Year: 2020

Under the plans set to be announced at Wednesday's Budget, the Government will provide the cash as loans to overseas buyers of British goods in a bid to bolster exports. The funds, offered through the UK Export Finance scheme, come as ministers look to prepare businesses for new trading conditions once Britain has left its current transition period with the European Union. Around £2bn from the scheme will be used to encourage […]

Boris Johnson has been urged to "get Brexit right" rather than rushing to meet deadlines as coronavirus puts pressure on the government. Baroness Angela Smith, Labour's leader in the House of Lords warned dealing with the Covid-19 outbreak would have "quite an impact on the attention and resource the government can put into negotiations." And she urged the ministers to engage with Parliament to find pitfalls in the agreement, ensuring […]

Britain's aerospace industry has criticised the government after the transport secretary confirmed the UK will leave the European aviation safety regulator by the end of the year. Grant Shapps said British membership of the European Union Aviation Safety Agency (EASA) will come to an end at the end of the Brexit transition period on 31 December. The minister said powers would revert to the Civil Aviation Authority (CAA). "We will […]

The UK should consider the trade-offs it is willing to make in a post-Brexit deal, European Commission president Ursula von der Leyen says. She said the closer the UK's access to the single market - which it is leaving - the more it must adhere to EU rules. But cabinet minister Michael Gove said the UK "would regain its economic and political independence" and any deal "would need to reflect […]

The government has responded to an EU call to "make up its mind" by revealing plans to publish a draft post-Brexit trade deal within the next nine days. David Frost, the prime minister's EU adviser who is leading the UK's negotiating effort, on Monday said he would unveil a draft free trade deal before next week's next round of talks with Brussels. This would be included among other "legal texts" […]