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€200m post-Brexit funding shortfall piles misery on UK creative sector
Rocket Entertainment Group CEO and filmmaker David Furnish has warned that lost opportunities and increased red tape are threatening the future of creative industries as new analysis suggests that the UK arts and film industries may have missed out on nearly €200m in EU funding.
Costs for UK construction outstrips EU while exports fall
Official figures show that since 2015 the cost of construction materials in the UK increased by around 60% compared to 35% in the EU. Over the same period the cost of construction workers in the UK increased by around a third between while Denmark and the Netherlands saw less than half the UK increase.
Industry voices called to give evidence in first economy-wide consultation of post-Brexit trading arrangements
In a UK first, an economy-wide consultation has been launched to gather evidence on the biggest issues facing all industries in the post-Brexit landscape and as the UK Government negotiates new trade agreements.
BCC Report: Government must remove barriers of 'unworkable' Brexit deal
Responding to the new British Chambers of Commerce report, Hilary Benn MP co-convenor of the UK Trade and Business Commission, said:
UK needs immigration pragmatism as new research shows Brexit premium on food
Responding to new LSE research which suggests that Brexit has added £210 to the average annual food bill since 2020, Hilary Benn MP, Co-Convenor of the UK Trade and Business Commission, said:
UK Government’s rush to scrap EU law branded ‘crazy’
Legal experts and industry representatives have said that the Government’s EU Retained Law Bill will leave businesses, consumers and civil servants scrambling to understand and deal with the impact of the mass scrapping of legislation, putting worker, health and environmental protections at risk.
New aluminium tariffs will hit industry and turn UK into China’s clearing house
Responding to warnings from the UK aluminium sector that the Trade Remedies Authority’s (TRA) proposed anti-dumping tariffs are too low and could force British manufacturers to close shop, industrial and chemical sector expert and UK Trade and Business Commissioner Dr Geoff Mackey said,
NI Election would deliver neither stability or support for businesses
Welcoming an announcement from the Northern Ireland Secretary that he will not call another Assembly election this year, Hilary Benn MP, Co-convener of the cross-party UK Trade and Business Commission said,
Government ‘turmoil’ threatens great British boozer
Industry leaders and representatives of small businesses have said that the future of British pubs and other SMEs has been left on a knife's edge by turmoil from the UK Government, and they are now facing a situation that is ‘worse than Covid’.
NZ trade agreement to be formally laid tomorrow
Responding to news that the UK’s trade deal with New Zealand will be formally laid in Parliament on 27th October, MP for Brighton Pavilion and UK Trade and Business Commissioner Caroline Lucas said,
Inflation rise: PM's free-market experiment leaves millions facing hardship
Responding to new ONS statistics today showing inflation rising to 10.1%, matching a 40-year high and driven by grocery inflation, MP for Leeds Central and Co-Convenor of the UK Trade and Business Commission Hilary Benn said,
ESRI Report: UK falling behind EU in post-pandemic trade recovery
Responding to an ESRI report published today, citing that UK-EU exports are down 16% and imports to the UK from the EU are down 20% compared to anticipated levels of trade growth for EU members since the start of 2021, Virgin Group chair and Co-Convenor of the UK Trade and Business Commission Peter Norris said,
Glastonbury: Brexit barriers adding costs to Britain's flagship festival
Responding to a new CBI survey which suggests that around three quarters of business have been impacted by labour shortages, Layla Moran, MP for Oxford West and Abingdon and member of the UK Trade and Business Commission, said,
CBI survey shows labour shortages hitting growth
Responding to a new CBI survey which suggests that around three quarters of business have been impacted by labour shortages, Layla Moran, MP for Oxford West and Abingdon and member of the UK Trade and Business Commission, said,
Outrage as government downgrades climate commitments in trade talks
Responding to the news that Britain is set to replace the General Data Protection Regulation (GDPR) with its own ‘bespoke’ system, Alison Williams, member of the UK Trade and Business Commission and Global Head of Data at DunnHumby, said:
Replacing GDPR will “double administrative headache” for businesses
Responding to the news that Britain is set to replace the General Data Protection Regulation (GDPR) with its own ‘bespoke’ system, Alison Williams, member of the UK Trade and Business Commission and Global Head of Data at DunnHumby, said:
UK risks empty shelves as manufacturing hit by economic mismanagement
Responding to the market chaos unleashed by the Chancellor’s announcement of the mini-budget, Founder-CEO of Fashion Roundtable and member of the UK Trade and Business Commission Tamara Cincik said:
Mini-budget creates new headaches for businesses
Responding to the market chaos unleashed by the Chancellor’s announcement of the mini-budget, Founder-CEO of Fashion Roundtable and member of the UK Trade and Business Commission Tamara Cincik said:
Brexit Freedoms Bill: Government aims to scrap rights and standards en masse
US Congressman and member of the influential Ways and Means Committee Brendan Boyle (Dem) has today slammed Liz Truss’ Northern Ireland Protocol Bill, claiming it would be a violation of international law opposed by the White house and both parties of Congress.
Truss’ NI Protocol Bill has put US trade deal on ice
US Congressman and member of the influential Ways and Means Committee Brendan Boyle (Dem) has today slammed Liz Truss’ Northern Ireland Protocol Bill, claiming it would be a violation of international law opposed by the White house and both parties of Congress.