What's happening? Scores of musicians leave Britain for Europe, and Northern Ireland is divided over trading arrangements. Mountains of paperwork and spiraling fees for tours in the European Union have triggered an "exodus of musicians" from the U.K., Isolde MacDonogh reports. She spoke to a trumpeter, a violinist and a cellist whose careers are suffering after the end of freedom of movement between EU countries. Covid-related lockdowns are part of that. The Brexit impact is long-lasting. Brexit will ruin more small U.K. businesses struggling to compete with bigger rivals that can afford lawyers and advisers to deal with red tape and logistical issue, according to a former joint head of the U.K.'s Government Economic Service, who gave evidence to a new commission on trade. More British students could attend Ivy League universities in the U.S. under the new Turing Scheme, aimed at strengthening transatlantic ties after the U.K. left the EU. It's designed to be wider-reaching than the EU's Erasmus program and to promote access for disabled students and those from disadvantaged backgrounds. Harvard University in Cambridge, Massachusetts. Photographer: Maddie Meyer/Getty Images North America Two top JPMorgan traders say Brexit is forcing a "meaningful change" in how they service clients. That includes moving staff to Paris and hiring locally, which "diverted resources from potential innovation." Read the full interview with Ksenia Galouchko here. Northern Ireland is divided on post-Brexit trading arrangements, according to polling data from Queen's University Belfast. While 43% agreed that staying in the EU's customs area and much of the single market was good, 44% disagreed. A separate BBC survey found 49% wanted to remain in the U.K., while 43% would prefer to leave. What's next for Northern Ireland? After some of its worst violence in years, with more than 70 police officers injured, Peter Flanagan breaks down who's been rioting and whether there's more trouble ahead. Truck drivers will no longer need a permit to enter Kent, the English county that's home to the port of Dover, before the cross the Channel to the EU. Joe Mayes reports that Kent Access Permits – or "Kermits" – were originally introduced to cut the risk of border chaos caused by hauliers with the wrong customs documents. The U.K. says truckers are arriving prepared, averting delays. — Lizzy Burden We aim to keep you up to date on how the U.K. navigates the world after Brexit. Got tips or feedback? Email us at beyondbrexit@bloomberg.net Chart of the WeekThe U.K.'s departure from the European Union pushed more than 440 financial firms to move at least some of their operations, staff, assets or legal entities from Britain to the bloc. That includes 126 asset management firms, 81 banks and 65 insurers, according to a report by New Financial, a London-based think tank. The moves so far have resulted in about 7,400 job relocations and some 900 billion pounds ($1.2 trillion) of assets to shift, roughly matching earlier estimates from consultancy EY. —Tom Metcalf Don't MissWant to keep up?You can follow us @Brexit on Twitter, and listen to Bloomberg Westminster every weekday. Share Beyond Brexit: Colleagues, friends and family can sign up here. For full EU coverage, try the Brussels Edition. Get More From BloombergYou can find all of our newsletters here, but here are some we think you'd particularly enjoy: Bloomberg is also tracking the progress of coronavirus vaccines and mapping the pandemic. Sign up here for our Coronavirus Daily newsletter and here for our podcast. Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and expert analysis. |
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