United kingdom

The global trading system is in disarray. Global economic growth is slowing, half the G20 are now operating under openly protectionist agendas, and tensions between China and the United States remain high – despite faint promise of a truce earlier this year. But over in the UK, all of this is overshadowed by the continuing dispute over Brexit. The nation is bitterly divided, and we are fast approaching what could constitute a national crisis.

EORI numbers – or economic operator indicator numbers – are essential for exporters. Based off a company’s VAT number, an exporter needs an EORI in order to complete a Customs Declaration. Till now, UK businesses have not needed to complete such documentation in order to sell into Europe, but this will change with Brexit.

Our departure from the EU will give the UK the ability to take control of its own independent trade policy for the first time in more than 40 years.

Distributed Ledger Technology (DLT) has been around for several years and has its roots in the world of cryptocurrencies, often referred to as Blockchain. Having brought some very interesting opportunities to the Banking market, attention was sparked in other industries such as Insurance, Healthcare, Shipping, Supply Chains, Manufacturing and Trade Finance.

In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome

London, 31st July 2019. Trade Finance Global (TFG) are delighted to announce a media partnership with The London Institute of Banking & Finance for the 23rd World Conference of Banking Institutes (WCBI) on the 16th September 2019.

Boris Johnson has now formally accepted the Queen’s invitation to form a government. TFG heard from leaders in trade, treasury, export and finance.

The Brexit calamity continues, as Boris Johnson takes to No 10 Downing Street following the Conservative Party Ballot Paper result, taking strategic control of the UK government.

Brexit continues to cause changes to the UK construction industry, with impacts ranging from a freeze/slowdown in trade to the decreasing availability of construction workers from overseas. The risky construction sector is showing contraction due to the longer-term uncertainty.

The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.

The most recent version of the EU Federation (EUF’s) Industry Standard Whitepaper has been recently updated and published with the finalised market data for 2018

Coltraco Ultrasonics Limited’s Carl Stephen Patrick Hunter explores the opportunities and challenges that British exporters face and identifies some tips to help them achieve their goals.

Sullivan’s Geoffrey Wynne highlights the key legal and regulatory themes to pay attention to in 2019.

UKEF’s Richard Simon Lewis highlights the key steps that UK exporters can take to maximize their export opportunities. Trade is a vital part of the government’s industrial strategy, and the… read more →

Co-chairmen of the British Exporting Association (BExA), Marcus Dolman and Geoffrey De Mowbray, discuss the challenges and support needed for UK exporting. In the face of unprecedented levels of political… read more →