The UK could seal its first bilateral free trade deal before 2020 if it pursues the right countries

Posted On Sep 4 2021 by

Read more: Trump: “We have one of the great bonds””Our research shows that South Korea must be at the very front of the queue,” Matthew Oakley, director of WPI Economics and a former Treasury official, said.”It has already expressed a willingness to cut a deal with the UK. It has already negotiated a free trade deal with the EU so has a foundation to work off. It imports increasing amounts of business and financial services. And it has a track record of agreeing bilateral deals in a relatively short period of time,” he explained.WPI warned the civil service could “be stretched to breaking point” if the Department of International Trade doesn’t prioritise countries that offer the UK the most valuable trade deals. However, if they do, Oakley said it would be possible for the UK to seal a bilateral deal with a non-EU country before the next general election.Read more: Spain wants to start post-Brexit trade talks with Britain soon Britain could sign off on its first bilateral free trade deal before 2020 if the government prioritises negotiations with South Korea, the US and Brazil, a new report suggests.The UK government should prioritise pursuing trade deals with specific countries based on the potential economic value it would bring to the UK economy as well as the speed and ease of the deal, economics consultancy group WPI Economics found. Monday 30 January 2017 6:00 am 4. China The UK could seal its first bilateral free trade deal before 2020 if it pursues the right countries whatsapp 1. South Korea Courtney Goldsmith 2. United States More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Top countries in the Trade Prospectus Index 5. Australia whatsapp Share 3. Brazil South Korea is the country that offers the most potential, WPI found in its Trade Prospects Index. read more


The Lloyd’s of London lunchtime drinking ban will backfire:  As a recovering alcoholic, I should know

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whatsapp Share Chris Owen Friday 17 February 2017 4:15 am The announcement this week that Lloyd’s of London has banned booze during office hours adds to the slightly Orwellian atmosphere currently infiltrating 2017.It smacks of a nanny-state approach, using a sledgehammer to crack a nut, and as a recovering alcoholic myself, I don’t think it’ll work. Why not? Because you don’t change behaviour, let alone one so culturally deep-rooted in a sector as drinking is within the City, by attempting to ban it. The Lloyd’s of London lunchtime drinking ban will backfire:  As a recovering alcoholic, I should know whatsapp I’ve been sober seven years now, but was drinking throughout my twenties while working in record shops and for a music festival prior to “getting a grown-up job” and starting out in the world of PR. Drinking in the shop was fine – it was a small indie store and quite frankly it added spice to the arguments with customers about which of On The Beach or After The Goldrush was Neil Young’s finest hour. Plus, at the time, there was little else to do – this was definitely pre-vinyl revival. At the music festival drinking was practically part of the job spec.Read more: Make 2017 a year of celebration – not the suffocation of London’s nightlifeMoving into PR, entertaining became par for the course, and it turned out that it’s a good industry to work in if you want to hide a major drinking problem. Pockets full of Lockets were a poor attempt, in hindsight, at covering the red wine fug.Eventually, addiction took an inevitable turn into mental health issues and I was signed off work. On returning, I faced a ban on drinking during the day – much like the staff at Lloyd’s now face. This was an initiative I agreed with HR and was sacrosanct to my remaining employed with the company.I guess it stopped long lunches, but I was an evening drinker (albeit heavily), and so banning me during the day meant I felt ostracised from peers who were given free rein. It also meant that rather than pacing, I went hell for leather on weekends when I was allowed lunchtime drinking – but that’s a personal element, rather than a sweeping generalisation across all concerned. The issue with the ban is that Lloyd’s suggests it is being brought in due to a high number of HR incidents related to alcohol, but that only tells half the story. There is an underlying issue which is fuelling the drinking and, rather than tackle the symptom, Lloyd’s needs to look at the cause. It may be as seemingly innocent as the entertaining culture which client-facing industries – especially those with big budgets such as financial services – have to embrace. It may be more sinister and be found in the stressful environment and workplace egomania that is often seen from outside the City.Read more: Merry Stressmas, and an anxious New YearEither way, simply cutting out a venting mechanism will push much of it underground. Those who find a drink helps calm them will have to find another outlet, which risks exacerbating the problem into a company-wide whack-a-mole.The drinking culture at Lloyd’s isn’t a purely wanton exercise collectively agreed upon by its participants in order to anger HR. It’s endemic and part of the fabric of the City – it always has been, and to try to alter that is futile and highly unlikely to have any (positive) effect. Some people may leave for a more relaxed environment; some may simply “work from home” more often or arrange more “client meetings” externally.If there’s a drinking problem, it has a cause. Tackling the symptom is a myopic and simplistic approach and it’ll backfire. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRecetas Get5 Signs of colon cancer to watch out forRecetas GetUndoSoGoodlyWhat Happens To Your Body If You Sleep With SocksSoGoodlyUndoDry Eyes | Search AdsSignals of Dry Eyes and TreatmentDry Eyes | Search AdsUndoDefinitionTake A Look Inside Shaq’s Massive New YachtDefinitionUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoAuto carLook: Top 5 best small SUVs 2021 | AutocarAuto carUndoWalk In Tubs | Search AdsWalk-In Bathtubs Could Be The New Bathroom Trend Of 2021Walk In Tubs | Search AdsUndoDrhealthDo You Still Keep These in The Fridge? You Are Making a Mistake!DrhealthUndoTettyBettyThe Navy Just Built Something No One Could Have Thought UpTettyBettyUndo More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com read more


