Despite the difficulties and tensions created by Brexit, the latest official figures show that UK trade with the EU has bounced back following the impact of the end of the transition period on COVID-19. According to the latest data from the Office for National Statistics (ONS), exports to the EU […]
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New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.
Prime Minister Boris Johnson has announced new trade and investment deals with India worth £1bn, in a move that aims to secure a future full trade agreement between the two countries. It includes more than £533m of new investment from India into the UK, which is expected to create about […]
Europe’s biggest bank, HSBC, has reported stronger than expected profits and says the economic outlook is looking brighter. The bank reported income of $5.8 billion (£4.2 billion) for the January-to-March period, up from $3.2bn a year earlier. More than half of its profits came from Asia, the region where the […]
The impact of the Government’s new freeports policy has been questioned by a Parliamentary committee. As the UK prepares to roll out its freeports policy to “turbo-charge” post-Brexit trade, a report released this week by the International Trade Committee questions the real impact of the special trade zones on British […]
As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900bn being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up […]
Applications are now open for the Government’s SME Brexit Support Fund, which offers grants for up to £2,000 that can be put towards the cost of professional advice on issues such as import VAT. The end of the Brexit transition period has changed the way businesses must account for VAT […]
Serbia and the UK have signed a new Partnership, Trade and Cooperation Agreement that will ensure £682 million of trade can continue and develop in the years ahead. The new agreement with Serbia secures continued preferential trade access between the UK and Serbia. These preferential trading terms enable British business […]
The news that confidence among Britain’s biggest businesses has hit a record high, has been followed up with good news on UK trade with the EU. According to new figures published as parts of the economy reopen from lockdown, optimism is at its highest level for 13 years. A quarterly […]
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online.