Brexit Insight: How Should Your Business React?

Brexit Insight: How Should Your Business React?

The UK is leaving the EU – So now is not the time to bury your head in the sand. HOW DO THINGS STAND AT PRESENT? The UK economy appears to have weathered the initial shock of the Brexit vote, although the British pound’s value remains near a 30-year low, opinion is sharply divided over the long-term effects of leaving the EU. Major firms such as EasyJet and John Lewis have pointed out that the sterling slump has increased their costs. Britain also lost its top AAA credit rating, meaning…

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The Debt Trap and a Way Out

It seems that once debt becomes part of your life, you almost have no chances of getting out of it. What is worse, you get even deeper into it, and whatever saving methods you try, they hardly ever work. There are hundreds of tips on how to cope with Debt: They tell you to shop wisely and be frugal; they advertise professional help and show happy faces who claim to have managed to get out of Debt and now live happily ever after; they offer bigger loans to pay off…

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Australian Banking Into Social Media Space

The Aussie banking institutions are aiming at the social media space to increase popularity and proximity to their customers. One thing that is still slowing them down from gaining larger online presence is the concern that such financial data may be used for fraud. “There’s definitely some fear about integrating data on social media platforms. Banks are concerned how that data might be used: will they then own that data, will it be manipulated, will there be identity fraud,” commented Charis Palmer, the editor of the Online Banking Review. An…

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Will the UK follow Greece’s Financial Crisis?

Some believe UK is going to follow Greece’s economic pitfall. There are several reasons, however, why UK could resist. Both countries’ deficits are scarily similar: Greece is at 13.6%, and UK—at 11.5%, as the maximum an EU member should have is 3%. Both governments are not quite clear how they plan to reduce these numbers to the accepted limit. UK, however, has a strong bet, and that is its own currency—the pound, which gives it independence. “It UK could, if it wanted to, devalue its currency, and that would relieve…

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