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BBC News
20-05-2025
- Politics
- BBC News
'Like octopus, the UK/EU deal is a mixed blessing for the SW'
The population spike in the Mediterranean common octopus is a mixed news if you want to catch crab or lobster, and doubly bad news if the octopus eats your crab or lobster and then escapes so you do not get to land an octopus octopus is valuable catch in its own right - a fishmonger once told me a story about a crab boat which returned to port with pots full of octopus which had eaten all the captive crabs. The octopus earned the crabber almost twice as much as the crabs would have done. 'Used and abused' But the lucrative market for the octopus - like most of our native fish and shellfish - lies across the Channel in continental UK/EU deal is another mixed blessing for the South the UK catching sector - the people who risk life and limb going to sea - it's another huge disappointment, if hardly a campaigners during the EU referendum campaign talked up a bright future for the industry outside the Brexit deal struck by Boris Johnson's government in 2020 did return some fish quota to the UK - though the main beneficiary was the pelagic fleet in great failing in the eyes of the industry was its failure to exclude EU boats from the UK's six to twelve-mile (10 to 19km) inshore Cornish Fish Producers' Organisation said the industry had been "used and abused". Inshore waters access The Johnson government suggested a better outcome could be brokered when the deal came up for review in we have reached that point and the present government has agreed to foreign access in inshore waters continuing for at least another 12 plans to remove regulatory barriers for exports are - so to speak - another kettle of fish we left the European Single Market, selling fish to France was a simple as selling it within the we left - and under the terms of the Johnson deal - a raft of complicated and costly regulation engulfed exports to the businesses warned they were struggling to cope with something which had previously been so say they have since seen huge cuts to their trade. The especially unlucky ones have gone under - blaming Brexit and its rules in question apply not just to fish but to food exports more them away could allow many business to recover and expand - and, in some cases - stay in business in the first place.
Business Insider
28-04-2025
- Business
- Business Insider
Malta's Growing Appeal as a Business Hub: Papers Malta Supports Entrepreneurs Looking to Establish a Presence
Malta is emerging as a top business destination, attracting global entrepreneurs with its favorable tax system, legal stability, and EU market access. Papers Malta supports this growth by helping companies register in Malta through comprehensive, expert-led services tailored to ease the setup process. Malta, April 28, 2025 -- Malta, April 23, 2025 – Malta's growing appeal as a prime business destination is driven by its favorable tax regime, stable legal system, and strategic location in the Mediterranean. As more international businesses look to register a company in Malta and establish themselves in Europe, Papers Malta is helping entrepreneurs navigate the process with ease. Malta has long been recognized as a business hub for its competitive corporate tax rates and its membership in the European Union, which provides businesses with direct access to the European Single Market. The country's legal system, based on English common law, further bolsters its attractiveness, offering stability and legal certainty for international entrepreneurs. 'As Malta continues to gain recognition as a leading jurisdiction for international business, we're proud to help entrepreneurs and companies establish a presence here,' said Joss Delarousse, Managing Director at Papers Malta. 'We specialize in simplifying the company registration process, offering tailored solutions to help our clients succeed in this growing business environment.' Malta's Competitive Advantages for International Businesses The growing trend of companies incorporating in Malta is driven by several key advantages: Favorable Tax Regime: Malta offers one of the most competitive corporate tax rates in Europe, along with a wide network of tax treaties, making it an attractive option for businesses seeking to optimize their tax liabilities. Access to EU Markets: As a member state of the European Union, Malta provides direct access to the European Single Market, enabling businesses to easily expand across Europe. Stability and Legal Certainty: Malta's legal framework, based on English common law, offers a reliable and familiar system for international businesses, ensuring legal security and transparency. Streamlined Company Registration in Malta Papers Malta is committed to guiding entrepreneurs through the entire company registration process in Malta, from initial steps to post-incorporation support. Whether clients are new to Malta or expanding their operations, Papers Malta offers the following services: Company Name Reservation: Ensuring the business name is available and officially reserved before registration. Legal Document Preparation: Drafting and submitting necessary documents, such as the Memorandum and Articles of Association, to the Malta Business Registry. Corporate Bank Account Setup: Assisting with the setup of a corporate bank account, which is essential for business operations in Malta. Post-Incorporation Support: Offering ongoing services, including accounting, tax filings, compliance, and other business services. A Business-Friendly Ecosystem Malta's growing reputation as a European business hub is attracting a wide variety of businesses. With a stable economic environment, favorable regulatory conditions, and access to skilled talent, Malta is increasingly the go-to location for companies looking to register company in Malta and establish a presence in Europe. 'We understand that the process of setting up a company in a new jurisdiction can be complex,' said Joss Delarousse, Managing Director at Papers Malta. 'That's why we provide a comprehensive service that simplifies the entire process, helping clients focus on growing their businesses with confidence.' About Papers Malta Papers Malta is a leading provider of company registration and corporate services in Malta. Specializing in offering tailored solutions for businesses looking to expand into Malta or set up new ventures, Papers Malta combines expertise in business law, tax planning, and corporate governance. The firm helps clients navigate the complexities of establishing operations in one of Europe's most business-friendly jurisdictions. For more information, visit: About the company: Papers Malta is a leading provider of company registration and corporate services in Malta. Contact Info: Name: Joss Delarousse Email: Send Email Organization: Papers Malta Website: Release ID: 89158164 Should any errors, concerns, or inconsistencies arise from the content provided in this press release that require attention or if a press release needs to be taken down, we kindly request that you immediately contact us at error@ (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will be at your disposal for timely assistance within 8 hours – taking necessary measures to rectify identified issues or providing guidance on the removal process. We prioritize delivering accurate and reliable information.
