Cable Forum - Britain outside the EU

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Re: Britain outside the EU

Bears and honey.

Quote:

Exchange chief says Brexit has made investing in the UK harder

Intercontinental’s Jeffrey Sprecher was early backer of EU split but now says London has lost value as a trading centre

Brexit has made it hard to invest in the UK, according to the head of the company behind the New York Stock Exchange — a one-time backer of the UK’s split from the EU.

Jeffrey Sprecher, founder and chief executive of Intercontinental Exchange, said the UK had lost value as a trading centre since leaving the single market, and uncertainty around some post-Brexit regulations had made it difficult to invest in British businesses.

“They still seem to be getting their arms around ‘what does a post-Brexit UK look like from a regulatory standpoint’,” he said on Tuesday. “So it’s hard to make investment decisions for us in either London or continental Europe.”

Sprecher is the latest senior international executive to say that the UK has lost its appeal to investors since voting to leave the EU in 2016. One of the world’s biggest infrastructure investors said in October that Brexit was contributing to the UK’s lack of attractive investment opportunities.

He added that Brexit had “complicated” things for the UK, which had historically been a global trading centre. “There was this international move to seeing London as an access point to Europe,” Sprecher said, adding that he now saw the UK as a “foreign country”, and that investments in the US were easier to make.

https://www.ft.com/content/f027f3ec-...4-89c4ba13879f

Re: Britain outside the EU

Quote:

Tractors descend on Parliament over 'betrayal' of British farmers in post-Brexit trade deals

Save British Farming claims imported food is falling short of UK standards and farmers are being undercut by their counterparts in the EU who are still receiving subsidies.

Save British Farming claims imported food is falling short of UK standards and farmers are being undercut by their counterparts in the EU who are still receiving subsidies.

https://news.sky.com/story/tractors-...deals-13101822

Re: Britain outside the EU

Remember the good old days when we had an EU-inherited trade deal with Canada? This is no 1st April joke.

Quote:

UK car exports to Canada face 6% tariffs within days as trade dispute deepens

Allies in stand-off on how much EU content can be in vehicles as post-Brexit deal runs out

British car exports to Canada are facing tariffs of more than 6 per cent within days, as a deadlocked trade dispute between the two allies descended into further acrimony on Wednesday.

British government officials said Kemi Badenoch, UK trade secretary, felt like she was banging her head “against a brick wall” as the tariff cliff-edge of April 1 approached.

Tensions escalated last month when Canada denied Badenoch’s claim that trade talks were continuing, even though she had unilaterally suspended them on January 25.

The resulting stand-off means that on April 1 a post-Brexit trade arrangement with Canada will expire, leaving some British car exports facing a 6.1 per cent tariff if they contain significant EU content.

https://www.ft.com/content/51f6afd3-...1-354e089d3081