Topic filter : Negotiation

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.... More worrying – for being less expected – views have been expressed in recent weeks by Carney’s predecessor, Lord King. King has usually sounded more cheerful about leaving the EU but he has been damning about the progress of negotiations. ... [Read full article on Guardian ]
Monday 18th of September 2017 02:26:16 PM
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....UK firms may not be legally able to pay out personal pension or insurance contracts to UK expats and other citizens living in the EU after Brexit, Nicky Morgan, chair of the Treasury select committee, wrote in a letter to the chancellor, Philip Hammond. She asked whether the problem would be discussed during the first phase of Britain’s exit negotiations with the EU. ... [Read full article on Guardian ]
Sunday 17th of September 2017 11:01:53 PM
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....The aviation trade body Airlines for America, whose members include United, American Airlines and FedEx, says the multibillion pound traffic in both directions will be put at risk unless politicians concentrate their minds on the impact Brexit will have on the industry. “The negotiations are moving slowly, we are very concerned about the timing,” said Nick Calio, its chief executive, who was in London on Tuesday to press the case in meetings with aviation minister Martin Callanan and other MPs. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 05:00:37 AM
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....”. The joint venture will be named ThyssenKrupp Tata Steel and is expected to be up and running in late 2018, following further negotiations, due diligence, and subject to approval from relevant authorities and shareholders. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 07:49:04 AM
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. British factory orders grew in September at their weakest rate since April as rising import costs and uncertainty surrounding Brexit negotiations dented business confidence. ... [Read full article on Guardian ]
Friday 22nd of September 2017 05:40:43 PM
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. The City of London’s most senior official has told the government it must move fast with its Brexit negotiations or risk an exodus of jobs and damage to the UK’s financial sector. ... [Read full article on Guardian ]
Thursday 21st of September 2017 11:37:42 AM
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....The OECD said: “In the United Kingdom, GDP growth has continued to slow with an easing of consumption and investment growth. A further slowing is expected in 2018, while uncertainty remains over the outcome of negotiations around Brexit. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 09:00:02 AM
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Latest Finance News related to Negotiation

Transport chaos looms as rail unions widen strikes over driverless trains image
Source : Guardian [Read Article] Saturday 23rd of September 2017 03:00:19 PM
....Nonetheless, there are signs that the most divisive dispute – on Southern, Britain’s busiest commuter franchise – is not intractable. The negotiations with Southern, involving both rail unions, took a new turn last Thursday when Aslef claimed it was close to a deal. ...
Factory orders fall due to rising import costs and Brexit uncertainty image
Source : Guardian [Read Article] Friday 22nd of September 2017 05:40:43 PM
. British factory orders grew in September at their weakest rate since April as rising import costs and uncertainty surrounding Brexit negotiations dented business confidence. ...
UK debt crisis and the onward march of neoliberalism | Letters image
Source : Guardian [Read Article] Thursday 21st of September 2017 06:39:04 PM
.... The trade commissioner, Cecilia Malmström, is on record as saying that she did not take her mandate from the people. So where does she take it from? In the negotiations leading to the TTIP deal, held in strict secrecy behind closed doors, the EU commission met with corporate lobbyists 92% of the time, just 8% with public interest groups. ...
City's top official calls for quick Brexit deal to avoid exodus of jobs image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:37:42 AM
. The City of London’s most senior official has told the government it must move fast with its Brexit negotiations or risk an exodus of jobs and damage to the UK’s financial sector. ...
UK growth will trail Italy, France and Germany next year, says OECD image
Source : Guardian [Read Article] Wednesday 20th of September 2017 09:00:02 AM
....The OECD said: “In the United Kingdom, GDP growth has continued to slow with an easing of consumption and investment growth. A further slowing is expected in 2018, while uncertainty remains over the outcome of negotiations around Brexit. ...
Tata Steel to merge European operations with ThyssenKrupp image
Source : Guardian [Read Article] Wednesday 20th of September 2017 07:49:04 AM
....”. The joint venture will be named ThyssenKrupp Tata Steel and is expected to be up and running in late 2018, following further negotiations, due diligence, and subject to approval from relevant authorities and shareholders. ...
