Britain is set to witness economic growth this 2021, but according to forecasts compiled by the Treasury, the said growth's effects won't take effect just yet. Private-sector economists expect the UK GDP to increase by at least 5.4% in 2021. If Britain hits the projected number, that will make it the most significant leap forward for the economy in modern history. The … [Read more...] about UK Economy is Projected to Grow in 2021, But Effect Won’t be Felt Immediately
Economy
Breakdown of the New Deal Between UK and EU
On December 24, 2020, after intensive negotiations, the EU Commission had finally reached a preliminary agreement with the UK on its future cooperation with the European Union. The negotiations lasted for nine months, and the result is a trade and cooperation agreement with 1,246 pages. The preliminary deal consists of three parts: A Free Trade Agreement The agreement of … [Read more...] about Breakdown of the New Deal Between UK and EU
Brexit Pushes Eurotunnel Freight Traffic Up by 8% Amid Pandemic
Eurotunnel, along with other UK companies, sees a surge in cross-channel freight traffic due to stockpiling as the Brexit transition period ends in December, its latest figures revealed. According to the chief Brexit officer of the logistics group ATS, Loic Chavaroche, the French side has been having up to seven or eight hours of delays in the freight routes marking "the … [Read more...] about Brexit Pushes Eurotunnel Freight Traffic Up by 8% Amid Pandemic
The Brexit Deal Different Sides: How the EU and the UK Came to a Conclusion
The United Kingdom has already reached an exit agreement with the European Union. The settlement, also known as Brexit, may help those on the English Channel, but it will certainly hurt the union as its second-largest economy leaves the pack. But not everything will run smoothly for the UK from now on, as they face a long and difficult road. Neither side got the deal they … [Read more...] about The Brexit Deal Different Sides: How the EU and the UK Came to a Conclusion
Ministers Rush £100m Post-Brexit Fishing Package After Prime Minister’s ‘Betrayal’
British ministers are finalizing the plans for the £100 million post-Brexit fishing package scheme promised by Prime Minister Boris Johnson to help revive the fishing fleet affected by the UK's compromise on fishing rights under the recently concluded EU-UK trade deal. Under this plan, British crews will receive financial support to expand their fleet within a … [Read more...] about Ministers Rush £100m Post-Brexit Fishing Package After Prime Minister’s ‘Betrayal’