NewsBeat
UK business news today: What went wrong with HS2
Britain is expected to edge closer to inking in a long-anticipated free trade agreement with the oil-rich Gulf nations. The six Gulf Cooperation Council states – Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait – are on the verge of signing the deal after two years of talks with the British government. Jasem al-Budaiwi, secretary-general of the GCC, in London this week, is likely to finalise the remaining detail before returning to brief the members ahead of a formal signing. It will be seized upon by both sides as a welcome boost. Here, Sir Keir Starmer’s regime is under pressure, while the GCC members are having to contend with the US-Israeli war against Iran, drone and missile strikes and disruption to oil and gas shipments, and harm to their previously booming economies. UK principal beneficiaries are likely to be luxury cars, financial services, industrial goods, food and drink.
You must be logged in to post a comment Login