China is relaxing foreign ownership caps, and London must grasp the opportunity

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Share It’s hard to believe, but Pudong, and the Lujiazui financial centre that it is home to, was just farmland in the 1990s.Since then, it has been transformed into one of the world’s most well-known modern skylines.Indeed, much like Canary Wharf, and much of the Square Mile post World War II, the redevelopment is an economic marvel, and something that China is rightly proud of.My visit to China comes at an exciting time. I travelled here to speak at the Lujiazui Forum – now an annual fixture on the international economic calendar, and one that has grown in importance over the years, as shown by the high-calibre array of speakers and attendees.One of the star speakers at this year’s event was the governor of the People’s Bank of China (PBoC), Yi Gang, who took to the stage in the wake of his speech on economic reforms at the BOAO Forum for Asia earlier this year – one for which we are still feeling the repercussions. whatsapp What was made clear to me in these meetings was the potential of a role for the UK in the Belt and Road, in providing some of the “soft infrastructure” required in its development. Think financing, legal services, and green finance expertise, to name but a few areas which the UK’s financial and related professional services sector can support.There is clearly support on both sides to move to our next level of engagement in this area, and begin collaboration on initiatives in third countries where British and Chinese strengths are complementary.I certainly hope so. After all, by some estimates the Belt and Road Initiative could add £1.8bn to our GDP every year. As they say in China, zhua jin shi ji, let’s grasp this opportunity. China is relaxing foreign ownership caps, and London must grasp the opportunity In fact, the set of measures he outlined were some of the most audacious – and, I must say, welcome – economic reforms in China since the process of opening up began 40 years ago. Yes, we were expecting them, but what we didn’t anticipate was the accelerated timetable for their introduction.By the end of this year, we can expect to see foreign ownership caps relaxed to 51 per cent in a whole host of sectors – including banking, insurance, futures, and asset management – and after three years this cap will be completely removed.In addition, China has reaffirmed its commitment to introducing the London-Shanghai Stock Connect this year, which will give UK and Chinese investors unparalleled access to each other’s markets.It’s certainly an interesting time for Sino-UK relations.Before my arrival in Shanghai, I visited Beijing to pay a visit to some of our most important stakeholders, including the National Development and Reform Commission and PBoC, both of whom have crucial roles to play in China’s Belt and Road Initiative. Monday 18 June 2018 10:55 am Catherine McGuinness whatsapp I write today’s article in a tall building overlooking the so-called “Paris of the East”, better known as the city of Shanghai.From here, you can see the old and new – the remnants of Shanghai’s old financial centre along the Bund, and the mind-boggling array of skyscrapers which have flown up on the other side of the river. read more


