Shock resignation poses challenge for Javid's successor

  • 13 February 2020
  • From the section Business
Rishi Sunak Image copyright Barcroft Media

There was no hint of what was to come from the lips of Chancellor Sajid Javid.

He had been reassured of his future in post, when I spoke to him 48 hours ago.

He was planning not just the Budget, but also a Spending Review, and a finance white paper involving negotiations with the EU over the ongoing access of UK finance to the EU.

His team had signalled the Budget was going to be a significant new chapter in UK economic policy. The first Budget of this government and its healthy majority, able to plan its own long term strategy.

However, there had been a strange series of last minute reorganisations regarding the chancellor's traditional round of interviews on the GDP figures.

Read full article Shock resignation poses challenge for Javid's successor

Chancellor’s economic growth goal unrealistic, says think-tank

  • 6 February 2020
  • From the section Business
Chancellor Sajid Javid Image copyright DAN KITWOOD
Image caption Chancellor Sajid Javid will deliver his first Budget in March

Chancellor Sajid Javid's goal of doubling the pace of economic growth has a one-in-five chance of success, an economic think-tank has warned.

He is aiming for growth of about 2.8% a year and will use next month's Budget to set out plans to achieve this.

Read full article Chancellor’s economic growth goal unrealistic, says think-tank

Ports plan for Brexit Irish Sea checks

  • 3 February 2020
  • From the section Business
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Media captionStena boss Ian Hampton says there will be border checks for ships crossing the Irish Sea.

The biggest operator of ferries in the Irish Sea has confirmed that there will be checks, inspections and some new infrastructure for trade, and it wants to know what the government will pay for.

The plans will affect both trade with the Republic of Ireland and within the UK between Great Britain and Northern Ireland, as a result of Brexit.

Read full article Ports plan for Brexit Irish Sea checks

What the Mersey tells us about Brexit

  • 31 January 2020
  • From the section Business
port

After three years of Brexit fog, there are now some significant economic choices and trade offs.

And you don't have to go far from the Mersey estuary to see them all clearly.

Read full article What the Mersey tells us about Brexit

Chancellor tries to reassure firms on post-Brexit trade

  • 23 January 2020
  • From the section Business
Sajid Javid Image copyright Dan Kitwood
Image caption Chancellor Sajid Javid has taken steps to reassure businesses.

Business leaders have welcomed what they call a clarification of the government's view that there would be "no alignment" with EU rules in a post-Brexit trade deal with the EU.

Chancellor Sajid Javid said the UK would use the power to diverge from Europe only when it was in the interests of business.

Read full article Chancellor tries to reassure firms on post-Brexit trade

UK told to 'hold fire' on April tech tax

  • 22 January 2020
  • From the section Business
Angel Gurria Image copyright Getty Images

The UK has been told to "hold fire" on a new tax on big technology firms planned for April.

The OECD said that there needs to be a global agreement on technology company tax.

Read full article UK told to 'hold fire' on April tech tax

Trump takes on Thunberg and 'pessimism' at Davos

  • 21 January 2020
  • From the section Business
Donald Trump Image copyright Getty Images

It was, predictably, a rather different speech from the US President to open the 50th World Economic Forum.

Almost every other speech and panel here is about global cooperation and climate change.

Read full article Trump takes on Thunberg and 'pessimism' at Davos

World Economic Forum: Five things to watch for

  • 20 January 2020
  • From the section Business
Trump Image copyright Getty Images

Some of the world's top business people and politicians - plus a smattering of celebrities - will gather in Davos, Switzerland, for the World Economic Forum (WEF) this week.

US President Donald Trump, teen climate activist Greta Thunberg and Uber boss Dara Khosrowshahi are among the guests.

Read full article World Economic Forum: Five things to watch for

UK faces an EU that can talk as tough as Trump

  • 16 January 2020
  • From the section Business

In the great chess game that is world trade, the pieces are shifting slowly around the board. Only in this game there are three major players not two: the US, China and the European Union.

Image copyright Getty Images
Image caption EU Trade Commissioner Phil Hogan likes to speak plainly

We've now had a chance to see the first moves from new EU trade commissioner Phil Hogan after his appearance at an event in Washington. And he's choosing a new way to play the game.

Read full article UK faces an EU that can talk as tough as Trump

Can the Treasury computer say 'Yes' to northern spending?

  • 7 January 2020
  • From the section Business
budget Image copyright Getty Images

This is not just about a change of date for a Budget originally postponed because of the Brexit delay and then an election. A rewiring of the Treasury is in the works.

First, the Budget to be presented on 11 March will be quite fundamentally different to the Budget that never happened.

Read full article Can the Treasury computer say 'Yes' to northern spending?