US airlines 'very concerned' over aviation regulations post-Brexit image
Source : Guardian [Read Article] Wednesday 20th of September 2017 05:00:37 AM
....The aviation trade body Airlines for America, whose members include United, American Airlines and FedEx, says the multibillion pound traffic in both directions will be put at risk unless politicians concentrate their minds on the impact Brexit will have on the industry. “The negotiations are moving slowly, we are very concerned about the timing,” said Nick Calio, its chief executive, who was in London on Tuesday to press the case in meetings with aviation minister Martin Callanan and other MPs. ...
Ryanair is 'unnecessarily pissing people off' – again | Nils Pratley image
Source : Guardian [Read Article] Monday 18th of September 2017 02:26:16 PM
.... More worrying – for being less expected – views have been expressed in recent weeks by Carney’s predecessor, Lord King. King has usually sounded more cheerful about leaving the EU but he has been damning about the progress of negotiations. ...
British expats face 'cliff edge' in pensions and insurance after Brexit image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....UK firms may not be legally able to pay out personal pension or insurance contracts to UK expats and other citizens living in the EU after Brexit, Nicky Morgan, chair of the Treasury select committee, wrote in a letter to the chancellor, Philip Hammond. She asked whether the problem would be discussed during the first phase of Britain’s exit negotiations with the EU. ...
The eurozone may be back on its feet. But is Greece? image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....With the ardently pro-European, reform-minded Kaminis believed to be a shoo-in, Tsipras is watching nervously – and, in the process, also shifting ground. Privatisations are central to completion of a new round of bailout negotiations with the EU and International Monetary Fund. ...
Premier Inn owner quits ethical trade body after union row image
Source : Guardian [Read Article] Friday 15th of September 2017 10:49:40 AM
....It said: “Unite had high hopes that Whitbread’s membership of the ETI would open the doors to better working conditions and improved union relations in the notoriously anti-union and exploitative UK hospitality industry as the ETI base code, which is founded on the conventions of the International Labour Organisation, includes the right to freedom of association and to bargain collectively. “But our attempts at meaningful negotiation with the company were ignored. ...
JD Wetherspoon boss: EU leaders should take a 'wise-up pill' on Brexit image
Source : Guardian [Read Article] Friday 15th of September 2017 07:00:46 AM
....“Most plcs are expected to comment, in their results statements, on the UK’s prospects outside of the EU and on the likely impact on their individual companies. It is my view that the main risk from the current Brexit negotiations is not to Wetherspoon, but to our excellent EU suppliers – and to EU economies,” said Martin, who owns 30% of the company. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
.... It is also maintaining its £445bn quantitative easing programme. The MPC said: “During the negotiation period, those economic implications would be influenced significantly by the expectations of households, firms and financial markets. ...
Next softens doom and gloom forecasts despite fall in profits image
Source : Guardian [Read Article] Thursday 14th of September 2017 08:32:17 AM
.... It had previously warned customers that its prices would rise by about 5% in 2017, as the collapse in the value of the pound since the EU referendum made imported goods and services more expensive. But Wolfson said that negotiations with suppliers had brought that figure down to 4%. ...
John Lewis profits halve as chairman warns over Brexit uncertainty image
Source : Guardian [Read Article] Thursday 14th of September 2017 07:20:55 AM
....In an update for the first six months of its financial year, the group, which owns Waitrose supermarkets as well as the John Lewis department store chain, said it expected the tough retail climate to continue throughout this year as UK consumers were less willing to spend money against a backdrop of higher inflation and political uncertainty. As the government prepares for a fourth round of Brexit negotiations with the EU, the John Lewis chairman, Sir Charlie Mayfield, said uncertainty was being throughout the economy and a “serious” parliamentary debate about Brexit was now essential. ...
Brexit is a great British bore. Europe has moved on, and the UK should be worried   | Guntram Wolff image
....These are all live arguments, both within and between the major political parties. But they have one common denominator: these are basically domestic debates about the stance the UK should take in negotiations. ...
House prices: How to get the BEST deal from your estate agents image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 10:10:00 AM
....com, which charge between £300 and £1,000, regardless of property size. However, the cheaper ones expect you to handle much of the work yourself, including viewings and negotiations. ...
