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Share Price: 139.15
Bid: 139.10
Ask: 139.20
Change: -0.80 (-0.57%)
Spread: 0.10 (0.072%)
Open: 139.85
High: 140.65
Low: 138.20
Prev. Close: 139.95
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UK govt admits return of mobile roaming charges in no-deal Brexit

Thu, 07th Feb 2019 11:55

(Sharecast News) - Britons face a return to exorbitant mobile phone roaming charges if the UK crashes out of the EU without a deal, the government admitted on Thursday.The move was confirmed by Culture, Media and Sport Secretary Jeremy Wright after he was summoned to parliament to answer an emergency question tabled by Labour deputy leader Tom Watson.A government regulation was laid unannounced in parliament on Tuesday that would revoke the existing law that guarantees no extra charges for mobile phone usage within the 28 member bloc.Watson accused the government of caving in to the "lobbying might of telecoms companies" after it emerged that it had rejected calls from consumer bodies to maintain the current regime.In an explanatory note to go with the legislation, the government said it had decided "not to adopt this proposal"."The Roaming Regulation establishes harmonised rules across the EU which underpin surcharge-free roaming, and these will become inoperable after exit. In addition, the costs of regulating retail roaming charges without harmonised wholesale charges may lead to roaming becoming unaffordable for many operators." it stated.Wright said operators have claimed they had no plans to increase tariffs after March 29, when Britain leaves the EU, although Watson expressed scepticism that they would stick to this arrangement."He and I both know, and more importantly voters know, what that phrase really means. The reason the EU introduced free roaming in the first place is because the telecoms companies could not be trusted to give consumers a fair deal," Watson said."This is how holidaymakers have been hit by Brexit chaos. First, the value of the pound has plummeted, thus increasing the cost of family holidays. Secondly, we will have to pay for visas to travel to the EU. Thirdly, we will be hit by a Brexit bill to use our mobiles abroad.""If the Secretary of State does not want to go down in history as the Minister for the Tory triple whammy tourist tax, I suggest that he adopts a different course."Roaming charges were axed in 2017 after the EU concluded operators were taking advantage of consumers who used their phones abroad. The move had been initially opposed during consultations by the the Labour government of Tony Blair, which was heavily lobbied by the industry.
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2 Feb 2023 08:01

REPEAT: Shell sets USD4 billion buyback; ECB and BoE decisions ahead

(Alliance News) - Stocks in London are set to open higher on Thursday, after the US Federal Reserve, as expected, stepped back its pace of interest rate hikes to 25 basis points.

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2 Feb 2023 08:00

LONDON BRIEFING: Shells sets USD4 billion buyback; ECB and BoE ahead

(Alliance News) - Stocks in London are set to open higher on Thursday, after the US Federal Reserve, as expected, stepped back its pace of interest rate hikes to 25 basis points.

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2 Feb 2023 07:01

BT sees third-quarter revenues dip

(Sharecast News) - BT Group reiterated its full-year outlook on Thursday, despite seeing third-quarter revenues slip.

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27 Jan 2023 07:56

LONDON BRIEFING: Direct Line CEO Penny James out after profit warning

(Alliance News) - Stocks in London were called to opened higher on Friday, after a good day in New York on Thursday following some better-than-expected US GDP figures.

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27 Jan 2023 05:54

BT to take on 400 apprentices and graduates in September

(Alliance News) - BT Group PLC is to recruit more than 400 apprentices and graduates later this year, the FTSE 100-listed telecoms firm has announced.

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26 Jan 2023 15:45

UK earnings, trading statements calendar - next 7 days

Friday 27 January 
Aberforth Smaller Companies Trust PLCFull Year Results
GCP Infrastructure Investments LtdTrading Statement
Getech Group PLCTrading Statement
Industrials REIT LtdTrading Statement
Paragon Banking Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
YouGov PLCTrading Statement
Monday 30 January 
Computacenter PLCTrading Statement
DP Eurasia NVTrading Statement
Porvair PLCFull Year Results
Ryanair Holdings PLCQ3 Results
Sthree PLCFull Year Results
Tuesday 31 January 
abrdn Private Equity Opportunities Trust PLCfull Year Results
Applied Graphene Materials PLCFull Year Results
Ecora Resources PLCTrading Statement
Ince Group PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Uru Metals LtdFull Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Wednesday 1 February 
Entain PLCTrading Statement
FDM Group Holdings PLCTrading Statement
Glencore PLCTrading Statement
GSK PLCFull Year Results
Restore PLCTrading Statement
UK Commercial Property REIT LtdTrading Statement
Virgin Money UK PLCTrading Statement
Vodafone Group PLCTrading Statement
Thursday 2 February 
Airtel Africa PLCQ3 Results
BT Group PLCQ3 Results
Cranswick PLCTrading Statement
JTC PLCTrading Statement
Jadestone Energy PLCTrading Statement
NCC Group PLCHalf Year Results
Renishaw PLCHalf Year Results
ScS Group PLCTrading Statement
Shell PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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26 Jan 2023 05:50

UK broadband firms urged to axe mid-contract exit fees as prices rise

(Alliance News) - Broadband firms in the UK have been urged to drop penalties for customers leaving mid-contract amid concerns of impending "exorbitant" price rises or exit fees of more than GBP200.

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23 Jan 2023 10:48

Ofcom to investigate BT's customer contract information compliance

(Alliance News) - Ofcom has opened an investigation into BT Group PLC's compliance with its obligation to provide customers with clear and simple contract information before they sign up to a new deal, the regulator has announced.

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20 Jan 2023 08:56

Landsec names Ian Cheshire chair

(Sharecast News) - City veteran Ian Cheshire has been named chair designate of Land Securities Group.

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20 Jan 2023 08:37

TOP NEWS: Land Securities taps former Kingfisher CEO Cheshire as chair

(Alliance News) - Land Securities PLC on Friday said it appointed Ian Cheshire as chair to take over from Cressida Hogg in May.

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10 Jan 2023 10:11

LONDON BROKER RATINGS: Jefferies likes Inchcape; HSBC cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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9 Jan 2023 10:10

Citi upgrades BT Group to 'buy'

(Sharecast News) - Citi upgraded BT Group to 'buy' from 'neutral' on Monday as it argued that pricing momentum could offset free cash flow headwinds.

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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9 Jan 2023 08:52

LONDON MARKET OPEN: FTSE 100 hits near four-and-a-half year high

(Alliance News) - London's FTSE 100 reached heights not seen since 2018 in early trade on Monday, as optimism out of China and hope that the US Federal Reserve will slow its pace of rate hikes lifted the mood.

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9 Jan 2023 07:26

Vodafone to receive $1.8 bln from sale of Hungarian unit

Sells Hungarian unit to 4iG and Hungarian state

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