Brexit Deal

The UK has agreed to join an Asia-Pacific trade pact that includes Japan, Mexico and Australia the biggest new trade deal Britain has struck since leaving the European Union three years ago. The British government said Friday that it had clinched an agreement after almost two years of negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or CPTPP. The government said membership would reduce tariffs on British dairy products and other goods and remove red tape for services, boosting the UK economy by 1.8 billion pounds "in the long run". Prime Minister Rishi Sunak said the deal "demonstrates the real economic benefits of our post-Brexit freedoms". "Joining the CPTPP trade bloc puts the U.K. at the centre of a dynamic and growing group of Pacific economies, as the first new nation and first European country to join," Sunak said. The deal comes as the UK pursues an "Indo-Pacific tilt" in its economic and foreign policy in response to the ...

UK Prime Minister Rishi Sunak traveled to Belfast on Tuesday to sell his landmark agreement with the European Union to its toughest audience: Unionist politicians who fear post-Brexit trade rules are weakening Northern Ireland's place in the United Kingdom. The UK and the 27-nation EU announced Monday that they had struck a deal to resolve a dispute over Northern Ireland trade that has vexed relations since the UK left the bloc in 2020. The agreement will ease customs checks and other hurdles for goods moving to Northern Ireland from the rest of the U.K. that were imposed after Brexit to maintain an open border between the north and its EU neighbour, the Republic of Ireland. The deal, dubbed the Windsor Framework, was hailed by London and Brussels as a breakthrough. But Northern Ireland's British unionist politicians have yet to give it their blessing. Their support is key to restoring Northern Ireland's semi-autonomous government, which has been toppled by the trade feud, leaving 1

The agreement - dubbed the 'Windsor Framework' - was struck over the Northern Ireland Protocol, aiming to ease the trading issues created by the Protocol

British Prime Minister Rishi Sunak on Monday unveiled a decisive breakthrough in achieving a new deal with the European Union (EU) to resolve the post-Brexit trade dispute related to Northern Ireland. After weeks of intensive negotiations, Sunak was joined by European Commission President Ursula von der Leyen for a final set of in-person talks in Windsor, south east England, after which the duo addressed the media to confirm a new Windsor Framework. It replaces the previous Northern Ireland Protocol, agreed by Sunak's former boss Boris Johnson to prevent a hard border between UK territory Northern Ireland and EU member-state Ireland but eventually proving unworkable and causing much tension between the UK and EU. I'm pleased to report that we have now made a decisive breakthrough. Together we have changed the original protocol and are today announcing the new Windsor framework, Sunak told reporters. Today's agreement delivers smooth-flowing trade within the whole United Kingdom, ..

British Prime Minister Rishi Sunak on Sunday pledged to give everything he has got to fix the lingering problems of Brexit and clinch a new deal with the European Union (EU) that resolves the problematic Northern Ireland Protocol. The protocol, agreed by his former boss Boris Johnson, was struck to prevent a hard border between UK territory Northern Ireland and EU member-state Ireland. However, in practice, it has proved controversial and created a standoff between the UK and EU over a resolution until now, when hopes of a new deal have been revived after intensive talks. I voted for Brexit and I believe in Brexit because it offers vast opportunities for families and businesses across our whole country, writes Sunak in The Daily Telegraph'. He notes that while Brexit was about restoring the UK's sovereignty, the Northern Ireland Protocol had undermined that and created "serious barriers to trade within the United Kingdom, and that is unacceptable". "My job is to seize this ...

Sunak oversaw a diplomatic flurry in recent days, holding meetings with parties in Northern Ireland and with European Commission President Ursula von der Leyen to lay the groundwork

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London's status as Europe's leading finance centre. Treasury chief Jeremy Hunt said Friday that the changes, which follow Britain's departure from the European Union in 2020, will make the UK one of the most open, dynamic and competitive financial services hubs in the world. The package of more than 30 changes includes lifting a cap on bankers' bonuses and easing capital requirements for smaller lenders. The government also said it will review regulations that hold bankers accountable for their decisions and will relax ringfencing rules intended to separate risky investment banking from retail operations. Hunt said the government was using Brexit freedoms to make Britain more competitive. But many economists point out that the U.K.'s departure from the EU has erected barriers to trade and led some firms to shift offices and jobs to other European cities. Last

Britain and Ireland hailed a new spirit of compromise on Friday in a grinding feud over post-Brexit trade rules, expressing hope of making enough progress in the next three weeks to avoid a destabilising new election in Northern Ireland. It comes as new British Prime Minister Liz Truss seeks to improve relations with the UK's neighbours after the country's long, acrimonious divorce from the European Union. UK Northern Ireland Secretary Chris Heaton-Harris said Britain and the EU were negotiating in good faith and good humour a marked contrast from the bitter tone that has marred relations since the UK voted for Brexit in 2016. Speaking to reporters in London after a meeting of the British-Irish Intergovernmental Conference, he said he was very positive about the chances of getting a negotiated solution. Irish Foreign Minister Simon Coveney said political leadership is about making things happen and sometimes surprising people, and I think that's what we need to do over the next fe

Germany and Ireland have condemned the UK government's move towards unilaterally rewriting parts of the post-Brexit deal with the European Union

Boris Johnson is reportedly set to announce a return to imperial measurements of pounds and ounces as a post-Brexit move away from the metric system to mark the Queen's Platinum Jubilee next week.

The great Brexit brawl is heading into its next standoff on Wednesday when European Union concessions to improve trade in Northern Ireland look likely to be deemed insufficient by the United Kingdom

Tense post-Brexit relations between Britain and the European Union face further strain on Wednesday, when the UK calls for major changes to trade rules agreed on by both sides.

India posted the highest growth of 25 percentage points in terms of shares of clicks for jobs in the UK

The UK is liable to an amount of 47.5 billion euros ($56.4 billion) to the European Union and the calculation is final, a European Commission spokesperson said here on Friday

The accounting seems likely to trigger new discussions with the UK, which estimated in 2018 that the total bill would amount to 41.4 billion euros

A senior European Union official expressed frustration Wednesday after talks with the UK broke up without resolving differences

Some businesses have struggled with new customs declarations and health certificates as the coronavirus pandemic also hits firms

Irish traders are shipping goods directly to and from European ports, shunning the once-speedier route through Britain.

Trucks with slogans such as "Brexit carnage" and "incompetent government destroying shellfish industry" parked metres from Johnson's 10 Downing Street office in central London

Fresh hopes on the economic, health and political front temper the grim legacy of 2020