So much for the Trump Brexit dividend

The Treasury believes that relaxing financial regulations will enhance growth, a notion that lacks substantial evidence and may increase systemic risks. In an effort to maintain London's financial attractiveness post-Brexit, it has proposed easing rules for alternative asset managers, despite the lessons learned from the 2008 financial crisis about the dangers of lax regulation. This aligns with Rachel Reeves’s view that a larger financial sector promotes economic prosperity, while the chancellor argues that previous post-crisis...

Chancellor Rachel Reeves is visiting Washington to advocate for global free trade and urge the Trump administration to reduce tariffs on UK car and steel exports. During meetings at the IMF and World Bank, she will discuss a UK/US trade deal with Treasury Secretary Scott Bessent, emphasizing Britain's national interest in trade negotiations. While seeking to strengthen ties with the EU, China, and India, Reeves faces challenges in balancing concessions to the US with maintaining...

According to a report obtained by the Guardian, the cost of importing drugs for a clinical study in Paris and Birmingham has nearly quadrupled to £175,000, significantly impacting NHS cancer patients who are being denied access to life-saving treatments due to Brexit-related expenses. The report highlights how red tape and increased costs following the UK’s departure from the EU are disrupting British clinical trials of innovative cancer therapies. As a result, patients find themselves in...

Estonia’s Foreign Minister Margus Tsahkna warned that Hungary's Viktor Orbán could increase the financial burden on European taxpayers by pushing for the lifting of EU sanctions on €210bn of frozen Russian assets. If sanctions lapse, the EU and G7 would be liable for multibillion-euro loans to Ukraine backed by these assets, with Tsahkna stressing the need for a legal framework to manage the situation. He supports seizing the assets instead of leaving them frozen, acknowledging...

Member states are contemplating the removal of Hungary's voting rights due to its efforts to hinder support for Ukraine. In response, posters with the slogan “Let’s not allow them to decide for us” have appeared across Hungary, featuring prominent figures such as Ukraine's President Volodymyr Zelenskyy, European Commission President Ursula von der Leyen, and Manfred Weber, leader of the European People's Party, which includes Hungary's leading opposition politician. This campaign reflects Hungary's ongoing tensions with...

This article discusses the urgent need for new institutions in Europe to enhance rearmament and collective defense due to the Russian threat and potential US disengagement. A recent poll revealed that 70% of respondents oppose far-right leader Marine Le Pen's presidential candidacy after her embezzlement conviction. Proposals for a rearmament bank and a European Defence Mechanism aim to provide financial support for joint procurement, tackling Europe's rearmament backlog and creating a competitive defense market while...