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Brexit

Chancellor’s Brexit brinkmanship puts the hold on

The continuing uncertainty over Brexit saw the Chancellor deliver a Spring Statement that was more holding plan than action plan. Following just one day after the latest rejection by Parliament of the government’s latest Brexit deal, there were few surprises but many cautions as Philip Hammond highlighted a range of alternative scenarios, depending on what happens with the country’s exit from the EU over coming weeks. That included a possible reversal to the ‘end of austerity’ he predicted in the Autumn 2018 Budget, with the Chancellor saying that he will…

Brexit: An update

It’s the end of May, we’ve got less than a year before the UK officially starts the transition to leave the EU, and the waters are as muddy as ever. Although a great deal of progress was made over the last couple of months, there are still some sticking points that need to be sorted out before the Brexit Bus can get back on the road. First off is the key point that UK (and European) businesses will be concerned about – trade agreements. There were rumblings that Parliament would…

Brexit – follow the money

After weeks of meetings, press conferences, private functions and a huge flurry of reporting, Brexit seems to have come to a shuddering halt. There have been five rounds of negotiations, yet it appears the UK and EU representatives have reached an impasse until the UK’s financial commitments have been settled. Issues surrounding the Irish land border with the UK and the rights of EU citizens (both here and the millions of Brits abroad), have been reported frequently. The real issue that’s caused everyone to scuttle back to their respective corners…

No rabbits, just selfies come out of Hammond’s hat in pre-Brexit budget

The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Spring Budget, which avoided headline-grabbing shake-ups and tax breaks in favour of economic stability.   In the run-up to the announcement, sterling slipped to a seven-week low, reflecting the uncertainty surrounding the move towards exiting the European Union, but the Chancellor pointed to robust economic growth, record levels of employment and a falling deficit, saying real GDP had grown by 0.7% in the final quarter of 2016 and by 1.8% over the…

Safeguarding design is a priority for small business

Cheaper registration fees are an opportunity for small businesses and designers to secure greater protection for their intellectual property in future, as well as being a route to protection in the UK post-Brexit. A registered design is one of the options available from the Intellectual Property Office, alongside trade marking, patenting and copyright. It protects the visual appearance of a product including the shape, texture, materials, colour and pattern and gives the right to prevent others from using the design for up to 25 years through a renewal process every five years. …

Jammy and dodgers focus of Hammond’s first and last – Autumn Budget Statement 2016

The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Autumn Budget statement, with a focus on lower income households and business tax avoidance. The new Chancellor announced a reduced growth target and predicted a tougher economic period during the transition towards Brexit. The target set out by his predecessor to achieve a surplus by 2020 has been set aside, with growth predicted to fall to 1.4% in 2017 and cumulative borrowing over the next five years predicted to be £122bn…

Businesses must keep foot on pedal for data protection

A major milestone in EU data protection law was marked when the General Data Protection Regulation came into force just before the EU Referendum. A huge piece of legislation that was set to replace the UK’s Data Protection Act 1998 from May 2018, it marks a tough new era in EU-wide data protection, with new powers for data regulators and much stricter operating boundaries for businesses that process personally identifiable information about individuals. But for UK companies imagining that Brexit will have changed the need for them to comply, there’s a…

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