6. Weekly Newsletter

UK-EU Exports In 2019, the UK exported £294bn (43% of all exports) to the EU and imported an even larger £374bn (52% of all imports) back from the EU. This represents a £79bn trade deficit with the bloc but does feature a surplus of £18bn in services. However, the UK had a trade surplus of £49bn to non-EU countries with a strong £83bn surplus for the services sector which is set ...

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Handelsbanken’s 2020 Annual Results beat Forecasts

During what has been a challenging year, one of our BSCC Patrons, Handelsbanken have achieved steady year-on-year growth with operating profits of SEK 20,135m. This came alongside the positive news that individual customer satisfaction was now at 81% for 2020 too. The company have said they are now looking to work on “enhancing our relationship banking service through our digital capabilities, placing expertise and support even closer to our branches”. The ...

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Brunswick Group top League Table for PR Advisory

Europe’s competitive league table for the largest PR advisory firms was released last week and revealed that the Brunswick Group, a BSCC Patron member, had now risen to first place by value of deals to a total of $237,106m worth. This represents a 52.6% growth YoY and was one of Europe’s fastest growing businesses in the industry. The group signed 128 deals over the year, again the highest in the ...

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5. Weekly Newsletter

UK COVID Updates Across the UK there have now been over 3.8 million COVID cases and deaths are now well beyond 100,000. The 100 year old national hero from the pandemic, Captain Sir Tom Moore, has also now been admitted to hospital and even PM Johnson has personally called him to wish a speedy recovery. However, the new COVID case rate continues to plummet and the UK is now at it’s ...

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Baker McKenzie appointed to Support UK Government on WTO Disputes

Baker McKenzie, a BSCC Patron, has been appointed to the inaugural panel of the UK Government to provide support through WTO disputes. The leading global law firm has been chosen to join the first Post-Brexit trade panel following the deal signed with the EU at the end of last year. The UK Government Trade Law Panel (TLP) will aid the newly independent WTO Member Government which is now responsible for its ...

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4. Weekly Newsletter

UK Economy & US Special Relationship The Bank of England has stated that 2020 will have been the biggest economic slump for the nation in over 300 years. The central bank even cancelled its annual stress test, with new COVID-related additions set for the future tests, of banks to allow for attention to be diverted towards credit flows in order to prop up the economy. FDI also fell by 100% during ...

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3. Weekly Newsletter

UK Economy New data shows the UK economy contracted by 2.6% in November as England was placed into a second lockdown. This was the first monthly fall since April and meant that GDP was 8.5% below the pre-pandemic peak. The ONS has attributed the decline to the widespread damage experienced in services which was led by hospitality, wholesale, retail, arts and the auto sector. The economy did, however, perform far better during ...

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2. Weekly Newsletter

Brexit Agreement On Christmas Eve, the United Kingdom successfully reached an agreement with the European Union on its future cooperation. The details of this agreement between Europe’s two largest economies cover a wide range of topics but offers little to the UK’s most valuable export: financial services. In the over 1,200 pages of the UK-EU Trade and Cooperation Agreement (TCA) it was even noted that the phrase ‘financial services’ was mentioned ...

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Christmas Greeting from Tom Johnstone CBE, Chair of BSCC

Dear Members, As we approach the end of 2020 we look back on what has been an extremely challenging and a very difficult year. The pandemic which we have faced all year and which continues to impact all of us has been much greater than I think any of us would have imagined at the start of the year. Many of us know people and families impacted by the virus and ...

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51. Weekly Newsletter

Brexit Talks Over the weekend, PM Johnson and EC President von der Leyen said it was “responsible at this point to go the extra mile” during Brexit trade talks. Disagreements continue over the EU’s insistence to hold onto their £600m of fish, caught in British waters each year, due to President Macron wanting to gain support from French fishing communities. In the event of a no-deal: the Royal Navy have prepared ...

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