The move will be a boon for Savile Row tailors as well as cashmere, bed linen, gin and whisky producers who’d been suffering the impact of the 25 percent tariffs on exports to the U.S.
Neil Kuschel, CEO Europe for tech solutions company Global-e, believes it’s possible to smooth the kinks in cross-border e-commerce, but companies need to be transparent about costs, and be prepared to absorb them, too.
Brexit worries receded amid the panic of COVID-19, and British businesses are now looking forward to 2021 with cautious optimism, and the prospect of free trade with the European Union and the U.S.
The U.K. is hoping to secure a post-Brexit trade deal with the U.S. and is therefore saying “no” to retaliatory tariffs imposed by the European Union in the long-running subsidies spat.
Between tending to their six-month-old baby, Wilf, and campaigning for the environment, the British prime minister’s fiancée Carrie Symonds is proving a formidable force in the government’s top echelons.
British businesses, hit by a double whammy of COVID-19 and preparations for the Brexit finale in December, are being urged to focus on exports and to sharpen their e-commerce game.
Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.
As the U.K. braces for a full-scale epidemic, retailers are thinking about how to jump-start business once the virus burns out.
Knitwear and clothing companies are nervous about the potential for 100 percent tariffs on exports to the U.S. if President Trump decides to retaliate in two trade disputes.
The next burning question for businesses is how quickly Prime Minister Boris Johnson can broker an acceptable trade deal with Europe.
British Prime Minister Boris Johnson claimed victory for the Tories on Friday after his party snatched a number of seats from Labour, in the north of England and Wales in particular.