UK Carbon price falls The price of UK carbon emission permits dropped to an all-time low when it hit £31.48/ tonne of carbon dioxide due to tame winter temperatures, leading to less demand on energy suppliers needing permits to cover any spike in energy usage over the winter period. The price has dropped by 43% compared to just one year ago when it was at €62/tonne. This has raised concerns about ...
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We are happy to present the first edition of The Policy Watch, a new weekly update on the most important policy news from the previous week. "The Policy Watch" aims to provide concise insights into the current policy landscape. Tailored for our members and individuals interested in international affairs, this update offers a brief yet comprehensive summary of key developments affecting policy decisions and political trends in the UK, Sweden, and ...
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UK halts Canada trade talks The UK has paused trade talks with Canada, leaving UK farmers with reduced access to Canadian markets. The suspension in talks is because Canada demanded concessions on hormone-treated beef, which is blocked by UK legislation. This is the first time trade talks with another country have broken down post-Brexit. The halted negotiations will primarily affect farmers and carmakers. Trade between the UK was worth £26 billion per ...
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Sunak on Rwanda asylum and immigration bill Rishi Sunak has not revealed whether he expects asylum seekers to be sent to Rwanda before the upcoming autumn elections. On Wednesday this week, the Rwanda bill saw a government majority in the House of Commons, which should have reinforced the political initiative. However, this was undermined by the UK's statistics watchdog, which claimed that the asylum statistics have been misleading. The UK government has ...
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The BSCC network encapsulates knowledge and expertise from a vast array of sectors. We are therefore always eager to present the latest news from our members. This week we share updates from Vinge, Novare Human Capital, and SAAB. Vinge Female-run businesses in low – and middle-income countries tend to have bleak prospects in acquiring loan financing. In the fight against poverty, available flows of investment are of utmost importance. Therefore, Vinge has ...
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Post Office Scandal The Post Office faces potential insolvency due to a possible £100 million tax bill following the postmaster's scandal. The scandal was an almost 20-year period of theft, false accounting and fraud due to the faulty post office's horizon accounting software. The Post Office has tried to claim tax relief on the compensation it paid to the victims of the scandal. The latest accounts from the Post Office displayed £435 ...
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We are delighted to introduce are newest members Accello and JEBcom. Accello's mission is to help B2B businesses make a big impact in Sweden and the Nordic countries. Specializing in connecting IT, finance, manufacturing, and tech businesses with these markets, Accello offers deep local insights and tailored strategies to ensure companies stand out in these competitive environments. As a local partner, their expertise extends to market research, sales strategy development, and ...
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Electric cars share of UK market falls Manufacturers are feeling doubts over whether they can reach new green targets as electric cars share of Uk market falls for the first time annually. The share UK market has been rising each year and reached a peak of 16.6% of annual sales in 2022. In 2023, the share failed to increase and stayed at 16.5%. This has prompted manufacturers to be requesting tax ...
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UK Business activity Rise Economic output in the final quarter was expected to fall by most economists due to the slump in output from the manufacturing industry. However, the S&P Global flash UK composite output index, which measures the success of both services and manufacturing industries, has shown otherwise. It rose from 50.7 to 51.7 this month which is the most significant rise in the last 6 months. The surprising increase in the ...
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Conservatives split over immigration policies Division within the Conservative party exacerbated this week just before the vote on legislation aimed to revitalise plans to send asylum seekers to Rwanda. The original deal was announced in April last year where some asylum seekers arriving in the UK would be sent to Rwanda for processing and they could be granted refugee status upon arrival. The government had announced plans that anyone after 1 ...
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