EU27 preparing to broaden Barnier’s mandate for 11th-hour Brexit deal

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whatsapp Monday 10 September 2018 9:22 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverst Catherine Neilan Share It is hoped this will give Barnier and his counterpart Brexit secretary Dominic Raab, as well as chief EU adviser Olly Robbins, enough leeway to secure a deal at the special Brexit summit in November. City A.M. reported in August that Barnier’s mandate would be broadened at the October Council, in particular to “fudge” options around the Irish border, in order to secure a deal in the remaining time.  One source said at the time: “There is a route where the deal that isn’t actually a deal pleases everybody… Getting a deal through to transition they will have to have some form of words that both sides can claim is a win.“But we’re in the world of fudge, and there’s plenty to go around… at the moment they just need to kick it on to give themselves some breathing space.”Another source said both German and Irish policy makers were pushing for greater flexibility “just to get this done”. The leaders of the EU27 are poised to hand Michel Barnier a new mandate in a bid to secure a last minute deal on Brexit. According to the FT, the leaders will discuss broadening the scope of the chief negotiator’s framework at an informal summit in Salzburg, Austria, on 20 September before adopting the new guidelines at the October European Council. EU27 preparing to broaden Barnier’s mandate for 11th-hour Brexit deal whatsapp Read This NextSmoking and Hair Loss: Are They Connected?Vegamour’The Harder They Fall’ Trailer: Jonathan Majors Seeks Revenge on Idris ElbaThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’The Blacklist’ Fans Are Not Happy They Didn’t Find Out What Was in ThatThe Wrap’The Blacklist’ Finale All But Confirms Long-Held Fan Theory About Red’sThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour15 Surprises About the Original ‘The Fast and the Furious,’ From CastThe WrapHow Often Can You Dye Your Hair?Vegamour read more


LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman

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first_imgTuesday 25 September 2018 12:42 pm Jessica Clark The move, which is effective immediately, will see current LCH Group chairman Lex Hoogduin step down after three years in the role. Read more: Activist Hohn reduces stake in London Stock Exchange GroupThe business has become central to debates about the impact Brexit will have on the finance industry, as LCH clears 90 per cent of Euro denominated contracts and some EU policymakers are keen for the unit to be moved into the single currency area. Bailey, who has 30 years of experience in the financial services sector, will also join the LSE group board as an independent non-executive director along with Citi head of regulatory and market strategy Ruth Wandhofer. London Stock Exchange Group chairman Donald Brydon said: “Marshall’s knowledge, gained from Board and management positions in the UK and around the world, will allow him to offer valuable commercial and regulatory insight to LCH Group and LSEG. whatsapp whatsapp “Ruth’s background in regulatory and technology change within complex businesses will be of great benefit to the Group as we continue to develop our global business.“I would like to thank Professor Lex Hoogduin for his commitment and significant contribution in his role as a Non-Executive Director of LSEG and as Chairman of LCH Group Limited over the past three years. I am pleased that the Group will continue to benefit from his experience as Chairman of LCH Ltd and LCH SA.”Read more: Insurer D&G weighs up return to London Stock Exchange LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman center_img Share Tags: Brexit Company London Stock Exchange Group by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFacts   London Stock Exchange Group has appointed financial services veteran Marshall Bailey as chairman of its clearing business LCH Group.last_img read more


No deal ‘more likely than ever’ says EU as Theresa May is given another chance to sell her Brexit plan

