Connect with us

Business

Australia knocks UK Brexit trade plan

The trade minister says splitting quotas of food imports could leave other countries out of pocket.

Published

on

Australia has criticised the UK’s post-Brexit trade plans to split quotas of food imports from around the world.

EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs.

After Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.

But Australian trade minister Steven Ciobo said it would impose unacceptable restrictions on their exports.

He told BBC Radio 4’s Today programme: “The point is that you have a choice about where you place your quota at the moment.

“Therefore, given that you could put it in the UK or you could put it into continental Europe, why would we accept a proposition that would see a decline in the quota available because of the Brexit decision?”

Dave Harrison, from Beef and Lamb New Zealand, agreed that its finances could be hit hard if they were not allowed to choose where to import more or less of their products.

He told Today: “We understand that Brexit causes a lot of difficulties for the European governments, but we don’t think third countries should have to take a hit in terms of their negotiated legal rights as a result of that.”

Shanker Singham, of The Legatum Institute, said the UK should talk to other countries about trade directly.

He added: “We should be going to them and saying we have the ability – once we take up our chair at the WTO [World Trade Organisation] – to do trade agreements with you that will include a certain amount of liberalisation, depending on what you are prepared to give us.

“But if you damage us on the way to reclaiming our seat on the WTO, we are not going to be able to do those deals with you.”

The US, Brazil and Canada are also said to have their doubts about the new deal, believing it could hit them financially.

A spokesman for the UK’s Department of International Trade told Today the government wanted to minimise disruption to trading relationships and would engage with other members of the World Trade Organisation in an “open, inclusive way”.

Countryside impact

Meanwhile, Tory MP Neil Parish, who chairs the environment, food and rural affairs committee in Parliament, raised concerns that if the UK’s exports to the EU were hit post-Brexit and more imports were coming into the country from further afield, it could affect industries on our shores.

Shadow international secretary of trade, Barry Gardiner, also said the wider implications could see an impact on the British countryside.

“As you affect farming, so you affect the way our country looks,” he said. “That means you also affect the tourist trade.

“These are huge decisions that are being taken and we must protect our farmers to make sure that our countryside looks the way we want it to. “

Business

How to buy Bitcoin, is it safe and what are the cryptocurrencies Iota and Ethereum?

THE cryptocurrency Bitcoin continues to dominate the news as the volatile currency keeps breaking records. Here’s everything you need to know if you’re thinking of investing in Bitcoin or one…

Published

on

By

THE cryptocurrency Bitcoin continues to dominate the news as the volatile currency keeps breaking records.

Here’s everything you need to know if you’re thinking of investing in Bitcoin or one of the other cryptocurrencies…

 Bitcoin is going from strength to strength - but how long can it last?Getty – Contributor Bitcoin is going from strength to strength – but how long can it last?

How do I buy Bitcoin?

The most common way to buy the currency is to download a broker app such as Coinbase and Blockchain.

These allow users to use a credit or debit card to exchange pounds for Bitcoin.

Users do not have to buy whole Bitcoins and can purchase a small percentage that matches the value of their cash investment.

Once a request has been made, online “miners” will decide whether to approve the transaction.

If approved, the money will be taken from a user’s account in exchange for Bitcoin.

When selling, users can use the same app to sell their Bitcoin in return for its cash value.

It is also possible to buy Bitcoin directly from sellers on other websites – bypassing the need for a broker.

There are fewer transaction fees in this case, but the process is a bit riskier and more complicated – especially for a beginner.

Investors can also buy Bitcoins by depositing cash at a nearby Bitcoin ATM.

These have been popping up in newsagents and can be found by Googling them or visiting Coin ATM Radar.

Is it safe to buy Bitcoin?

Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful.

Their values are volatile, with the ability to plummet as quickly as they shoot up.

And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online.

Be especially careful if you are using direct, peer-to-peer platforms to sell and buy cryptocurrencies.

These are the equivalent of something like Gumtree for Bitcoin – you never know who you might be dealing with.

Continue Reading

Business

Make sure you have the right ingredients to prepare a beverage for every guest this Christmas

It’s party season when friends and family love to drop in and have a drop. Here are some fantastic drinks recipes that will help you have a very merry Christmas. Mulled wine – 82p per s…

Published

on

By

It’s party season when friends and family love to drop in and have a drop.

