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What the next delay on Brexit imports means for your goods

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There’s yet another delay on the post-Brexit system for imports

The government has delayed introducing more checks on EU goods entering the UK over fears it will disrupt supply chains and add to rising inflation.

New import controls on EU food products was set to begin in July.

The government said “it would be wrong to impose new burdens and risk disruption at ports”

This comes at a time of higher costs due to the war in Ukraine and rising energy prices.

It is the fourth time the government has delayed EU import checks since the UK left the EU.

The UK government is now reviewing how it would implement checks and says a new regime will come into force at the end of next year.

The government’s plan is that a new digital trade border, applying to the whole world, will be in place by 2023.

This will mean that only a tiny proportion of the physical checks on food imports due to have rolled out from this July will be needed.

But not everyone is happy, ports, which have spent millions of pounds gearing up for the checks, said they had been “landed with the bill of the government Brexit border U-turn”.

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Money

Xi Jinping is taking over China’s sharemarket

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China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.

 
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.

The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.

Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
#featured

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Investors worry as Tesla misses targets

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Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.

 
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.

In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.

This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured

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Is the housing market surge a bubble waiting to burst?

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The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.

 
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.

Over the past year, the real estate landscape has been anything but predictable.

But the surge in demand has been met with a limited supply of available homes.

Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured

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