry amid widespread labour shortages prompting calls for a system overhaul.

Government assessment suggests the deal may only grow the UK economy by 0.08% but requires the UK to drop key environmental commitments as part of the deal including those aimed at reducing the production of palm oil, a key driver of deforestation in Asia.

Responding to the latest ONS GDP figures which showed the UK economy shrank by 0.1% last month, Layla Moran MP, member of the cross party UK trade and Business Commission said,