16. Weekly Newsletter

UK Economic Rebound UK exports to the EU surged by 46.6% (up £3.7bn) to a total of £11.6bn for the month of February following a disappointing 42% (down £5.7bn) slump in the month previous. However, imports from the EU into the UK only increased by 7.3% (up £1.2bn) for the month but had fallen by a comparatively lower percentage in January. The total trade deficit has also narrowed to £6.3bn in ...

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15. Weekly Newsletter

HRH The Prince Philip, Duke of Edinburgh On the morning of the 9th of April the death of Prince Philip, Duke of Edinburgh, was announced by Buckingham Palace. HRH was the longest-serving royal consort in British history and had been married to HM The Queen for over 73 years. The Prime Minister described the Duke as having “earned the affections of generations here in the United Kingdom, across the Commonwealth, and ...

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Schroders go “Beyond Profit”

BSCC member Schroders are committing to looking beyond profit in their investments. The firm believes that the way we direct capital can not only shape financial returns but also can change the world. Sustainable companies are now some of the most resilient and best placed for future growth - thus further justifying the mutual benefits for investing in sustainability. Schroders are measuring a company’s environmental and societal impact through their ...

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TMF Group awarded ‘Best Fund Administrator’

BSCC Patron member TMF Group has been championed as the ‘Best Fund Administrator’ at the Private Equity Wire European Awards 2021 in partnership with Bloomberg. The Awards recognise leadership and excellence among some of the continent’s best private equity fund managers and service providers. TMF specifically won in the ‘GPs with assets <$30bn‘ category and this success came not long before they were then later awarded ‘Corporate Services Provider of ...

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14. Weekly Newsletter

PM Confirms Reopening Following a scheduled review into the upcoming reopening of the UK economy: PM Johnson has concluded that further easing of COVID restrictions will commence on the 12th of April. This signals the return of ‘non-essential’ retail and outdoor hospitality which will come as welcome news to the nations pub-goers. The public can also expect hairdressers, nail salons, theme parks, zoos, gyms, leisure centres and life events (including weddings) ...

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13. Weekly Newsletter

Tech Tax In the April, of 2020, the UK Government introduced a new 2% ‘tech tax’ on the revenues of search engines, social media platforms and online marketplaces which “derive value from UK users”. However, on Monday (29th March 2021) the US warned of tariffs being introduced to counter this impact with some British-made products potentially facing tariffs of up to 25%. UK ceramics and overcoats have both been identified as ...

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Barclays expand Private Banking Division across Europe

BSCC Patron member Barclays has established a new European hub in Dublin as the almost 350 year-old British bank looks to capture a larger share of the EU’s desirable wealth business. The target for this expansion will be the continent’s ultra-high-net-worth which focuses on clients with investable assets of circa $100m. Barclays has already achieved success in their existing private banking wealth management hubs in Monaco, Switzerland and Ireland with ...

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12. Weekly Newsletter

Economic Outlook The Bank of England (BoE) has warned that the UK’s economic outlook is “unusually uncertain” even with the rapid vaccine rollout. A focus on how the pandemic evolves in the coming months will be a top priority and the maintained interest rates at 0.1% for March has highlighted this lack of clarity. Some analysts have also noted that the BoE may be reluctant to raise interest rates as their ...

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A Look into Essity’s 2020 Annual and Sustainability Report

BSCC Patron member Essity have published their ‘Annual and Sustainability Report 2020’ which follows on from the company’s mission statement: to sustainably develop, produce, market and sell value-added products and services within hygiene and health. This is being achieved by striving for 100% recyclability of all brand packaging (including TORK, TENA and Lotus) and sourcing fresh fiber from certified wood-based supply chains. The company’s 46,000 employees, representing sales of 121,752 ...

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UPS Healthcare and UPS Foundation facilitate equitable Vaccine Deliveries

The UPS Foundation and UPS Healthcare are working to quickly deliver an equitable delivery program of COVID-19 vaccines. The multinational (in collaboration with COVAX, Gavi and CARE) has made a commitment to supply 20 million doses to countries across four continents. Africa, Asia, Europe and South America are set to benefit from this effort through the UPS ‘cold-chain network’ which provides the necessary freezer capacity for global shipping of vaccines. Scott ...

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