Here are some fantastic drinks recipes that will help you have a very merry Christmas.

 These festive drinks are bound to please your guestsGetty – Contributor These festive drinks are bound to please your guests

Mulled wine – 82p per serving

(Serves 6)

 Nothing screams out Christmas like mulled wineAlamy Nothing screams out Christmas like mulled wine

Preparation time: 5mins

Cooking time: 5 mins

Each serving contains: 136cals (7% of an adult’s recommended daily allowance), 0g fat (0%), 0g sat fat (0%), 10g sugar (11%), 0g salt (0%)

YOU NEED:

  • 1 bottle red wine
  • 60g demerara sugar
  • 1 cinnamon stick
  • grated nutmeg
  • 1 clementine, halved
  • 1 dried bay leaf

METHOD:

  • Put the wine in a saucepan with the clementine, sugar, bayleaf and the spices.
  • Heat gently until the sugar has dissolved. Taste to see if you want the wine sweeter, and add more sugar to taste.
  • Strain into heatproof glasses and serve at once.
  • For an extra kick you can add in some gin. After taking off the heat add in 60ml of sloe or damson gin

Bucks Fizz – £3.03 per serving

(Serves 6)

 Bucks fizz is so easy to make Bucks fizz is so easy to make

Preparation time: 5mins

Each serving contains: 51cals (8% of an adult’s recommended daily allowance), 0g fat (0%), 0g sat fat (0%), 14.5g sugar (16%), 0g salt (0%)

YOU NEED:

  • 1 bottle Champagne, chilled
  • 1 litre freshly squeezed orange juice, chilled

METHOD:

  • Half-fill 6 glasses with Champagne
  • Carefully pour in the orange juice until the glass is full
  • You can swap champagne for sparkling wine or non alcoholic wine

 Head down to Morrisons to get the ingredients you need Head down to Morrisons to get the ingredients you need

Christmas hot chocolate – 39p per serving

(Serves 2)

 Nothing could be more perfect then downing some hot chocolate on a cold winter night Nothing could be more perfect then downing some hot chocolate on a cold winter night

Preparation time: 8 mins

Cooking time: 2 mins

Each serving contains: 173 cals (9% of an adult’s recommended daily allowance), 9g fat (13%), 5g sat fat (25%), 16.5g sugar (18%), 0.5g salt (8%)

YOU NEED:

  • 200ml full-fat milk
  • 4tbsp drinking chocolate powder
  • 30g dark chocolate, finely grated
  • ¼tsp ground cinnamon
  • A pinch of grated nutmeg
  • Canned squirty cream, marshmallows and decorations of your choice

METHOD:

  • Place the milk in a saucepan and heat gently until almost boiling hot. Alternatively heat in a microwave on HIGH/100% for 2-3 mins.
  • Meanwhile mix the drinking chocolate powder, grated chocolate, cinnamon and nutmeg in a heatproof jug until well combined.
  • As soon as the milk is about to boil, pour it into the jug, whisking with a balloon whisk (or stirring with a wooden spoon) as you do.
  • Immediately pour into cups and squirt a swirl of cream over the chocolate and decorate
  • TIP: Add 2tbsp of brandy or dark rum before heating to warm things up

Brendan Cox launches appeal in memory of his wife Jo Cox encouraging people to share mince pies with lonely neighbours at Christmas

Comments

Continue Reading

Business

More than 600,000 hard-up families at mercy of lending ‘sharks’ to cover the cost of Christmas

MORE than 600,000 hard-up families will take out extortionate payday loans to cover the cost of Christmas, a Sun on Sunday investigation can reveal. Some are being tempted into pocketing fast cash …

Published

on

By

MORE than 600,000 hard-up families will take out extortionate payday loans to cover the cost of Christmas, a Sun on Sunday investigation can reveal.

Some are being tempted into pocketing fast cash by festive-themed “introducer sites”, which coax them into the hands of lenders.

 Mum of four Sarah Carty who got stung with interest of 100% on a £600 payday loan she took out to cover the cost of ChristmasNorth News and Pictures Mum of four Sarah Carty who got stung with interest of 100% on a £600 payday loan she took out to cover the cost of Christmas

Borrowers can then be hit with huge interest rates — sometimes DOUBLE the loan amount — leaving them with terrible credit ratings, CCJs and crippling debt if they can’t pay.

