Search

Brexit has led to increased red tape and costs for Danish companies exporting to the UK. From April 30, the UK will impose checks on fresh food imports, reversing the era of frictionless trade. While larger exporters like Danish Crown are confident they can adapt, smaller exporters may struggle with the increased costs and bureaucracy, leading to more expensive produce for consumers. The new checks and added costs are expected to raise food prices and have a significant impact on trade. However, Danish firms are not currently pulling out of the UK market, and the Danish government is taking Brexit seriously to ensure businesses can continue operating. The end result of Brexit is that trade is harder and more expensive, but it has not stopped altogether. [Extracted from the article]

The UK government plans to implement "light-touch" post-Brexit checks on food and plant products to avoid disrupting trade with EU nations. The checks, which will be introduced at the end of the month, will focus on medium- to high-risk foods such as cheese, fish, and meat. While industry groups and companies have expressed concerns about potential shortages and increased costs, the government's own modeling suggests that food prices will only rise by 0.2% over three years. The Department for Business and Trade aims to minimize hurdles for businesses and reduce red tape. [Extracted from the article]

Brexit border controls on certain foods imported to the UK from the European Union may increase inflation by 0.2 percentage points, according to a report by Allianz Trade. EU food imports like fish, salami, and cheese will be subject to fees starting April 30, impacting £21 billion worth of agricultural imports. These fees could raise import costs by £2 billion and potentially lead to a 0.4% decrease in consumer spending. The UK's decision to suspend tariffs on goods not covered by Free Trade Agreements will help mitigate overall inflationary pressures. However, Allianz predicts that UK households will face higher food prices as exporters pass on the increased costs to consumers. The government disagrees with Allianz's figures and believes that border checks are necessary to protect the UK's food supply chain. [Extracted from the article]

Brexit border controls on certain foods imported to the UK from the European Union could lead to a 0.2 percentage point increase in inflation, according to a report by Allianz Trade. Starting April 30, EU food imports like fish, salami, and cheese will be subject to fees of up to £145 ($182). Allianz estimates that these border controls will impact £21 billion worth of agricultural imports, or about 3% of all UK imports, potentially leading to a 0.4% loss of consumer spending. The UK government disputes these figures, stating that the checks will have minimal impact on food prices and consumers. However, Allianz predicts that the border controls will make food more expensive, particularly for low-income households, and could have a lasting impact on inflation. [Extracted from the article]

The UK and EU have been in talks over a delay at official level for several months, but the EU hasn't made a decision. (Bloomberg) -- UK Business and Trade Secretary Kemi Badenoch said the European Union's refusal so far to delay the introduction of post-Brexit tariffs on electric vehicles is driven by "ideological reasons", as Britain awaits a decision from the EU commission. [Extracted from the article]

(Bloomberg) -- The UK is weighing options to blunt the cost of post-Brexit border checks on European food imports due to start in January over fears they could exacerbate the country's inflation problem. Inflation in the UK has defied the BOE's efforts to rein in prices, prompting the central bank to unexpectedly raise interest rates by half a percentage point last week. [Extracted from the article]

(Bloomberg) -- The UK government is lobbying the European Union to delay Brexit-related local manufacturing requirements after the maker of Vauxhall and Peugeot cars warned the rules may lead to factory closures. The rules stipulate that 45% of an electric vehicle's value must be sourced in the UK or Europe from 2024 to avoid export tariffs of 10% - a burden for UK automakers selling cars abroad. [Extracted from the article]

The rules stipulate that 45% of an electric vehicle's value must be sourced in the UK or Europe from 2024 to avoid export tariffs of 10% - a burden for UK automakers selling cars abroad. (Bloomberg) -- The UK government is lobbying the European Union to delay Brexit-related local manufacturing requirements after the maker of Vauxhall and Peugeot cars warned the rules may lead to factory closures. [Extracted from the article]