Toyota's future investment in UK 'at risk from Brexit uncertainty' image
Source : Guardian [Read Article] Tuesday 12th of September 2017 10:54:12 PM
....”. Umunna, a leading supporter of the Open Britain campaign pushing for continued close ties with Brussels, said: “Toyota employs thousands of people in this country and it is extremely worrying that they are becoming increasingly exasperated with the government’s shambolic attitude to negotiations. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
....The move to put Bell Pottinger into administration does not affect its subsidiaries in Asia and the Middle East. The management of those units, which are legally separate from the scandal-ridden parent company, are in negotiations to be spun off and rebranded. ...
UK cost-of-living crisis grows as dearer imports push inflation to 2.9% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 09:36:14 AM
....The government's preferred measure of inflation, and the one the Bank of England takes into account when setting interest rates, is the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is often used in wage negotiations. ...
London still world's top financial centre despite Brexit, says survey image
Source : Guardian [Read Article] Monday 11th of September 2017 12:52:00 PM
....London’s total score fell by only two points this year. “Interestingly, despite the ongoing Brexit negotiations, London only fell two points, the smallest decline in the top 10,” the report said. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
....The solution lies in bulletproofing the banks by strictly applying the demanding capital standards of Basel III and limiting concentrated holdings of government bonds. The paradox here is that European regulators, including German ones, have in fact been arguing for looser application of those regulations in negotiations with the US. ...
UK prices rising faster than wages as forecasters predict inflation at 2.8% image
Source : Guardian [Read Article] Monday 11th of September 2017 05:01:04 AM
....The government's preferred measure of inflation, and the one the Bank of England takes into account when setting interest rates, is the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is often used in wage negotiations. ...
The Observer view on Tory ineptitude on Brexit negotiations | Observer editorial image
.... The irresponsible behaviour of many Conservatives at this fraught juncture in the country’s affairs is nothing less than a national disgrace. How can May and her senior colleagues hope to negotiate an orderly exit from the EU when, leaking and briefing against each other, they cannot agree on handling even the most basic issues? How dare David Davis, the Brexit minister, repeatedly try to mislead parliament and the public with his patronising, faux-cheery accounts of the Brussels negotiations, claiming falsely that useful progress is being made? Such breathtaking disingenuousness echoes last year’s mendacious Leave campaign. ...
Richard Desmond poised to sell Express and Star to Trinity Mirror image
Source : Guardian [Read Article] Friday 8th of September 2017 07:32:26 AM
....The two companies held talks about a potential deal over two years ago. The negotiations fizzled out, however, over disagreements about price and the pension deficit at Desmond’s paper. ...
Transition deal keeping UK in EEA is worst of all worlds, says David Davis image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:31:43 PM
....He told the Commons: “Without this legislation a smooth and orderly exit is impossible. “We cannot await the completion of negotiations before ensuring this legal certainty and continuity at the point of our exit. ...
The Brexit bill is cataclysmic. Only a swerve will save us | Polly Toynbee image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:00:33 AM
.... The memorandum signed by both sides at the outset clearly spelled out the EU 27’s overriding goal: “European integration has brought peace and prosperity to Europe and allowed for an unprecedented level and scope of cooperation on matters of common interest in a rapidly changing world. Therefore, the Union’s overall objective in these negotiations will be to preserve its interests, those of its citizens, its businesses and its Member States. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
.... Numerous banks from HSBC to Goldman Sachs have suggested they could move staff. “If, as we expect, Brexit negotiations continue to progress slowly, more firms will activate Brexit contingency plans, freeing up office space and sapping demand for new commercial projects,” Tombs said. ...
Theresa May urged to force councils to build more homes image
Source : Guardian [Read Article] Sunday 3rd of September 2017 02:06:15 PM
....Andrew Mitchell, the former development secretary, publicly clashed with Javid over plans for a housing development in his Sutton Coldfield constituency. May signalled on her trip to Japan that she wants to press ahead with domestic reform, as well as complete the Brexit negotiations. ...
