Boris Johnson

BOE Interest rate drop

The Bank of England has just announced that it is reducing interest rates to 0.1%. This follows moves by Central Banks around the world to ensure that there is liquidity in the financial system and no obstacles preventing businesses from borrowing or banks from lending that might worsen the impacts of the Covid-19 outbreak. In the UK, it is a signal to the government that “whatever it takes” means “whatever it takes”: the real need at the moment is for…

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The realpolitik of post-Brexit trade with the EU

Dr. Rebecca Harding CEO Coriolis Technologies Boris Johnson’s post-Brexit approach to the UK’s relationship with the EU had its first airing on Monday. He excluded the possibility of regulatory alignment or level playing fields and instead laid out a vision for the UK based on its right to set its own standards, trade in its own way with whomever it likes, and control its own borders. His government, and specifically the foreign secretary Dominic Raab, is already urging a zero…

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Brexit, the game: why trade deals aren’t as important as the politics

Rebecca Harding CEO Coriolis Technologies 20th December 2020 Make no mistake, there is now no doubt. The UK is leaving the EU on January 31. There will then be a transition period to the end of 2020, nominally to allow the economy to adjust but actually to allow the future of our trade relationship with Europe to be determined. During this time, it will be possible to strike new trade deals, for example with the United States, but those deals cannot…

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Why UK politicians should look before they leap when deciding on Brexit

Dr. Rebecca Harding CEO, Coriolis Technologies With nine days to go until the UK is supposed to leave the EU, if ever there was a time to stop and think about the future of UK trade it is now. The “get Brexit done” mantra has taken hold of political rhetoric since Mr Johnson became prime minister, and as a result there is a real risk that some of the aspects of the current political declaration for trade will be at…

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Where’s the beef? Why we aren’t out of the woods in US-EU trade talks just yet

On August 2nd, the US and the EU announced a trade deal. The two parties have been locked in discussions since Jean-Claude Juncker and Donald Trump agreed to work towards a free trade agreement in 2018. But on Friday, the EU agreed to buy 45,000 tonnes more hormone-free beef from outside of the EU over the next seven years. Around 80% of this beef will come from the US. This was announced to cheers and celebrations all round, especially on the Trump campaign trail. …

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