Repairing Relations The UK has made little progress since leaving the EU in securing agreements for how its lucrative financial sector interacts with its largest trading partner. (Bloomberg) -- A long-awaited agreement between the UK and the European Union on the future of financial services could be signed off by European officials as soon as June, according to people familiar with the matter. [Extracted from the article]

(Bloomberg) -- The UK economy is yet to feel the worst impacts of Britain's divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak's recent efforts to smooth relations with the bloc. Sunak's Britain Is Starting to Have Second Thoughts About Brexit And for O'Leary, Britain's demographics also point to the possibility for relations with the EU to improve further, because of the older age profile of those who voted for Brexit. [Extracted from the article]

Sunak's Britain Is Starting to Have Second Thoughts About Brexit And for O'Leary, Britain's demographics also point to the possibility for relations with the EU to improve further, because of the older age profile of those who voted for Brexit. (Bloomberg) -- The UK economy is yet to feel the worst impacts of Britain's divorce from the European Union, senior business leaders said, in spite of Prime Minister Rishi Sunak's recent efforts to smooth relations with the bloc. [Extracted from the article]

(Bloomberg) -- The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union. "Joining the CPTPP trade bloc puts the UK at the center of a dynamic and growing group of Pacific economies, as the first new nation and first European country to join", Sunak said in a statement. [Extracted from the article]

"Joining the CPTPP trade bloc puts the UK at the center of a dynamic and growing group of Pacific economies, as the first new nation and first European country to join", Sunak said in a statement. (Bloomberg) -- The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union. [Extracted from the article]

"Joining the CPTPP trade bloc puts the UK at the center of a dynamic and growing group of Pacific economies, as the first new nation and first European country to join", Sunak said in a statement. (Bloomberg) -- The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak hailed the prospect of the UK joining an 11-nation Indo-Pacific free-trade bloc, amid expectations that accession will be agreed as soon as Friday. The UK's own projections, published in 2021, show that joining CPTPP will only boost the UK economy by 0.08%, partly due to the existence of bilateral deals. [Extracted from the article]

UK Foreign Secretary James Cleverly and EU Commission Vice-President Maros Sefcovic will today meet in London to adopt the so-called Windsor Framework, after which new trading arrangements can be implemented, the Foreign Office said in a statement. (Bloomberg) -- The UK and European Union will sign off on their new Brexit deal for Northern Ireland on Friday, despite ongoing opposition to the agreement from some unionists in the region. [Extracted from the article]

(Bloomberg) -- US businesses are poised to invest billions of dollars into Northern Ireland if the "Windsor" deal on post-Brexit trading arrangements leads to political stability in the region. The investment is described as ready-to-go by people with knowledge of the plans, following months of talks led by UK Northern Ireland Secretary Chris Heaton-Harris. [Extracted from the article]

The original Brexit treaty gave Northern Ireland unique access to both the UK and EU markets, but effectively imposed a customs border in the Irish Sea between the Great Britain and the region. (Bloomberg) -- Prime Minister Rishi Sunak's government is beginning its hardest sell: convincing skeptical Northern Irish politicians to back its new post-Brexit deal on trade with the European Union. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak's government is beginning its hardest sell: convincing skeptical Northern Irish politicians to back its new post-Brexit deal on trade with the European Union. In a boost for Sunak, Steve Baker, Northern Ireland minister and a Brexit hard-liner who helped scupper former Prime Minister Theresa May's Brexit deal, enthusiastically backed the agreement. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak's government is beginning its hardest sell: convincing skeptical Northern Irish politicians to back its new post-Brexit deal on trade with the European Union. In a boost for Sunak, Steve Baker, Northern Ireland minister and a Brexit hard-liner who helped scupper former Prime Minister Theresa May's Brexit deal, enthusiastically backed the agreement. [Extracted from the article]

Brexit Latest: Rolling Coverage of the UK-EU Agreement Sunak said the new deal took several "big steps forward" that would be an improvement on the existing Protocol. (Bloomberg) -- The UK and European Union reached a new deal on Northern Ireland's trading arrangements aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit. The original treaty gave Northern Ireland unique access to both the UK and EU markets, but effectively imposed a customs border in the Irish Sea between the Great Britain and the region. [Extracted from the article]

