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The UK-EU Brexit trade agreement: a good deal for business?

The Trade and Cooperation Agreement (TCA) between the UK and the EU agreed just before Christmas was hailed by the Prime Minister as a deal which offers significant new freedoms for the UK (as compared with EU membership), whilst at the same time providing certainty and substantial economic benefits for business. But how far do those claims match what the agreement actually says? 

Frameworks for standards for non-financial reporting

The Department for Business, Energy and Industrial Strategy ("BEIS") has published its Final Report: Frameworks for standards for non-financial reporting ("NFR") (the "Report") which sets out the preferences of key U.K. stakeholders around NFR standards. Whilst established reporting standards and accounting principles for financial reporting are available to businesses, the Report notes there is no equivalent for NFR despite there being a number of key drivers for the publication of this information (set out below) and so, although the purpose of this research is not to endorse a specific framework, BEIS hopes that it may support future studies exploring potential changes to policy in this area.

EU turns the screw on Big Tech: the Digital Services Act Package

The European Commission has unveiled proposals aimed at overhauling the digital market, including the way in which big tech businesses operate in the EU. They are aimed at increasing the responsibility of certain tech businesses for the way in which they operate and connect customers to goods, services and content – and there will be scope to impose significant fines for non-compliance.

UK and EU reach Brexit trade deal – good news, but still expect some disruption in 2021

The announcement that the UK and EU have (at long last) reached agreement on the trade aspects of their future relationship is obviously very welcome news for business. In particular, it avoids the prospect of an acrimonious break with the UK's biggest trading partners and will mitigate some (but by no means all) of the adverse trade impacts of the UK leaving the EU Single Market and Customs Union.

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