The longer Brexit stays up in the air, the higher the risk flights will be grounded image
.... A less plain-spoken verdict, but equally damning in its diplomatic register, emanated from Brussels the same day: Britain’s approach was nostalgic, unrealistic, untrustworthy. The progress of negotiations suggests O’Leary has, sadly, been proved right in his pre-referendum warnings about how detrimental a Leave vote would be, in his sector at least. ...
Government prepares clampdown on fixed-odds betting machines image
Source : Guardian [Read Article] Saturday 2nd of September 2017 08:30:24 PM
.... “There is a long way to go on agreeing the maximum stake,” one source familiar with the process said. “It is still up for negotiation. ...
David Davis takes aim at Trump's isolationist rhetoric in US speech image
Source : Guardian [Read Article] Friday 1st of September 2017 03:14:33 PM
.... It’s an idea that’s been floated around,” he said. Davis called the Brexit negotiation “probably the most complicated negotiation in history and our enemy is time”. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
.... The domestic market, however, was the prime source of contract wins for the manufacturing sector, despite robust demand from mainland Europe, the US, China and Australia. Lee Hopley, chief economist at manufacturers’ organisation EEF, said: “UK manufacturers are looking beyond the Brexit negotiations to strengthening market opportunities in Europe and beyond, with the acceleration in manufacturing activity in August helping to provide some welcome offset to sluggish consumer demand at home. ...
Ryanair chief: May should be doing Brexit deal, not drinking sake image
Source : Guardian [Read Article] Thursday 31st of August 2017 02:30:49 PM
....As airline schedules and flight bookings released almost a year in advance, Ryanair insists it needs legal certainty before autumn 2018 in order to sell flights departing after March 2019, when Brexit takes effect. He also criticised Theresa May on Sky News: “I fail to see what she’s doing in Japan for three days at the moment, why she’s not in Brussels or in Frankfurt or in Paris, which is where these negotiations need to take place. ...
House prices to stay strong as cheap mortgage rates help lending hit nine-year high  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 02:57:00 PM
....However, sellers have been urged to be "realistic" about prices, in order to make a sale. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: "These figures are encouraging because they are reflecting what we have seen on the ground - in other words, even after the uncertainty of the general election result and the beginning of serious Brexit negotiations, buyers and sellers are shrugging off concerns and getting on with moving. ...
Ireland should consider 'Irexit' to avoid Brexit damage, says academic image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:41:31 AM
....“Amnesia can be a terrible thing. It is only prudent to remember that in the bailout negotiations the European Central Bank cut the ground from underneath Ireland when we were at our most vulnerable,” said Kinsella, pointing out that the International Monetary Fund had advocated against the ECB’s harsh stance. ...
Hedge funds: Game of Thrones location spurs rise of business empire image
Source : Guardian [Read Article] Wednesday 30th of August 2017 05:07:31 AM
....As Game of Thrones tourists from Spain, the US, France and the Irish Republic grouped around the beech trees for photographs on a rainswept summer morning, Gray said he had further plans to exploit the popularity of the show. “We are in negotiations with a local helicopter firm to build a helipad out the back in order to fly . ...
No 10 insists early talks on post-Brexit trade deal are possible image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:42:44 AM
. Downing Street has said the government will not back away from its demand to kick off negotiations on a post-Brexit trade deal as soon as possible – even though the European commission president, Jean-Claude Juncker, flatly dismissed the idea on Tuesday. ...
Labour has to be bolder on Brexit: our economy depends on it | Seb Dance image
Source : Guardian [Read Article] Tuesday 29th of August 2017 09:00:05 AM
.... That Jeremy Corbyn has been criticised for it by Nigel Farage – a man who has never genuinely stood up for Britain’s best interests – should be worn as a badge of pride by all in the Labour movement, and convince any waverers that we’re on the right path. This Tory government is making a mess of the Brexit negotiations – and putting the future of our country at risk. ...
Lack of skilled EU workers 'could choke UK growth post-Brexit' image
Source : Guardian [Read Article] Monday 28th of August 2017 11:01:46 PM
....With a majority relying on EU staff due to a lack of skilled UK applicants, manufacturers warned that uncertainty over recruitment would choke off growth and damage the British economy. The reciprocal rights of EU and UK workers is one of the core questions in the Brexit negotiations, with the prime minister having confirmed that freedom of movement must be limited, despite business fears and cabinet objections. ...