Sunak told pro-Brexit MPs on Monday that he sympathized with their view that EU law should have no role in Northern Ireland, but that this was impossible while the region remains in the bloc's single market. What's In the Northern Ireland Brexit Deal? The role of the ECJ has been a key concern for pro-unionist politicians in Belfast and London, who didn't want EU regulations superseding UK laws. [Extracted from the article]

(Bloomberg) -- The UK and European Union reached a new deal on Northern Ireland's trading arrangements aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit. The two sides have been negotiating over new terms to ease trade flows between Britain and Northern Ireland and put to rest the biggest hangover of Brexit three years after the formal divorce. [Extracted from the article]

(Bloomberg) -- The UK and European Union reached a new deal on Northern Ireland's trading arrangements aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit. EU officials said the European Court of Justice wouldn't be involved in this process but would continue to be the sole arbiter of EU law. Brexit Latest: Rolling Coverage of the UK-EU Agreement Sunak said the new deal took several "big steps forward" that would be an improvement on the existing Protocol. [Extracted from the article]

(Bloomberg) -- The UK and European Union reached a new deal on Northern Ireland's trading arrangements, aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit. The two sides have been negotiating over new terms to ease trade flows between Britain and Northern Ireland and put to rest the biggest hangover of Brexit three years after the formal divorce. [Extracted from the article]

Brexit Latest: Key Pro-Brexit MP Says UK, EU "On Cusp" of Deal Key Developments: Sunak Aims to Unveil New Trading Deal for Northern Ireland Rishi Sunak Faces Brexit Hell in Showdown With UK Hardliners Why Northern Ireland Keeps the UK and Europe at Odds: QuickTake (All times are U.K.) Sunak Win Key Backing of Pro-Brexit MP (1 p.m.) Northern Ireland minister Steve Baker, a former chair of the European Research Group of Brexiteer Tory MPs, appears to have given his backing to the imminent deal. (Bloomberg) -- Prime Minister Rishi Sunak will meet with European Commission President Ursula von der Leyen on Monday to finalize a new deal on post-Brexit trading arrangements for Northern Ireland. [Extracted from the article]

The two sides have been negotiating over new terms to ease trade flows between Britain and Northern Ireland and put to rest the biggest hangover of Brexit three years after the UK left the EU. (Bloomberg) -- The UK and European Union reached a deal on Northern Ireland's trading arrangements, ending more than a year of often acrimonious wrangling over the post-Brexit settlement for the region, people familiar with the matter said. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak's government is beginning its hardest sell: convincing skeptical Northern Irish politicians to back its new post-Brexit deal on trade with the European Union. In a boost for Sunak, Steve Baker, Northern Ireland minister and a Brexit hard-liner who helped scupper former Prime Minister Theresa May's Brexit deal, enthusiastically backed the agreement. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak is meeting on Monday with European Commission President Ursula von der Leyen with a new deal on Northern Ireland's post-Brexit trading arrangements in sight. The agreement created an effective trade border within the United Kingdom, requiring goods traveling from Great Britain to Northern Ireland to face various customs checks as if they were heading for the EU. [Extracted from the article]

(Bloomberg) -- Prime Minister Rishi Sunak is meeting on Monday with European Commission President Ursula von der Leyen with a new deal on Northern Ireland's post-Brexit trading arrangements in sight. N. Ireland Brexit Deal Will Spur UK Growth, Labour's Reeves Says (07:32 a.m.) The opposition Labour Party said a new post-Brexit agreement for Northern Ireland will boost the UK economy and pledged to back the expected deal negotiated by Prime Minister Rishi Sunak. [Extracted from the article]

