Five things CAs need to know this week: 7 January 2019
A look ahead to some of the things happening in business, accountancy and politics this week.
1. Brexit 'no-deal' rehearsals
A trial to test how roads leading to and from the UK's key ports would cope in the event of a 'no-deal' will be held this week.
Dubbed 'Operation Brock', the drill will involve around 150 lorries between Manston Airport and Dover and will involve sectioning off a 13-mile stretch of the M20 in Kent.
Lawmakers are due to vote on Theresa May's latest Brexit proposal in the week begging 14 January, with many commentators stating that the UK will face a no deal Brexit if the vote fails to gain enough support.
2. US and China to restart trade talks
US government representatives will travel to China this week to hold the first round of trade negotiations since Presidents Xi Jinping and Donald Trump proclaimed a ceasefire on the ongoing trade war between the two countries.
Deputy US Trade Representative Jeffrey Gerrish was quoted as saying he hopes to have "positive and constructive discussions with the Chinese side’s working group on implementing the important agreements reached by the two countries’ heads of state at their Argentina meeting."
3. Merkel to meet Greek leaders
Angela Merkel is set to meet Greek leaders in Athens this week in her first official visit since 2014.
The German Chancellor will meet with the Greek opposition leader Kyriakos Mitsotakis ahead of national elections due in October.
The New Democracy party leader said: “I have a good personal relationship with her and hopefully, if that is the will of the Greek people, I look forward to working with her after the next national elections.”
4. UK economic and housing data due to be released
Figures from the ONS due to be released on Friday are expected to show that UK economic growth has slowed on the three months ending in November, sitting at around 0.3%.
These sluggish figures could be in part the result of weak economic performance in the eurozone, with data on Monday likely to show that retail sales barely grew in the final quarter.
Data from Halifax released on Tuesday may show that house prices barely grew in 2018. It's not all doom and gloom though as this signals that houses are becoming more affordable.
5. Updates from Gateley, Safestpre and Shoe Zone
- Tuesday: Interim due from Gateley Holdings. Finals due from Safestore Holdings.
- Wednesday: Finals due from Shoe Zone.
- Thursday: Finals due from Robert Walters