British and German firms unite to call for business-friendly Brexit talks image
. British and German businesses are calling on EU negotiators to focus on the countries’ shared economic interests as the third round of Brexit negotiations starts in Brussels. ...
UK TV industry risks losing £1bn a year to Amazon, YouTube and Facebook image
....“It is about the balance of power,” says Goodwin. “At first there may not be much of a charge [to appear on an aggregator platform], commercial negotiations are easy as the digital players want to grow their businesses. ...
The EU is not the enemy of the state. Time to think again on Brexit image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
....Certainly, what he put his name to in that article was not good news for those of us who firmly believe it is not too late to arrest the progress of Brexit in its tracks. But then the shenanigans in the present cabinet’s approach to Brexit negotiations call to mind Alice in Wonderland telling the Hatter: “Sometimes I’ve believed in as many as six impossible things before breakfast. ...
Japan to seek Brexit reassurances from Theresa May image
Source : Guardian [Read Article] Saturday 26th of August 2017 08:00:45 PM
....The prime minister will arrive on Wednesday on a three-day trip that is expected to include a meeting with Emperor Akihito and free-trade talks with her Japanese counterpart, Shinzo Abe. Under EU rules, official free-trade negotiations cannot begin until after Britain has left the trading bloc. ...
Trump's trade policy on China won't win its help on North Korea | Jeffrey Frankel image
.... Justifications of that approach typically focus on Trump’s business background, which supposedly makes him the dealmaker the US needs. In fact, Trump’s behaviour reflects a lack of regard for some of the most elementary requirements for successful negotiation. ...
Brexit economy: outlook positive but rocky negotiations could bring instability image
....The Guardian’s monthly tracker of economic news shows inflation coming close to its peak and the lowest levels of unemployment since the mid-1970s. However, the ever-present threat that rocky negotiations could knock business confidence, derailing the economy, remains. ...
Airports call for urgent post-Brexit deal on UK-EU flights image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 05:07:10 PM
....”. It added: “The closer we get to the article 50 deadline for the completion of withdrawal negotiations (end of March 2019), without the security of guaranteed future access to the single aviation market, the greater the negative economic consequences will be. ...
Brexit: UK hopes of autumn trade talks 'will be dashed', says Slovenian PM image
. The British government’s hopes of opening discussions on a future trade relationship this autumn will definitely be dashed by the European Union due to the slow progress of Brexit negotiations, one of 27 prime ministers who will make the decision has said. ...
House prices: Northants leads Midlands 'mini-boom', says Rightmove image
Source : Guardian [Read Article] Monday 21st of August 2017 05:01:02 AM
....Fionnuala Earley, Countrywide’s chief economist, said rising prices and interest rate increases would sap household spending power in the first half of next year, but after a rocky start growth would resume as wages start to rise, pushing prices up by 2% in 2018. However, she said: “The housing market is sensitive to confidence, which will be affected by the outcome of Brexit negotiations. ...
Leaving EU without deal would be no disaster, says thinktank image
Source : Guardian [Read Article] Thursday 17th of August 2017 11:01:07 PM
....”. Ministers have begun privately admitting that negotiations over the future trade relationship with the EU may not begin until the end of the year, cutting the time for talks to as little as 10 months. ...
UK to seek Irish border waivers on customs and food safety after Brexit image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:27:16 PM
....The government aims to avoid the need for border posts with Ireland when the UK leaves the EU, an ambitious goal seen as essential to preserving the Good Friday peace agreement. “The UK and Ireland have been clear all along that we need to prioritise protecting the Belfast agreement in these negotiations, and ensure the land border is as seamless as possible for people and businesses,” said David Davis, the UK’s Brexit secretary. ...
Pound falls against dollar as inflation comes in lower than expected image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:10:12 PM
....The government's preferred measure of inflation, and the one the Bank of England takes into account when setting interest rates, is the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is often used in wage negotiations. ...
