Media

In the Media

The Independent | Brexit must happen before we will consider trade deal with UK, US says

27 Jul 2016
|
Regions: 
EU/Eurozone,
UK

The US will not start bilateral trade negotiations with the UK before it has split from the EU, according to the Government's trade representative.

"Some of the skills exist in Whitehal and people will need to be hired from around the UK. My guess is that the Government should do what it says it will do and look for expertise outside the UK," said Gregor Irwin, chief economist at Global Counsel, who worked in the foreign office for six years.

The Straits Times | Ex-minister says Britain likely to woo Asian business

16 Jul 2016
|
Regions: 
UK,
Asia,
ASEAN

The new British government is likely to roll out incentives to entice Asian businessmen to stay put in Britain even as it carves out a new life outside the EU.

This silver lining, which may help offset years of roiling uncertainty as Britain constructs a new relationship to replace its membership of the European Union, was pointed out by Lord Peter Mandelson, a former Cabinet minister, who was in Singapore on a business visit as chairman of the London-based strategic advisory firm Global Counsel.

The Guardian | UK turns to Canada for advice on striking post-Brexit trade deals with EU

15 Jul 2016
|
Regions: 
EU/Eurozone,
UK,
Americas,
Multilateral

Gregor Irwin, chief economist at the Global Counsel consultancy and a former chief economist at the Foreign and Commonwealth Office, said the government had people who understood trade policy, but did not have negotiators.

“No doubt people will have to be brought in from outside. They will look to get people wherever they can find them, and Canada and New Zealand would be good places to look. This is a huge agenda and it’s a long process.”

Euromoney | Weak UK economy ties Bank of England’s hands on FX intervention

14 Jul 2016
|
Regions: 
EU/Eurozone,
UK

New UK prime minister Theresa May is busy shaping her administration at 10 Downing Street, but it is events taking place barely two miles away, at the Bank of England on Threadneedle Street, that are exercising the minds of those trying to predict where the pound goes next.

Gregor Irwin, chief economist at advisory firm Global Counsel, agrees that the Bank of England will not intervene directly in the FX market to prop up the pound and says the Bank's Monetary Policy Committee (MPC) will be seriously considering loosening monetary policy over the coming months.

Bloomberg | Know how to strike a trade deal? Brexit Britain wants you, fast

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

Lawyers, consultants and even retired civil servants with relevant experience will be in higher demand than ever. The need is acute because the U.K. hasn’t struck a trade deal on its own since the early 1970s, when it joined the precursor to the EU.

“This is undoubtedly going to be a vast endeavor,” said Gregor Irwin, chief economist at London consultancy Global Counsel and a former U.K. Foreign & Commonwealth Office official. “There is almost no capacity at the moment, and virtually no one in government with serious negotiation experience.”

Reuters | Wanted: foreign trade experts to help UK hammer out new deals

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

After last month's Brexit vote, Britain faces the challenge of carving out trade deals with the rest of the world, but a key thing is missing: a strong team of trade negotiators.

Britain will also need to create and find staff for a new office to investigate possible dumping of goods in the country, a separate and equally complex discipline within international trade, says Stephen Adams, a partner with consultancy Global Counsel.

Borderlex | Getting real about the UK’s post-Brexit trade policy options

13 Jul 2016
|
Regions: 
EU/Eurozone,
UK

United Kingdom officials need to get real on their country’s chances to seal trade agreements quickly after Brexit. A long road lies ahead, argues Daniel Capparelli.

Former UK Europe minister David Davis, ahead of his nomination to Secretary of State for Leaving the EU, set out a post-Brexit manifesto for UK trade policy. In both substance and form, his vision is a synthesis of a range of proposals raised by the leave camp during the referendum campaign.

The Straits Times | Britain's housing market remains strong

Author: 
8 Jul 2016
|
Region: 
UK

The outlook for commercial real estate will be determined by many factors, including the nature of the deal struck with the European Union and prospects for Britain's growth in the coming decades.

For residential real estate, however, despite current jitters, there are a number of economic and political factors that are likely to sustain housing values in Britain over the medium to long term.

Euromoney | The cities seeking to take London’s FX crown

30 Jun 2016
|
Regions: 
EU/Eurozone,
UK

Gregor Irwin, chief economist at Global Counsel, a strategic advisory firm, says FX business that leaves London is most likely to go to Frankfurt or Paris for reasons of scale and that other European financial centres would struggle to compete.

"In practice, we are likely to see competition between the two, with one of them likely to emerge over time as the winner," he says.

Policy Network | No going back to business as usual

30 Jun 2016
|
Regions: 
EU/Eurozone,
UK

There are few countries in the world where the economic consequences of Brexit will be felt more keenly than the Netherlands, which, according to a recent report by consultancy firm Global Counsel, is the EU member state most exposed to Brexit in terms of trade, investment and financial links.

But the political impact could be even greater.