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first_imgClaiming the backstop plan was merely an “insurance policy” in case a future trade agreement was not ready to be implemented, she said: “We expect that to be no later than December 2021 but we will be working to ensure that that point comes as early as possible.”Tory MP Simon Clarke, who earlier this year submitted and then withdrew a letter of no confidence in the Prime Minister, said May had “failed to reassure” MPs the UK would be able to leave the backstop arrangement when she claimed.Former education secretary Justine Greening, who is supporting another referendum, attacked May’s plan to keep the UK signed up to the EU’s rules on goods after Brexit.To nods from Boris Johnson and other Brexiter MPs, Greening said May’s plan “represents a unique loss of sovereignty for Britain and that for the first time we will have tied the hands of future generations to be bound by rules they will have had no chance to write.” No deal ‘more likely than ever’ says EU as Theresa May is given another chance to sell her Brexit plan whatsapp “But at the same time, responsible as we are, we must prepare the EU for a no-deal scenario, which is more likely than ever before.”Ahead of the summit, May has been speaking to key European leaders in a bid to orchestrate a breakthrough in the talks.French President Emmanuel Macron is set to speak to the Prime Minister on Monday, while phone calls were held with German Chancellor Angela Merkel and Dutch Prime Minister Mark Rutte on Sunday. Share European Council president Donald Tusk has invited the Prime Minister to address her EU counterparts in a bid to persuade them to push forward with the negotiations.In a letter to EU leaders, Tusk struck a downbeat tone as he said talks have stalled since a meeting at Salzburg last month in which May’s plan was dismissed as not viable.Negotiations are currently in a state of deadlock over what form a ‘backstop’ should take to prevent a hard border on the island of Ireland if a trade deal is not ready by the time the transition period expires at the end of December 2020.In his letter, Tusk said: “As you remember from Salzburg, we wished for maximum progress and results that would lead to a deal in October. As things stand today, it has proven to be more complicated than some may have expected.“We should nevertheless remain hopeful and determined, as there is good will to continue these talks on both sides. Owen Bennett Theresa May will have one more chance to sell her Brexit plan to the EU (Source: Getty)The invitation came just hours after May came under attack from all sides in the Commons as she defended her Brexit negotiating plan.center_img Theresa May will be given one final chance to sell her Brexit plan to the EU on Wednesday – with a warning from Brussels that no deal is “more likely than ever before”. Appearing before MPs to give an update on the talks, the Prime Minister was barracked by Brexiters and Remainers as she insisted the UK and the EU are not “far apart” from reaching a deal.Her words came less than 24 hours after the Brexit talks hit yet another bump, with progress on the so-called ‘backstop’ arrangement for any deal reaching a deadlock in Brussels.May’s plan – which would come into effect if the UK and EU’s future trading relationship is not finalised by the end of 2020 – would see the UK stay part of the EU’s customs union, restricting its ability to implement third-party trade deals.The EU do not want the backstop to be time-limited, as they believe it is needed to keep an invisible border on the island of Ireland.Under questioning from Tory former foreign secretary Boris Johnson and Labour’s Brexit select committee chair Hilary Benn, May was not able to offer a concrete date on when such an arrangement would come to an end. Monday 15 October 2018 6:24 pm whatsapp Tags: Brexit Donald Tusk People Theresa Maylast_img read more


National living wage to rise almost five per cent next year

Posted On Sep 4 2021 by

first_img The national living wage is set to rise nearly five per cent from £7.83 to £8.21 per hour, chancellor Philip Hammond revealed in today’s Budget. Tom Evennett, a private client services partner at EY, said:”Today, despite the increase in the personal allowance to £12,500 from April 2019, the accompanying increase in the National Living Wage means that those working 35 hours a week on this wage will still be paying nearly £500 a year in income tax. “The National Insurance thresholds remains much lower than the personal tax allowance. This means, assuming 2018/19 rates, these individuals would also pay over £750 in National Insurance. Those under 25 on the National Minimum Wage may be outside the income tax net, but even these people find themselves paying National Insurance.” whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Monday 29 October 2018 7:30 pm To be implemented in April next year, the government estimated that this will increase the annual pay of a person in full-time employment by £690 per year.Additionally, Hammond said the Low Pay Commission will be given a new remit beyond 2020 as minimum wages look set to hit its target of 60 per cent of median earnings, subject to sustained economic growth.”We will want to be ambitious with the ultimate objective of ending low pay in the UK,” said Hammond.”But we will also want to be careful – protecting employment for lower paid workers. So we will engage responsibly with employers, the TUC and the LPC itself over the coming months, gathering evidence and views to ensure we get this right.”However some cast doubt on the wage rise, in light of Hammond’s other hike of the afternoon of personal tax allowance to £12,500 per year. Sharecenter_img Emily Nicolle Tags: National Living Wage People Philip Hammond whatsapp National living wage to rise almost five per cent next year last_img read more


Eleven banks chosen to join £350m RBS scheme to boost business banking competition

