Brexit border checks on food delayed for fifth time August 29, 2023 The implementation of post-Brexit border checks on food products coming from the EU has been delayed for a fifth time.
Kemi Badenoch to meet with Tata Group boss while on G20 India visit August 24, 2023 Trade secretary Kemi Badenoch will meet with Indian ministers and business leaders – including Tata Group boss Natarajan Chandrasekaran – during her visit for the G20. It comes amid the UK’s 12th round of negotiations to secure a UK-India trade deal with British negotiators gearing up for “ambitious” and “complex” discussions, sources say. Landing in [...]
UK downplays reports of ‘imminent’ India trade deal ahead of G20 summit August 22, 2023 The UK has downplayed reports that a trade deal with India is “imminent” ahead of the G20 summit in Delhi next month. Some reports in the Indian press suggested that a deal could be agreed as early as September. Prime ministers Rishi Sunak and Narendra Modi are expected to meet at the G20 conference, with [...]
UK spent over £46m on Australia and New Zealand trade deals August 20, 2023 The UK government spent more than £46m on negotiating just two trade deals last year, it has been revealed. Ministers shelled out £46.2m during 2022-23 securing and implementing new trade deals with Australia and New Zealand, according to a recent parliamentary written question. Concerns have been raised over the expected benefit from the Australian and [...]
Fifth of UK importers altered supply chains due to global tensions, with China in focus August 8, 2023 More than a fifth of UK importers have been forced to alter supply chains as a result of geopolitical tensions, with China in sharp focus, a new survey has found. Some 20.5 per cent of companies, which are importers, have altered supply chains as a result of global tensions, according to a survey of more [...]
Some civil servants work from home 60 per cent of the week, new data shows July 20, 2023 Civil servants working on supporting the UK’s businesses were at their desks for just 40 per cent of the second week in July, government figures have revealed. Staff at the former Business, Energy and Industrial Strategy (BEIS) department came into the office for two fifths of the time during the week beginning Monday 10 July, [...]
UK firms looking to India for growth despite trade deal delays July 20, 2023 A host of UK firms are looking to expand their operations in India despite delays to the UK-India trade deal. India is now considered a core international growth market for UK mid-market firms, according to a survey of a survey of just over 600 medium-sized UK firms by accountancy firm Grant Thornton. Just over 70 [...]
UK set to open trade negotiations with Turkey July 18, 2023 The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, the government has announced. Negotiations on an updated free trade agreement are expected to begin in 2024 after the two countries agreed there was scope to improve the existing deal. Britain’s trade with Turkey [...]
Business groups hail Indo-Pacific trade deal as boost for City despite minor growth bump July 16, 2023 Business groups have hailed the UK’s membership of a major Indo-Pacific trade bloc as a potential boost to the City today despite analysis showing a meagre growth bump from the deal over the long term.
Digitisation of trade docs would save firms £1.1bn and put UK ‘ahead of G7 and most the world’ July 11, 2023 Businesses are expected to save £1.1 billion over 10 years through a proposed change in the law that will allow for greater digitalisation of documents used in international trade, a minister has said. Minister for tech and the digital economy Paul Scully said the change would put the UK at the “forefront of international trade [...]