Business

Latest Notices for Traders from Defra
Business

Latest Notices for Traders from Defra

Defra has issued notices for traders on importing Goods from the EU, an updated Border Operating Model and the Northern Ireland Protocol Government Chemist and Department for Environment, Food & Rural Affairs 23 July 2021 Please note that the information in this page has been issued by Defra, not the Government Chemist, and it is published to increase dissemination amongst Government Chemist stakeholders. Importing Goods from the European Union (EU) from 1 October 2021 New actions required for businesses importing products of animal origin into Great Britain from the EU. From 1 October 2021, there will be new requirements to continue importing animal products for both human consumption and non-human consumption from the European Union into Great Britain. Some of the requir...
British Exporters, Business Leaders and Trade Professionals Recognised in Birthday Honours List 2021
Business, Europe, World News

British Exporters, Business Leaders and Trade Professionals Recognised in Birthday Honours List 2021

Trade and Export entrepreneurs and staff from the Department for International Trade (DIT) are being recognised in the Birthday Honours List 2021. Department for International Trade 12 June 2021 Today, International Trade Secretary Liz Truss MP is congratulating UK exporters, business leaders and DIT staff who have been recognised with honours for their exceptional and outstanding service to international trade, investment, and exporting. The Birthday Honours List also recognises the work and dedication undertaken by those who worked during the pandemic to keep the country safe. Those honoured this time around represent a diverse range of businesses, from retail industry through to the creative industry and government support to sourcing medical equipment and negotiating trad...
Iconic British Exports Expected to Benefit from Any Trade Deal with Australia 
Business, Europe, World News

Iconic British Exports Expected to Benefit from Any Trade Deal with Australia 

World famous British food and drink, car, rail, and fashion industries are among those that could benefit from tariff-free trade with Australia. Department for International Trade and The Rt Hon Elizabeth Truss MP 7 June 2021 Some of the Britain’s most famous exports could enjoy major wins from a UK-Australia trade deal, the Department for International Trade has revealed. UK negotiators are working to remove tariffs impacting our car, train, fashion, and food and drink industries, making it cheaper and easier to sell goods to Australia, supporting jobs and boosting the economy. The Government’s latest research estimates that 6.5m jobs were supported by exports in 2016 and were generally higher paying, with wages in jobs directly and indirectly supported by exports around 7% h...
Supporting Retirees With Extension of the Temporary Reduction in Superannuation Minimum Drawdown Rates
Business

Supporting Retirees With Extension of the Temporary Reduction in Superannuation Minimum Drawdown Rates

Prime Minister, Minister for Superannuation, Financial Services and the Digital Economy, Minister for Women's Economic Security 29 May 2021 Today the Morrison Government announces an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022. As part of the response to the coronavirus pandemic, the Government responded immediately and reduced the superannuation minimum drawdown rates by 50 per cent for the 2019-20 and 2020-21 income years, ending on 30 June 2021. Today’s announcement extends that reduction to the 2021-22 income year and continues to make life easier for our retirees by giving them more flexibility and choice in their retirement. For many retirees, the significant losses in financial markets ...
New National Flagship to Promote British Businesses Around the World
Business, Europe, World News

New National Flagship to Promote British Businesses Around the World

New ship will showcase cutting-edge British design, engineering and green technology while boosting trade and driving investment. Prime Minister's Office, 10 Downing Street 30 May 2021 Ship will be the first of its kind constructed in the UK, creating jobs and reinvigorating the shipbuilding industry Once built, the flagship will host trade events and promote UK interests around the world British businesses will be given a new global platform to promote their products through a new national flagship announced by the Prime Minister today. The ship, the first of its kind to be built and commissioned by the UK, will boost British trade and drive investment into our economy. The vessel will be used to host high level trade negotiations and trade shows and will sail al...
Positive Results for Scottish Seafood Exporters
Business, Health, Health & Social

Positive Results for Scottish Seafood Exporters

A UK Government-led taskforce is helping to improve export systems. Office of the Secretary of State for Scotland and David Duguid MP 14 May 2021 Discussions took place today [Friday 14 May] during the seventh meeting of the Scottish seafood exports taskforce, which brings together key industry figures from the fishing industry with officials and senior politicians from the UK Government and Scottish Government. UK Government Minister for Scotland David Duguid chaired the meeting and said the taskforce had tackled problems which affected the seafood sector since Britain’s exit from the EU, many relating to paperwork now required by the EU. Following the meeting, Minister Duguid said: This taskforce has been unusual as it has brought together industry experts from the catching...
Jobs Boom Takes Off in the Hunter with Newcastle Airport Investment
Aviation, Business

Jobs Boom Takes Off in the Hunter with Newcastle Airport Investment

07 May 2021 Prime Minister, Deputy Prime Minister, Minister for Infrastructure, Minister for Infrastructure, Transport and Regional Development, Minister for Defence The Morrison Government will upgrade the Newcastle Airport runway generating thousands of local jobs while creating new domestic and international travel and export destinations for Hunter and Central Coast residents and businesses. The runway will be widened with a $66 million investment to accommodate longer range domestic and international passenger services as well as significantly increased large freight capabilities to benefit local exporters. This will maximise the benefits of works already completed on the terminal to upgrade international arrivals and departures processing. ...
International Workers’ Day 2021: The Key Steps Government Has Taken to Support Workers
Business

International Workers’ Day 2021: The Key Steps Government Has Taken to Support Workers

1 May 2021 Department for Business, Energy & Industrial Strategy On International Workers’ Day 2021, we’re reflecting on some of the key steps the Government has taken to support workers since last year. The UK has one of the best workers’ rights records in the world. On International Workers’ Day 2021, we’re reflecting on some of the key steps the Government has taken to support workers since last year. Looking to the future, we are bringing forward plans to crack down on workplace abuses through a powerful new enforcement body, while giving workers more freedom over where and when they work by putting an end to the use of exclusivity clauses for those on low pay. Government’s top steps to protect workers’ rights: We made sure 2 million people received a well-e...
UK and Jordan Trade Agreement Comes into Effect
Business

UK and Jordan Trade Agreement Comes into Effect

1 May 2021 British Embassy Amman and Department for International Trade Jordan The agreement will ensure ambitious trade cooperation with Jordan while also securing continued preferential trade for British and Jordanian businesses and consumers helping to boost vital trade and investment. The new Association Agreement reaffirms the deep interest of both Jordan and the UK to strengthen our longstanding trade and economic relationship. The total trade on goods and services between the UK and Jordan was worth £561 million in 2020, which we will seek to expand. We have had positive trade agreements and partnerships across a variety of sectors including education, aviation, retail, biometrics and technology. Major items exported to Jordan include: general industrial mach...
Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for March 2021
America, Business, World News

Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for March 2021

21 April, 2021 CHICAGO, April 21, 2021 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for March 2021. For the month, long-term mutual funds and ETFs collected a record $156 billion, surpassing the $144 billion record set in February. Morningstar's report about U.S. fund flows for March 2021 is available here. Additional highlights from the report include: U.S. equities took in a record $54 billion, well ahead of February 2021's $38 billion, the second-highest total in data going back to 1993. Resurgence in investor appetite for cheap stocks drove the inflows. Investors poured into value-oriented and cyclical funds at some of the highest rate...