Posted On Sep 4 2021 by

first_img whatsapp Eleven banks have been chosen to join a £350m scheme to encourage small businesses to move away from RBS in a bid to boost competition.Challenger banks including Monzo, Metro and Starling as well as Santander, Co-operative, CYBG and TSB were selected by the Banking Competition Remedies body (BCR) and funding amounts will be revealed in February. Wednesday 19 December 2018 8:48 am whatsapp The organisation was set up to distribute a £775m RBS fund designed to boost business banking competition, established as a condition of its £45bn government bailout during the financial crisis.The BCR has announced eleven banks that have been successful through the fund’s ‘incentivised switching scheme’, set to provide a maximum of £275m to small and medium sized businesses (SMEs) to switch to challenger institutions.A further four organisations applied but did not meet the criteria but the BCR said they were set to be compliant early in 2019.RBS will also receive £75m to cover the cost of customers switching.Arbuthnot Latham & Co, Hampden & Co, Nationwide Building Society and Svenska Handelsbanken were also chosen by BCR. Callum Keown Eleven banks chosen to join £350m RBS scheme to boost business banking competition Nationwide and Monzo were selected despite not yet having a business current account offering.Chairman Godfrey Cromwell said: “It’s very good news that a broad selection of organisations have stepped forward and made a diversity of offers across the SME client base.”“Customers will be the real decision makers here. We look forward to getting through the contracting stage and seeing these offers made public so that customers can react.”Cromwell added that BCR expected more offers in a further application round in the second quarter of next year. Share Tags: Trading Archivelast_img read more


Business lender Iwoca gets a helping hand with £7.5m from London fund Augmentum Fintech

Posted On Sep 4 2021 by

first_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe Sofa Love Best Sofas for Lower Back Pain that actually works in 2021 – Buying GuideThe Sofa Love Undocutenova.com10 Dreamiest Celeb Houses We’d Like To Live Incutenova.comUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndowomengetfreebies.comGet free samples sent to your home. 100% free. Sign up Nowwomengetfreebies.comUndoBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationUndominduper.comThe five aspects of a holistic dietminduper.comUndoDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUUndoAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaUndoAir Ambulance CompaniesAmbulance Services Prices in Scottsdale Might Surprise You!Air Ambulance CompaniesUndo Thursday 24 January 2019 3:48 pm Small business lending challenger Iwoca is planning to close its next funding round within weeks, as the first stage of investment is revealed.London-listed fund Augmentum Fintech has plugged £7.5m into the round, which City A.M. understands to be part of a much larger series D raise to be announced in early February. A representative for Iwoca declined to confirm the final amount, but said the upcoming round would be “much more significant” than Iwoca’s previous raises. Read more: Robinhood rival Freetrade launches US stocks as transatlantic battle hots upThe fintech firm, which offers credit facilities to small businesses across the UK, has raised just under £50m in equity funding to date. Its existing investors include Etsy-backer Acton Capital Partners, the venture arm of Commerzbank, and Prime Ventures among others.Launched in 2012, Iwoca now employs a team of 70 staff at its headquarters in central London. It has funded more than 25,000 small and medium-sized businesses (also known as SMEs) across the UK, Germany and Poland.The news comes after Augmentum also closed an investment into probate startup Farewill earlier this week, injecting £4m into a £7.5m round alongside the venture arms of Daily Mail-owner DMGT and M&C Saatchi.  whatsappcenter_img Business lender Iwoca gets a helping hand with £7.5m from London fund Augmentum Fintech City A.M. understands that today’s funding from Augmentum is the fintech fund’s largest one-off investment since it went public in March last year.Read more: Augmentum Fintech backs London will-writing startup Farewill in £7.5m roundChief executive Tim Levene said of the investment: “Whilst there are many companies attempting to address SME lending, few have a credit product as advanced as Iwoca.”We believe their industry-leading analytics and technology set them apart from other lenders and give them a competitive advantage others will find hard to replicate. We are confident that Iwoca will emerge as one of the winners in the SME space.” whatsapp Tags: FinTech Small business Startups Emily Nicolle last_img read more


