analysis
The UK faces critical trade decisions in 2025, impacting its economy and business confidence. Key focuses include rebuilding EU ties, advancing the GCC free trade deal, and addressing US-China dynamics under Trump. A clear, cohesive policy framework is urgently needed.
China Airlines introduces trousers for female cabin crew, marking a milestone in its 65-year history. Combining elegance and practicality, the new uniforms enhance mobility, safety, and comfort, reflecting the airline’s commitment to gender equality and employee well-being.
analysis
The UK’s re-entry into Horizon Europe in 2025 offers exciting opportunities for collaboration with Taiwan in green energy, AI, and healthcare innovation. Together, they can drive sustainable development, boost trade, and shape a more innovative global future.
Government Policies
The UK is expanding its electronic travel authorisation (ETA) scheme, requiring all non-British and non-Irish nationals to apply before entry. The rollout begins November 2024, with a £10 fee and a straightforward application process.
analysis
As the UK faces zero economic growth in Q3 2024, challenges like weak demand and policy uncertainty arise, but opportunities for Taiwanese businesses exist in innovation, talent acquisition, and sustainable projects. Collaboration could unlock long-term benefits.
News
UK inflation rose to 2.6% in November, driven by higher fuel, clothing, and housing costs. This marks the second consecutive increase, posing challenges for households and policymakers. The government and Bank of England face pressure to balance inflation control with economic growth.
News
Discover Steph Huang’s “See, See, Sea” at Tate Britain, an inspiring exhibition blending sculpture, sound, and film to explore humanity’s relationship with food, trade, and the sea. On until 5 January 2025, admission is free. Dive into this thought-provoking experience today!
News
Britain’s love for tea is waning, especially among younger generations. Traditional tea faces competition from herbal drinks, iced teas, and coffee. With sales declining, brands like Twinings are innovating with ready-to-drink options to stay relevant in the shifting market.
Event
UKTW.ORG’s October events showcased UK-Taiwan synergy, featuring “A Taste of Taiwan” in the UK and “UK Investment Trends” in Taiwan, with insights from Piers Gopsill. Thanks to sponsors like China Airlines UK & CBRE, the events fostered cross-border collaboration!
UKTW.ORG connects Taiwanese business with British companies to promote partnerships, supply chain relationships, and market entry strategies.
UK Export Finance partners with a business group to support female entrepreneurs, offering tailored training, networking, and export finance solutions. This initiative aims to close the gender gap in entrepreneurship and boost UK exports. Source: GOV.UK
The 6th UK-Taiwan Energy Dialogue highlights shared efforts in offshore wind, hydrogen tech, and carbon capture, strengthening ties for a sustainable future. This collaboration reflects a commitment to innovation and tackling global energy challenges together.
Tax hikes in the UK have sparked a 26.6% surge in Venture Capital Trust (VCT) investments, with £250.1m raised this year. Offering 30% tax relief and exemptions, VCTs appeal to higher earners, though experts warn of higher risks and liquidity challenges.
UK SMEs can unlock £9.3bn by exporting via e-commerce. Despite Brexit challenges, 66% have mastered EU customs, with 9% entering non-EU markets. Priorities include smoother customs, lower tariffs, and reduced trade barriers for easier global growth.
Meal-kit providers such as HelloFresh and Gousto are rethinking strategies post-pandemic, focusing on profitability and operational efficiency while navigating slowed growth. Global meal-kit revenue is projected to grow to $19.5bn by 2028.
The UK government plans to permanently cut business rates for retail, hospitality, and leisure properties from 2026, funded by higher taxes on top-value properties like large warehouses. Employers will also benefit from increased Employment Allowance.
If Donald Trump imposes a 20% tariff on all imports, UK exports could suffer a £22 billion blow, affecting sectors like fishing, petroleum, and mining. This could reduce UK economic output by 0.8%, and UK leaders are urging the US to reconsider the impact on allies.
The UK secures a £500 million investment from Prologis to expand Cambridge Biomedical Campus, creating over 2,120 jobs. This boosts biomedical research and supports the government’s goal for economic growth, following Chancellor Rachel Reeves’ first budget announcement.
The 2024 Budget introduces minimum wage increases, tax adjustments, and pension changes. Low-wage workers will see a pay rise, while inheritance tax and capital gains tax tighten. Meanwhile, bus fares and private school costs rise, with mixed reactions on job prospects and rental markets.
The London East Asia Film Festival 2024 features a stellar lineup of Taiwanese films, including Dead Talent Society, a dark comedy by John Hsu, and restored classics like Woman of Wrath. This diverse programme highlights Taiwan’s cinematic depth and creativity. Tickets available at LEAFF’s website.
Culture Secretary Lisa Nandy introduced a new tax relief to boost British indie films, aiming to support jobs and growth across UK regions. Pinewood Studios announced a new Indie Production Hub, while Skills England will address 25,000 creative industry job vacancies.