Holidaymakers urged to buy euros as pound set for PARITY against single currency image
Source : Daily Express [Read Article] Tuesday 15th of August 2017 03:25:00 PM
....At the same time, the European Central Bank (ECB) is expected to start reducing its money-printing programme, which is helping to strengthen the euro. Alexandra Russell-Oliver, currency markets analyst at Caxton, said: "Sterling’s vulnerability during Brexit negotiations and euro strength on tapering speculation could see the sterling-euro rate fall further, at least testing 2010 lows and bringing into sharper focus the possibility of parity. ...
UK will 'mirror' much of EU customs system for Brexit, plans reveal image
Source : Guardian [Read Article] Tuesday 15th of August 2017 11:31:05 AM
....The second, and more ambitious, of two options outlined in Tuesday’s paper was called a “new customs partnership” and “would involve the UK mirroring the EU’s requirements for imports from the rest of the world where their final destination is the EU”. Officials hope this would remove the need for all customs checks with the EU because UK exports would also be exempt from tariffs under the planned free trade agreement – though all such promises are subject to extensive negotiation with other member states. ...
UK may have to pay EU in temporary customs union, Davis suggests image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:19 AM
....”. Asked the same question about the cost of the temporary deal on BBC Radio 4’s Today programme, Davis said: “I’m not going to do the negotiation on air. ...
Rail users face steepest fare rise in five years as inflation hits 3.6% image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:02 AM
....The government's preferred measure of inflation, and the one the Bank of England takes into account when setting interest rates, is the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is often used in wage negotiations. ...
We helped save Europe: now Europe could save us from Brexit image
Source : Guardian [Read Article] Sunday 13th of August 2017 06:00:06 AM
....This forceful reflection on the state of the nation comes from Sir Brian Unwin, former president of the European Investment Bank, one of the many EU institutions from whose work the British economy has benefited through our membership. Sir Brian was involved in the occasional negotiation with Brussels, not least on behalf of Mrs Thatcher during the EEC budget-rebate squabble during the early 1980s. ...
A tale of two housing markets: booming Burnley and stagnant Kensington image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....”. Looking ahead, he expects the Brexit process to continue to weigh on the housing market: “I think it’s going to be very lumpy over the next 18 months during these negotiations. ...
Noisy vacuum cleaners will bite the dust under new EU rules image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... In a survey, it found that the vacuum cleaner was the second most annoying appliance noise in the home, with the washing machine the most irritating. What will happen post-Brexit? “Any future trade negotiations between the EU and UK could potentially cover energy efficiency rules amongst other regulatory aspects, but that cannot be predicted,” the European commission says in statement. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
....Theresa May, Philip Hammond, Boris Johnson, Chris Grayling, Liam Fox and Michael Gove have given contradictory statements about Conservative plans for trade, customs, tariffs, immigration, air control, a transition period and countless other facets of Britain’s divorce. “The UK economic outlook looks bleak, with stretched household balance sheets, Brexit negotiation uncertainty potentially weighing on business investment, and net exports growth staying subdued despite a weak pound,” Morgan Stanley analysts said. ...
UK trade deficit widens as fall in sterling fails to improve export sales image
Source : Guardian [Read Article] Thursday 10th of August 2017 03:13:41 PM
....Suren Thiru, the head of economics at the British Chambers of Commerce, said the trade figures were disappointing and businesses needed more support from the government. He said: “As the Brexit negotiations unfold, safeguarding the favourable terms of trade that UK firms currently enjoy with partners and markets in Europe and beyond must be a key priority. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... It evidently took more time than expected for the implications to sink in – to understand that “Brexit means Brexit,” as May’s pithy tautology put it. It took time to realise that there would be no smooth break with the EU and that negotiations would not be wrapped up in two years. ...
US firm Vantiv to buy British rival Worldpay for £9.3bn image
Source : Guardian [Read Article] Wednesday 9th of August 2017 01:55:20 PM
.... The capital will become the international headquarters of the new group. Kalifa said negotiations took time because of the scale and complexity of the deal. ...