Brexit: Commons speaker picks four indicative votes for MPs to debate

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first_imgA no-deal Brexit would see the UK trade on World Trade Organisation (WTO) rules that could lead to extra checks and taxes on some goods.MPs have already voted overwhelmingly against a similar motion last week.Motion C: Customs union – PICKED BY BERCOWProposed by Ken Clarke (Conservative)Tory grandee Ken Clarke’s motion seeks to force the government to sign up to a “permanent and comprehensive” UK-wide customs union with the EU.This can be seen as a much softer Brexit than hardline Brexiters would be satisfied with, but would solve the need for many checks at the Irish border. However, the UK wouldn’t be able to make its own trade deals with other countries. In last week’s votes this option was just six votes short of a majority.Earlier today the Tories’ chief whip said the government had failed to communicate the “inevitably” softer Brexit May negotiated with the EU.Motion D – Common Market 2.0 – PICKED BY BERCOWProposed by Nick Boles (Conservative) and Lucy Powell (Labour)Another softer Brexit option, Boles’ and Powell’s motion would see the UK recommit to the European Free Trade Assocation and European Economic Area.That would keep the UK in the single market and see the UK retain freedom of movement.MPs defeated this controversial option last week by a wide margin.Motion E: Confirmatory public vote – PICKED BY BERCOWProposed by Peter Kyle and Phil Wilson (Labour)This motion seeks to put any Brexit deal agreed by parliament before the public before it can go ahead.It split opinion last week in the Commons, with 268 votes for it and 295 against.Motion F: Public vote to prevent no dealProposed by Graham Jones (Labour) and Dominic Grieve (Conservative)Under this option, a referendum on the future path of Brexit would take place – but only if the UK is facing a no-deal Brexit.The motion is new.Motion G: Parliamentary supremacy – PICKED BY BERCOWProposed by Joanna Cherry (SNP)Cherry’s option seeks to prevent a no-deal Brexit by forcing the government to seek an extension by 10 April if no deal is agreed.If the EU agrees to delay Brexit again, a vote on 11 April would see MPs choose between a no-deal Brexit or simply revoking Brexit completely.If MPs pick the latter, an inquiry would seek to find an option on a UK-EU relationship that could realistically win support.Motion H: EFTA and EEAProposed by George Eustice (Conservative)Former minister Eustice’s motion proposes the UK rejoin the European Free Trade Association without undue delay to keep the UK in the single market.It would also put the UK back in the negotiating room with the EU over “additional protocols” to resolve the Irish border problem. Joe Curtis Monday 1 April 2019 5:14 pm This would allow the UK to end the so-called Irish backstop of its own accord, a key demand of the DUP and Jacob Rees-Mogg’s European Research Group to back May’s deal.Currently, May’s withdrawal agreement contains the potential for the UK to be stuck indefinitely in a customs union with the EU.Motion B – No deal in the absence of a withdrawal agreementProposed by John Baron (Conservative)This motion calls on MPs to support the UK crashing out of the EU without a deal on 12 April if May’s withdrawal agreement still lacks support.An online petition calling for a no-deal Brexit has garnered 135,000 signatures so far – more than the 100,000 threshold required for parliament to consider it for debate, but far less than the 6m signatures to revoke Article 50. Brexit: Commons speaker picks four indicative votes for MPs to debate Tags: Brexit People Theresa May More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com A fresh attempt to break the UK’s Brexit deadlock was made today as MPs prepare to vote on four indicative motions to decide on a path forward.Prime Minister Theresa May’s deal was rejected for a third time last week by a margin of 58 votes as parliament opted against leaving the EU with her withdrawal agreement on 22 May. Share Instead MPs are staring at a no-deal Brexit on 12 April, with the EU warning that is now a “likely” scenario unless the UK can present a clear strategy to justify a further delay.Last week’s series of indicative motions failed to find a popular way forward, so more votes will take place today.There were eight options on the table, but Commons speaker John Bercow picked four to put forward for votes scheduled for 8pm tonight.However, these were the options Bercow had to choose from – let’s see which he picked:Motion A – A unilateral right of exit from the backstopProposed by John Baron (Conservative) Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. 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