BREXIT

British finance minister Jeremy Hunt will announce on Wednesday how he will try to speed up the world's sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation have left it lagging behind its peers.

Farming and Fishing are the two UK sectors most impacted by Brexit. Experts discuss what needs to be done to recover from Brexit and thrive in the future.

The European Union's executive body said on Wednesday it will finalise a long-delayed discussion forum for EU and UK financial regulators, once the deal on Northern Ireland has been implemented by Britain.

'Windsor Framework' marks a new chapter for UK-EU relations but DUP support remains uncertain.

British Prime Minister Rishi Sunak visited Northern Ireland on Tuesday to convince pro-UK unionists to back his breakthrough deal with the European Union that overhauls post-Brexit trading rules in the province.

The border is a delicate issue that was part of a 1998 peace deal to end decades of armed conflict in Northern Ireland.

The new "Windsor Framework" creates a check-free lane for goods coming from the rest of the UK that are intended to stay in Northern Ireland.

The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc.

British Prime Minister Rishi Sunak will meet European Union chief Ursula von der Leyen on Monday in an effort to finalise a new deal for Northern Ireland's post-Brexit trading arrangements.

British Prime Minister Rishi Sunak was set to meet Northern Ireland politicians on Friday as a flurry of diplomacy fuelled expectations that a deal to improve the post-Brexit trading arrangements for the province could be finalised within days.

Three years after its departure from the European Union, Britain is yet to benefit from the Brexit dividend that was promised for its economy as it lags its peers on multiple fronts, including trade and investment.

Britain and the European Union are unlikely to fundamentally change their underlying Brexit settlement, making sector-specific deals for financial services, fisheries and energy necessary to prevent more disruption, a report said.

Labour's slogan contrasts with the "Global Britain" promised by Boris Johnson when he took the country out of the EU at the start of 2020.

Cross-Channel train operator Eurostar complained Tuesday that slower post-Brexit passport checks for travellers are forcing it to run some services almost one-third empty.

More Brexit-related relocations from London and rise in trading increased the number of bankers earning more than a million euros a year in the European Union by more than 40% in 2021, the bloc's banking watchdog said on Thursday.

On leaving the European Union, Britain agreed to a protocol that lets Northern Ireland remain in the EU common market.

Spain's foreign minister said on Tuesday that Madrid and London were closing in on a deal to find a definitive solution settling the post-Brexit status of Gibraltar.

Britain's trade surplus in financial and related professional services edged up in 2021 as the United States cemented its position as the top customer, while the European Union eased in importance following Brexit.

Britain proposed over 30 reforms on Friday to bolster the City of London's role as a global financial centre, now outside the European Union and facing competition from Amsterdam, Paris and Frankfurt, as well as New York and Singapore.

The government has already said it plans to lift a cap on bankers' bonuses, and to require UK regulators to prioritise growth and competitiveness, alongside market stability.

The Bank of England and the government's independent spending watchdog have both said Brexit has hurt the UK economy and plunged it to the brink of recession.