With the double whammy of the pandemic and Brexit, expanding your business abroad could look like a risky project while uncertainty in both areas prevails. But branching out into a new market can be exciting, so preparation, preparation and more preparation is key before taking the plunge. It is important […]
Yearly Archives: 2021
73 posts
China has replaced Germany as the biggest single import market for the UK in the first quarter of the year. The UK’s trade with the EU has slipped by nearly a quarter, according to the Office for National Statistics (ONS). Trade with the EU fell by 23 per cent at […]
Countries in Europe sharing the euro currency slipped into a technical recession in the first quarter of the year, as they were hit hard by the global pandemic.
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 […]
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 […]