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The Worsening Impact of Brexit on the UK Economy
Since the Brexit trade deal, UK goods exports to the EU have fallen by 27% and imports by 32%, significantly impacting small businesses due to increased regulations and non-tariff barriers
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UK Ministers Visit the Gulf to Strengthen Trade and Investment Ties
UK Trade Secretary Jonathan Reynolds and Trade Policy Minister Douglas Alexander visit the Gulf to enhance trade and investment. They aim to secure a high-quality trade deal, boost economic growth, and showcase the UK as a prime investment destination.
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£8 Billion AWS Investment to Boost UK’s Digital Economy
Amazon Web Services (AWS) has announced an £8 billion investment in the UK, creating 1,400 jobs and contributing £14 billion to the UK’s GDP by 2028. AWS aims to boost digital infrastructure and support local innovation and skills development.
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Why Are UK Apartment Prices Underperforming the Market Since 2019?
Since 2019, UK apartment prices have underperformed other property types due to a shift in buyer preferences towards larger homes post-pandemic and safety concerns about cladding.
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Exploring Taiwan’s New Tourism Brand: “Waves of Wonder”
Taiwan launched its “Waves of Wonder” tourism brand in London, highlighting its year-round attractions like the Lantern Festival and hot springs, aiming to boost tourism from Europe and America in late 2024.
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UK Government Awards Nine Offshore Wind Farm Contracts: A New Era for Renewable Energy
On 3rd September 2024, the UK government awarded nine offshore wind farm contracts, marking a significant boost in renewable energy. These projects will generate 9.6GW, enough for 11 million homes, following last year’s unsuccessful auction.
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Fears Over Rising Energy Taxes as Business Confidence Declines
The UK plans to raise the windfall tax on oil and gas companies, sparking fears of reduced investment and economic losses. Offshore Energies UK warns that the tax hike could threaten 35,000 jobs by 2029, denting business confidence and growth prospects.
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Why Are UK and EU Airports Sticking with the 100ml Liquid Rule?
UK and EU airports continue to enforce the 100ml liquid rule due to delays in implementing advanced CT scanners, which would allow relaxed restrictions. The rule, originally temporary since 2006, persists due to logistical and financial hurdles
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The UK’s Accession to CPTPP: A New Era for Trade
The UK is set to join the CPTPP by 15 December 2024, becoming the first new member of the trade bloc since its inception. This membership will allow 99% of UK exports to be tariff-free in the CPTPP region, boosting the UK economy by £2 billion annually by 2040.
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Gen Z’s Influence on the Future of Business Travel: A New Era for Corporate Strategy
According to American Express research, Gen Z is driving the increase in business travel, with nearly 60% planning more trips in the next year to boost career prospects. They favour combining business with leisure and prioritise sustainability.
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UK Shop Prices Fall for First Time in Almost Three Years: What It Means for Consumers and Retailers
UK shop prices fell by 0.1% in August 2024, marking the first decline since November 2021. Driven by easing food inflation and discounts in non-food sectors, this drop offers some relief to consumers amid ongoing economic challenges.⬤
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The UK’s Trade Strategy: Global Deals Over EU Re-entry?
The UK government is prioritizing global trade agreements like CPTPP over re-entering the EU, aiming to strengthen ties with fast-growing markets in Asia-Pacific while maintaining regulatory independence. This strategy, however, risks long-term economic impacts on UK-EU trade relations.