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Fees of up to £145 on EU animal and plant products through Dover and Folkestone begin on 30 AprilBusiness live – latest updatesTrade groups have warned that consumers could see a rise in food prices after the UK government announced the introduction of post-Brexit charges on imports of EU food and plant products later this month.The government has published details of fees – known...

Prime minister Anthony Albanese says China’s duties on Australian bottled wine will come to an end from FridayGet our morning and afternoon news emails, free app or daily news podcastChina has dropped tariffs on Australian wine, a long-awaited decision heralded by the Albanese government as validation of its “calm and consistent approach” with the superpower on a series of controversial trade disputes.In a statement...

Costs are escalating amid delays, according to British Chambers of Commerce research that shows UK exporters have also been hitMore than half of UK retailers and exporters have been affected by the disruption to Red Sea trade from Houthi rebel attacks on cargo ships, research by a leading business lobby group suggests.The price of shipping a container from Asia to Europe has gone up...

Authority weighs up legal action against government over new checks on imported meat taking place 22 miles inlandThe Port of Dover could become a target for criminals smuggling illegal and diseased meat into the country under new post-Brexit plans that will involve lorries from the continent being checked 22 miles inland, the port’s health authority has warned.The Dover Port Health Authority (DPHA) is now...

Both banks deny helping Tehran-controlled oil firm PCC to move money in breach of sanctionsTwo of the UK’s largest lenders, Santander UK and Lloyds Banking Group, allegedly held bank accounts for front companies that helped Iranian entities evade US sanctions, according to reports.The news has rattled investors, who sold off shares in the two banks on Monday morning, amid fears that the lenders could...

Live, rolling coverage of business, economics and financial markets as Canada says UK was unwilling to give access to agricultural productsFull story: UK suspends trade talks with CanadaEuropean inflation could fall faster than previously expected according to a survey of EU economists – the flip side of lower output in the bloc’s largest economy.A survey by the European Central Bank said that headline inflation...

Talks that began in 2022 halted amid unhappiness on both sides about lack of access to agricultural marketsThe UK has halted trade talks with Canada, with discussions breaking down after a disagreement over beef and cheese.The two countries have been negotiating for the past two years in the wake of Britain leaving the European Union, with trade continuing under the same deal brokered when...

Exclusive: NFU warns blanket import checks from April could fuel long delays and damage future cropsThe UK’s fruit and flower growers face an “existential threat” from new post-Brexit border checks that could damage business and affect next year’s crops, the country’s biggest farming body has said.The National Farmers’ Union (NFU) warned that changes to import rules in April, which will impose checks at the...

Delays in delivery of parts result in suspension of manufacturing at factory near Berlin for two weeksMiddle East crisis – latest updatesThe electric car manufacturer Tesla is to halt most production at its factory near Berlin for two weeks because of delays in deliveries of parts because of attacks on ships in the Red Sea.Shipping delays in the Red Sea, caused by attacks by...

Secretary general urges countries to increase investment to avoid falling behind on climate action and sustainable developmentThe world faces a protracted period of weak economic growth that will undermine progress on sustainable development, the UN has warned, as it urged countries to raise investment to tackle the climate emergency.Its annual assessment of the state of the global economy presents a sombre outlook for growth...

Many UK cheese makers could face 245% duty from 1 January, making exporting unaffordable A priceless opportunity to sell “more affordable high-quality cheese to Canada” was one of those many Brexit boons that Boris Johnson championed with his customary blather as prime minister.A bespoke UK-Canada trade deal was going to open up the Canadian market to cheddar, stilton and wensleydale in a way that...