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Mid Suffolk among areas to miss out on levelling up funds | East Anglian Daily Times
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▷🥇 Las empresas del Reino Unido piden más tiempo para evitar el precipicio del Brexit
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The United Kingdom’s manufacturing industry warned of a potential “knockout blow” if Prime Minister Boris Johnson is unable to secure a trade deal with the European Union before temporary transition arrangements end on December 31.
Make UK, the trade body for British manufacturers, said it was slashing its growth forecast for the sector in 2021 to 2.7 percent from 5.1 percent just three months ago – roughly half the rate of growth it sees for the broader economy.
“Combined with the pandemic, many in industry are feeling like an exhausted boxer in the final round of a bout, with a ‘no deal’ exit from the EU potentially landing a knockout blow,” Make UK’s Chief Executive Officer Stephen Phipson said.
‘Knockout blow’: UK manufacturers warn of no-deal Brexit upheaval Al Jazeera English © Despite public service messages like this one by the British government, UK manufacturers say they n. Despite public service messages like this one by the British government, UK manufacturers say they need more time to prepare for a possible no-deal Brexit [Toby Melville/Reuters]
The United Kingdom’s manufacturing industry warned of a potential “knockout blow” if Prime Minister Boris Johnson is unable to secure a trade deal with the European Union before temporary transition arrangements end on December 31.
Make UK, the trade body for British manufacturers, said it was slashing its growth forecast for the sector in 2021 to 2.7 percent from 5.1 percent just three months ago – roughly half the rate of growth it sees for the broader economy.
U.K. Businesses Plead for Time to Avoid Brexit Cliff Edge
Bloomberg 12/14/2020 Deirdre Hipwell and Jennifer Ryan
(Bloomberg) British business groups pleaded with the government to extend the time they have to prepare for the nation’s departure from the European Union after leaders from both sides agreed to continue talks.
U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Sunday gave negotiators another shot at reaching a deal on the terms of trade before the Brexit transition period ends on Dec. 31.
Lobby groups responded with relief at the prospect that the sides may yet avoid a no-deal divorce, which would mean the application of costly tariffs and quotas. The raft of changes that Brexit nevertheless entails from licensing standards to paperwork requirements mean U.K. companies still have a lot of work ahead to adjust to their new relationship with the nation’s biggest trading partner.
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