Rishi Sunak and Ursula von der Leyen will meet in the UK in the early afternoon on Monday for final talks ahead of an expected announcement of a post-Brexit settlement for Northern Ireland. Rishi Sunak Faces Brexit Hell in Showdown With UK Hardliners Finalizing Northern Ireland's post-Brexit trading arrangements has been a hangover from the withdrawal agreement that the UK and the EU agreed in 2019, when Boris Johnson was Britain's prime minister. [Extracted from the article]

Rishi Sunak and Ursula von der Leyen will meet in the UK on Monday in the early afternoon for final talks ahead of an expected announcement of a post-Brexit settlement for Northern Ireland. Finalizing Northern Ireland's post-Brexit trading arrangements has been a hangover from the withdrawal agreement that the UK and the EU agreed in 2019, when Boris Johnson was Britain's prime minister. [Extracted from the article]

The agreement - which follows a meeting on Monday between British Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen - aims to ease trade flows between Britain and Northern Ireland and put to rest the biggest hangover of Brexit three years after Britain left the EU. (Bloomberg) -- The UK and European Union reached a deal on Northern Ireland's trading arrangements, ending more than a year of often acrimonious wrangling over the post-Brexit settlement for the region, people familiar with the matter said. [Extracted from the article]

The proposed solution centers around "green" and "red" customs lanes for goods flowing from Great Britain to Northern Ireland and onwards to the EU respectively. Rishi Sunak and Ursula von der Leyen will meet in the UK on Monday, as expectation builds for an imminent announcement on a post-Brexit settlement for Northern Ireland. [Extracted from the article]

Finalizing Northern Ireland's post-Brexit trading arrangements has been a hangover from the withdrawal agreement that the UK and the EU agreed in 2019, when Boris Johnson was Britain's prime minister. Rishi Sunak and Ursula von der Leyen will meet in the UK on Monday in the early afternoon for final talks ahead of an expected announcement of a post-Brexit settlement for Northern Ireland. [Extracted from the article]

The pair "agreed to continue their work in person towards shared, practical solutions for the range of complex challenges around the Protocol on Ireland and Northern Ireland", the British prime minister and European Commission president said in a joint statement on Sunday. Rishi Sunak and Ursula von der Leyen will meet in the UK on Monday, as expectation builds for an imminent announcement on a post-Brexit settlement for Northern Ireland. [Extracted from the article]

Former Tory premiers David Cameron, Theresa May and Boris Johnson all faced their own Brexit weeks from hell, and the coming week is Sunak's turn, a Conservative MP said. Rishi Sunak's allies have told Conservative rebels that if they don't back his imminent deal on Brexit, there's no prospect of a fix for a cross-channel immigration crisis that's seen as crucial to the party's electoral fortunes. [Extracted from the article]

Sunak is trying to draw a line under a dispute with the EU that has poisoned relations since Britain left the bloc three years ago, amid complaints that the existing Brexit deal hampers trade between the region and Great Britain. (Bloomberg) -- Rishi Sunak is planning talks in the coming days with UK ministers, EU officials and Northern Ireland's Democratic Unionist Party as the prospect grows for an end to the long-running standoff over Brexit, people familiar with the matter said. [Extracted from the article]

Sunak is trying to draw a line under a dispute with the EU that has poisoned relations since Britain left the bloc three years ago, amid complaints that the existing Brexit deal hampers trade between the region and Great Britain. (Bloomberg) -- Rishi Sunak is planning talks in the coming days with UK ministers, EU officials and Northern Ireland's Democratic Unionist Party as the prospect grows for an end to the long-running standoff over Brexit, people familiar with the matter said. [Extracted from the article]

(Bloomberg) -- Boris Johnson refused to commit to backing a deal on Northern Ireland being negotiated with the European Union by Prime Minister Rishi Sunak, his first public comments on the matter. European Commission President Maros Sefcovic, who is leading negotiations for the EU, met Northern Ireland Secretary Chris Heaton-Harris in Brussels on Thursday, for further talks to help the agreement over the line. [Extracted from the article]

