May attempts to comfort business concerns surrounding Brexit

May attempts to comfort business concerns surrounding Brexit

November 21st,  CBI annual conference Following Prime Minister Theresa May’s speech on Brexit at the CBI annual conference on Monday, where she acknowledged businesses’ desire to avoid a “cliff edge”, May guaranteed premature concessions in relation to the standing of UK and EU nationals in Europe and the UK respectively. Many businesses have empathized their concerns and have pushed for an intervention to allow them to trade as normal, post-Brexit. May expressed her understanding around these worries of trade and regulation following Brexit leaving the EU, however withheld plans surrounding…

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Speculations surrounding Mark Carney future brought to an end

Speculations surrounding Mark Carney future brought to an end.

Mark Carney, Governor of Bank of England (BoE) and Chairman of the G20’s Financial Stability Board advised he will stay on at BoE, on the same day the Pound was appointed October’s worst performing currency. Carney has been managing Britain’s economy for the past three years and will remain at the BoE until end of June 2019 to see out turbulent Brexit negotiations. He will undertake the task of protecting the UK economy over the negotiations of Brexit that begin in March 2017. Carney will forfeit 3 additional years of…

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QuickBooks Get Connected 2016 London

Quickbooks Get Connected 2016

QuickBooks Get Connected 2016 will be held in Altitude London, bringing together hundreds of industry experts and accountants for a day of networking, thought leadership and guidance to gain a competitive advantage in their market. The TransferMate team will be represented by Anthony Mulligan and David Cahill and will be showcasing our free multi-currency add-on in the App Zone on the day. The guys will be on hand to answer any of your enquiries so feel free to drop by our stand. There will also be a number of guest…

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Budget 2017 and the impact on Irish Businesses

Budget 2017

This week’s focus turns to Ireland’s Minister for Finance, Michael Noonan as he revealed Budget 2017. Noonan addressed the Dáil with the following introductory statement: The UK’s decision to exit the EU represents a real risk to our economy given the close links and the high level of trade between us. Around 16% of Irish exports go to the UK, but 40% of indigenous company exports go there. In turn, Ireland is the UK’s fifth biggest export market. Over €1.2 Billion of goods and services are exchanged between us on a weekly…

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Brexit Fallout Spells Estimated £38 billion loss for the British Financial Industry

Brexit Fallout Spells Estimated £38 billion loss for the British Financial Industry

The British Financial Industry could lose up to £38 billion (43 billion euro) in revenue if the UK undergo a so-called “Hard Brexit” restricting access to the European single market. This will result in the UK being subject to both tariffs and non-tariff barriers. A report by Oliver Wyman ordered by the industry lobby group TheCityUK, summaries two different outcomes following a “Hard Brexit”. One outcome would see the UK cut all ties with the single market. If this were to happen, revenue may fall by £20 billion causing a…

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