Ed Sheeran’s Divide puts Warner Music’s streaming income on track to cross £1bn image
.... Digital revenues across the business grew 30% to $496m, accounting for more than half of the record company’s total income in the quarter. In May, Warner Music renewed its licensing contract with YouTube in tough talks Cooper referred to in an internal memo at the time as not being a “free market” negotiation. ...
Murdoch’s Sky takeover bid delayed as Ofcom is asked for further input image
....The Murdochs have already expressed concerns about delays to the regulatory process and tried to speed it up by not submitting an improved offer to allay the concerns of the government. An improved offer would have required further behind-the-scenes negotiation. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Annabel Fiddes, an IHS Markit economist, said households were having to cope with rising living costs against a backdrop of slowing earnings growth, highlighting recent government data showing total real pay falling at the quickest pace for nearly three years. “Alongside the renewed squeeze on household budgets, uncertainties linger over the direction of the economy and the outcome of the ongoing Brexit negotiations, which is weighing down consumer confidence,” said Fiddes. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....The bad news is that Trump is sticking to his “buy American, hire American” credo, and his protectionist gestures will hurt growth more than they save jobs. He has already abandoned the Trans-Pacific Partnership and negotiations for the Transatlantic Trade and Investment Partnership with the European Union. ...
Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
....The report also lists a range of risks that could harm the business. Ashley is defending the business from cyber-attacks with “external penetration testing” and on Brexit he has begun “negotiations with lenders” and is monitoring “movements in customer behaviour”. ...
Brexit is putting firms off giving pay rises, says Bank of England image
Source : Guardian [Read Article] Thursday 3rd of August 2017 11:13:47 AM
....The government's preferred measure of inflation, and the one the Bank of England takes into account when setting interest rates, is the Consumer Prices Index (CPI). The Retail Prices Index (RPI) is often used in wage negotiations. ...
Ireland's departing UK ambassador shares 'sadness' over Brexit image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 06:00:39 AM
....Mulhall said the ideal solution was for the UK to remain in the customs union, obviating the need for customs checks. He believes Britain is only now realising the complexity of unravelling 44 years of public policy, and that both sides now face the “grind … [of] trying to bring these negotiations across the line in the next year and a half in a way that will avoid doing serious damage to Ireland, to British-Irish relations, and to the UK”. ...
Qatar makes legal complaint to WTO over Gulf trade boycott image
Source : Guardian [Read Article] Monday 31st of July 2017 05:33:52 PM
....“The consultation request is to discuss and clarify the legality of these measures and find a way to bring them into conformity with their commitments,” Thani said. “We have always called for dialogue, for negotiations, and this is part of our strategy to talk to the members concerned and to gain more information on these measures, the legality of these measures, and to find a solution to resolve the dispute. ...
No 10 contradicts Hammond over 'off the shelf' Brexit transition deal image
.... We are not looking for an off-the-shelf model. Precisely what the implementation model will look like is up for negotiation. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
.... He also warned on the impact of Brexit on Europe’s financial markets. As the bank admitted for the first time that reorganising its business for Brexit will cost up to $300m (£228m), Flint said: “The essential questions that have to be addressed are whether, at the conclusion of the negotiations, the economies of Europe will continue to have access to at least the same amount of financing capacity and related risk management services, and as readily available and similarly priced, as they have enjoyed with the UK as part of the EU. ...
Serco’s boss suffers through his wilderness years image
Source : Guardian [Read Article] Sunday 30th of July 2017 05:59:11 AM
....Soames, of course, runs the embattled outsourcing giant Serco – which many think would not now exist had he not come to save it during many, many long months of struggle and of suffering. “Some of the best civil servants are moving to work on Brexit negotiations,” Remainer Soames told the Evening Standard last year, as he outlined why Brexit might inspire a boom in supplying the UK government with its services. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
....Amazon’s fierce opposition to unions shows that Bezos is unwilling to grant his workers any democratic input into the company they give much of their lives to. The way to ensure that workers aren’t exploited or mistreated is to make sure they are well represented in their negotiations with management. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
.... It is also making changes to cope with Brexit and is expanding in Dublin. Staley said businesses in the UK would need to start their Brexit contingency planning and said the government was reaching out to the business community as negotiations begin. ...

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