(Bloomberg) -- UK Prime Minister Rishi Sunak suggested a coming deal with the European Union over post-Brexit arrangements in Northern Ireland would involve legal changes to the existing treaty, something the bloc has previously opposed. In the House of Commons on Wednesday, Democratic Unionist Party leader Jeffrey Donaldson complained that under the existing "unacceptable" deal - known as the protocol - "EU laws are imposed in Northern Ireland with no democratic scrutiny or consent.". [Extracted from the article]

In the House of Commons on Wednesday, Democratic Unionist Party leader Jeffrey Donaldson complained that under the existing "unacceptable" deal - known as the protocol - "EU laws are imposed in Northern Ireland with no democratic scrutiny or consent." (Bloomberg) -- UK Prime Minister Rishi Sunak suggested a coming deal with the European Union over post-Brexit arrangements in Northern Ireland would involve legal changes to the existing treaty, something the bloc has previously opposed. [Extracted from the article]

(Bloomberg) -- Critics of Rishi Sunak said he had failed to resolve one of the key sticking points in the Brexit negotiations over Northern Ireland, a fresh setback as he tries to convince his own party to back plans to end a long-running dispute with the European Union. The UK and EU are close to an agreement that would ease some of the trade frictions in Northern Ireland created by the post-Brexit settlement, but Sunak wants to get his party on board before finalizing the deal. [Extracted from the article]

(Bloomberg) -- Rishi Sunak began an outreach effort to win support from Conservative rebels for a post-Brexit deal on Northern Ireland after weeks of talks with the European Union. The UK prime minister held one-on-one meetings with Tory members of Parliament on Monday afternoon in which he explained the outline of a prospective agreement with the bloc, people familiar with the conversations said. [Extracted from the article]

(Bloomberg) -- Opponents of Rishi Sunak's planned Brexit deal are ready to join forces against the prime minister's proposals, as he attempts to convince his own party to back plans to end a long-running trade dispute with the European Union. The DUP and pro-Brexit MPs are also worried that EU regulations would continue to apply in Northern Ireland. [Extracted from the article]

(Bloomberg) -- Opponents of Rishi Sunak's planned Brexit deal are ready to join forces against the prime minister's proposals, as he attempts to convince his own party to back plans to end a long-running trade dispute with the European Union. After long negotiations with the EU Sunak hasn't yet shown MPs the final text of any deal, and is instead trying to win around skeptical MPs and prevent the DUP from rejecting his plan outright. [Extracted from the article]

Rishi Sunak Tells Cabinet "Intensive" Brexit Talks Continue With EU (Bloomberg) -- The UK is locked in deep talks with the European Union to resolve a long-running standoff over post-Brexit trade, as Prime Minister Rishi Sunak tries to rein in rebel Conservatives and win Northern Ireland's political parties around to a new deal. The UK and unionists in Northern Ireland argue that the existing Brexit deal hampers trade between the region and Great Britain. [Extracted from the article]

The UK prime minister held one-on-one meetings with Tory members of Parliament on Monday afternoon in which he explained the outline of a prospective agreement with the bloc, people familiar with the conversations said. (Bloomberg) -- Rishi Sunak began an outreach effort to win support from Conservative rebels for a post-Brexit deal on Northern Ireland after weeks of talks with the European Union. [Extracted from the article]

(Bloomberg) -- Rishi Sunak began an outreach effort to win support from Conservative rebels for a post-Brexit deal on Northern Ireland after weeks of talks with the European Union. The UK prime minister held one-on-one meetings with Tory members of Parliament on Monday afternoon in which he explained the outline of a prospective agreement with the bloc, people familiar with the conversations said. [Extracted from the article]

(Bloomberg) -- Rishi Sunak is gearing up for the toughest political test of his premiership as he prepares to unveil a deal with the European Union that risks a stand-off with Northern Ireland unionists and members of his own party. Pro-Brexit Conservative MPs and a senior DUP lawmaker warned against imposing any deal on unionists, while opposition leader Keir Starmer challenged Sunak to push ahead with support from Labour MPs. [Extracted from the article]