Sunak: Post-Brexit Trade Flows are “Relatively Similar to Where One Might Expect”
mdi-timer 28 February 2021 @ 10:31 28 Feb 2021 @ 10:31 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Pound Back to February 2016 Levels Against Dollar

Despite five years of uncertainty and fearmongering and one global pandemic, the post-Brexit Great British Pound has returned to the levels it was trading at in February 2016, months before the EU referendum. Far from Brexit crashing the pound, the certainty of a new place in the world, plus no doubt the success of non-EU vaccination, has sent it rallying. Another Remain myth busted.

mdi-timer 15 February 2021 @ 14:42 15 Feb 2021 @ 14:42 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
French Vax Boss Explains; Later Orders Get Later Delivery

This morning it was revealed that the UK has exercised its option to purchase a further 40 million doses of a promising new vaccine from Valneva SE, a French vaccine developer with its product still in stage 1/2 trials. While the vaccine would not be available until next year it could prove vital in defending against new strains as the UK deploys what will likely be an annual vaccination effort similar to the massive flu jabs programme. The UK had already ordered 60 million doses, bringing the total to 100 million…

Valneva SE CFO David Lawrence told the Today Programme that whilst the UK has been in discussions and had signed deals since the summer of 2020, the EU is yet to sign even a letter of intent with the firm, which is headquartered in Paris.

“We signed our first letter of intent with the UK Government last July, and then we signed the supply partnership and clinical development partnership with them in September, but as of yet we haven’t signed anything with the EU.”

Crucially, Lawrence went on to say that if the EU wants to get doses at the same time as the UK, they should order at the same time.

“Yes they should. Of course it comes down to slots. In turn we have got suppliers and this is why it’s important for example that the UK has exercised its option now, so we have got to book slots with suppliers who are giving us key components for the vaccine. The same will be true of other vaccines, the supply process isn’t something that you can just switch on and switch off over a couple of weeks.”

Extraordinary then that the EU expect to get vaccines at the same time as the UK when on the contracts the lumbering Commission has been slower than nimble Brexit Britain…

 

mdi-timer 1 February 2021 @ 10:42 1 Feb 2021 @ 10:42 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
London’s Venture Capital Scene for Tech Firms Booms Despite Brexit

Despite leaving the EU last January, UK tech firms scored a record-breaking £11.2 billion in venture capital funding in 2020. Raising more cash from investors than the rest of Europe combined…

According to Dealroomnew investment funded the creation of seven ‘unicorn’ companies – firms worth over one billion dollars. This is more than any European country, and more than Germany and France put together. Digital Secretary Oliver Dowden said: “The thousands of high-skilled jobs they are creating will be a crucial part of our economic recovery and the government is committed to supporting the tech sector through an unashamedly pro-tech approach.”  Despite dire predictions, neither the pandemic nor Brexit scare stories are halting the UK’s tech prowess…

mdi-timer 18 January 2021 @ 12:30 18 Jan 2021 @ 12:30 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Ports Problem Free

As co-conspirator Deirdre Walsh tweeted this morning “Sky News lamenting the fact that the Port of Dover is running smoothly and there are no queues of Lorries, they are so disappointed, it’s actually really cringe worthy they are so forlorn.” Initial reports from Dover and Calais show trucks and zero tariff trade flowing smoothly. Could it be that people involved in the multi-billion export – import trade can manage to arrange to ping an electronic customs form to customs with a bill of goods for what they are transporting? Maybe people aren’t as stupid as remainers thought?

Grant Shapps tweets this morning the good news that the EU will accept UK driver’s licences as valid without the need for any additional permits. The first bit of remainer scaremongering to be disproved in 2021…

UPDATE:  This is the scene just in from the border control point at Dover this morning:

mdi-timer 1 January 2021 @ 08:55 1 Jan 2021 @ 08:55 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
French Rush to Buy London Homes Despite Brexit

A fascinating report in Forbes Magazine this week has revealed that during the first nine months of this year, the French were the largest foreign buyers of prime central London real estate. Tom Bill, head of U.K. residential research at Knight Frank, told Forbes thatDespite the background noise of Brexit, there is smart money in Europe targeting London”. After the French in the order of largest foreign buyers comes Hong Kongers in second and Americans in third. China, once a leader in the field, has been relegated to fourth place.

While during the referendum PwC predicted that by 2020 London would lose 100,000 finance jobs, a report from EY this month found just 7,500 jobs in financial services have been relocated to Europe. And more have been created in London…

mdi-timer 22 October 2020 @ 15:22 22 Oct 2020 @ 15:22 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
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