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The latest local and national UK and International news.

Nearly 30 years-worth of Britain’s net EU budgetary contribution has just been lost in one click

Nearly 30 years-worth of Britain’s net EU budgetary contribution was lost in one click this week after Barclays announced it is to move €190 billion (£166 billion) worth of assets from the UK to Ireland in preparation for a possible no-deal Brexit. The bank said it "cannot wait any longer" to implement its Brexit contingency plan, which was approved by the high court on Wednesday. Assets linked to around 5,000 clients will be moved to a Dublin-based unit, which is expected...

Trump pulls out of nuclear weapons treaty with Russia

The Trump administration will end U.S. compliance with a landmark nuclear arms control treaty with Russia. Secretary of State Mike Pompeo said: "Russia has jeopardized the United States' security interests, and we can no longer be restricted by the treaty while Russia shamelessly violated it. “Countries must be held accountable when they break the rules." The U.S. said in December that it was unhappy with Russia’s development of certain weapons systems. Pompeo said. “Russia’s violation puts millions of Europeans and Americans at...

A third of UK firms may now move abroad because of Brexit

Industry bosses have warned that a third of British businesses are thinking of relocating abroad. The latest figures from the Institute of Directors (IOD) warn 16% of companies have already started the move, and 13% have now started actively planning it. The IOD surveyed 1,200 company directors and in shocking news for the British economy and UK jobs found only 62% confirmed that they have no intention of setting up outside the UK. This is a shocking vote of no...

Arron Banks and Leave.EU fined £120,000 by ICO

Leave.EU and an insurance company owned by Arron Banks have been fined £120,000 by the Information Commissioner’s Office (ICO) for serious breaches of electronic marketing laws during the referendum campaign. The ICO announced an audit and an intent to fine Leave.EU and Eldon Insurance in November 2018 as part of its investigation into data analytics for political purposes. After considering the companies’ representations, it has now issued the fines, which total £120,000. The ICO investigation found that Leave.EU and Eldon Insurance were closely linked and...

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