The sites either host adverts for regulated loans companies placed by search engines, or pass details on to other genuine lenders with high interest rates.

One, Christmas LoansUK, hosts ads for lenders such as Cashflex.

ChristmasLoansUK owner Nicholas Massey, of Smethwick, West Mids, admitted to “misleading” people.

 Christmas Loans UK appears to be introducing customers into riskier deals Christmas Loans UK appears to be introducing customers into riskier deals

He said: “I’m not an official lender. I’m the middle man taking advantage of Google’s advertising programme.”

Britain seemed rid of Wonga-style payday lending after finance chiefs capped interest on loans of 30 days or fewer at £24 per £100 borrowed.

While this initially saw the number of borrowers fall from 1.4million to fewer than 500,000, the Money Advice Service expects a spike over Christmas.

Another site is MyQuick Loan, run by McCrory Finances Limited.

 Mum of three Debbie Hall took out a £500 loan with Wonga which she struggled to repay due to the high interest rates they chargedNorth News and Pictures Mum of three Debbie Hall took out a £500 loan with Wonga which she struggled to repay due to the high interest rates they charged

It offers a £400 loan for 90 days — outside the FCA’s 30-day cap — with interest of £161.92.

It warns rates could double if the customer is passed to another lender.

Owner John McCrory, of Macclesfield, Cheshire, said: “People know what they’re getting into — it’s clear.”

Mum-of-four Sarah Carty, 40, turned to a payday lender in December 2015.

 Is it taking out a loan this Christmas really worth the risk? Is it taking out a loan this Christmas really worth the risk? Lee Carter Lee is forced to take a payday loan in EastEnders

Continue Reading

sports

Sports6 hours ago

Pornhub star Mia Khalifa slammed for attacking WWE by stunning wrestler Eva Marie

PORN star Mia Khalifa has been taken down a peg by WWE women’s division hero Eva Marie after the porn...

Sports6 hours ago

Marko Arnautovic in row with former boss Mark Hughes after winding up Stoke fans during 3-0 West Ham win

DAVID MOYES was annoyed with Marko Arnautovic – but not half as much as Mark Hughes must have been. Former Stoke...

Sports6 hours ago

Antoine Griezmann edges closer to stunning Barcelona transfer as Catalan club’s president meets with his family in bitter blow to Manchester United’s hopes of landing striker

ANTOINE GRIEZMANN has moved a step closer to sealing a stunning transfer to Barcelona after the Catalan club’s president reportedly...

Sports6 hours ago

Billy Joe Saunders calls out Gennady Golovkin after stunning win over David Lemieux in Canada on Saturday

BILLY JOE SAUNDERS called out Gennady Golovkin after his stunning win over David Lemieux in Canada on Saturday night. The...

Sports6 hours ago

Tyson Fury brands heavyweight champion Anthony Joshua a ‘carthorse’ who can’t box

TYSON FURY has branded Anthony Joshua a “carthorse” and claims the heavyweight champion can’t box. The Gypsy King, 29, is hoping...

Sports6 hours ago

West Ham news: Slaven Bilic hits back at Hammers owner David Sullivan over claims he made all the flop signings

SLAVEN BILIC has hit back at West Ham chairman David Sullivan’s claims that the Croatian was responsible for poor signings....

Sports6 hours ago

Chris Froome: Former cycling chief Brian Cookson admits he knew about failed test when he backed Team Sky

EX-WORLD cycling chief Brian Cookson admitted he DID know Chris Froome had failed a drugs test when he called for...

Sports6 hours ago

West Brom vs Man Utd LIVE SCORE: Latest updates from Premier League clash

MANCHESTER UNITED visit West Brom as they aim to keep their faint title hopes alive. The Red Devils are in...

Sports6 hours ago

Sparta Rotterdam 0 Feyenoord 7 LIVE SCORE: Dutch champions making statement with thrashing away to local rivals

Feyenoord travel to the Generali Arena unbeaten in five games and a win could see them move  up to fifth in...

Sports6 hours ago

Verona vs AC Milan: Live stream, TV channel, kick-off time and team news for the Serie A clash

AC MILAN are preparing to face Hellas Verona for the second time in a week. The Rossoneri will be brimming...

Trending