Scotsman
22-04-2025
- Business
- Scotsman
SNP say Labour must ‘wake up to economic reality' as IMF slashes global growth forecasts
The Chancellor will head to the US this week Sign up to our Politics newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The SNP has urged the UK Government to 'wake up to economic reality' after the International Monetary Fund (IMF) slashed global growth forecasts. Publishing its world economic outlook, the IMF warned tariffs were causing global trade disruption and unprecedented uncertainty, with the UK economy predicted to grow by 1.1 per cent this year, 0.5 per cent less than January's forecast. Advertisement Hide Ad Advertisement Hide Ad The organisation said it is slashing its global growth forecast by 0.5 percentage points this year, with nearly all countries seeing a downgrade. Responding, SNP economy spokesperson, Dave Doogan MP said: "Growth slashed, unemployment rising and the cost of living soaring - this is a far cry from the change voters were promised by the Labour Party before the election. It's not good enough to blame global events when it is policies from the Labour Government - be it National Insurance rises or Brexit - that are hammering businesses and public services in the here and now. "The Labour Party keep telling us the world has changed, but for those words to mean anything then there must be a response to match the weight of the IMF warnings today - so far that's been missing from Sir Keir Starmer with no meaningful move towards alignment with the EU and a dedication to fiscal rules unfit to shelter us from the global economic storm clouds that are fast gathering. 'The EU is where most European nations seek both economic and national security, yet we find ourselves isolated in broken, Brexit Britain scraping around for a deal on minor changes to food standards while we are being whacked by Trump tariffs - the Labour Party needs to wake up to the reality that any economic deal with the United States will always pale in comparison to the benefits of the European Single Market. Advertisement Hide Ad Advertisement Hide Ad "The IMF has forecasted an economic storm headed directly for these islands and it's time Westminster got its head out the sand, stopped playing to Farage's tune and looked to our reliable allies in Europe for protection and economic growth.' Despite the revised forecasts, growth will nonetheless be stronger in the UK than Germany – which is predicted to flatline this year – France, and Italy. Meanwhile, inflation forecasts have been revised upwards for advanced economies since January, with the UK and the US being hit hardest. Dave Doogan MP. The latest World Economic Outlook report was produced under 'exceptional circumstances', with the IMF being forced to change its projections after US President Donald Trump unveiled a range of new and higher tariffs earlier this month. Advertisement Hide Ad Advertisement Hide Ad UK inflation is set to be 0.7 percentage points higher this year, compared with the previous forecast, at 3.1 per cent– largely due to prices like water and electricity rising from April. This is higher than all other countries in the group of seven advanced economies (G7), which incorporates Germany, France, Italy, Japan, Canada, and the US. Chancellor of the Exchequer Rachel Reeves said the new forecasts show 'the UK is still the fastest-growing' European country in the G7. 'The IMF have recognised that this Government is delivering reform which will drive up long-term growth in the UK, through our Plan for Change,' she said.
Local Norway
17-02-2025
- Business
- Local Norway
Norway's finance minister warns of trade war 'triple squeeze'
Speaking at the conference this weekend, Jens Stoltenberg, the country's finance minister, warned that tariffs and counter-tariffs could rock the country. 'Norway could be hit by a triple squeeze. First, we could be hit by tariff walls in the US, which affect companies that sell goods from Norway to the US. Then, we could be hit if the EU implements countermeasures and [Norway] comes outside of them. Then we fall between two chairs,' he said at the Munich Security Conference on Sunday. 'Thirdly, Norway could be affected by a comprehensive trade war that could affect growth in the world economy with rising prices and interest rates. This would also affect the Norwegian economy,' Stoltenberg added. The tariffs, set to take effect on March 12th, will apply without exception, according to Trump, who also hinted that they "could be higher." European Commission President Ursula von der Leyen has said the EU would retaliate against sanctions. Norway has access to the European Single Market through the European Economic Area Agreement, but it is not a part of the customs union – meaning it could also be subject to EU tariffs. The country's government has been working to strike a deal with the EU that would exempt Norway from counter-tariffs. During the conference, Stoltenberg met with EU Trade Commissioner Maros Sefcovic. 'He is an old friend and one who understands the Norwegian points of view,' Stoltenberg said.
