Govt should consider supplementary Budget to respond to Brexit – ESRI
Govt should consider supplementary Budget to respond to Brexit – ESRI The Economic and Social Research Institute has said the Government should consider a supplementary Budget in the New Year to respond to Brexit. Next month’s Budget will be drawn up on a “disorderly Brexit” scenario. In its latest Quarterly Economic Commentary, the think-tank warns […]
UK factory output expectations plunge to 10-year low
UK factory output expectations plunge to 10-year low British factories’ own expectations for output fell in September to their lowest in more than 10 years, according to a survey that showed Brexit and a global slowdown weighing on manufacturing. The Confederation of British Industry’s (CBI) monthly manufacturing order book balance fell to -28 in September […]
Small firms need UK-style tax breaks to ‘fight back’, compete post-Brexit – Dublin Chamber
Small firms need UK-style tax breaks to ‘fight back’, compete post-Brexit – Dublin Chamber BUDGET 2020 must help small, indigenous companies to compete with a “more attractive” UK, chambers of commerce leaders told an Oireachtas committee yesterday. Dublin Chamber chief executive Mary Rose Burke, whose organisation represents more than 1,300 businesses, said capital gains tax […]
Pound tumbles 1% as investors fear ‘never-ending limbo’ in UK politics
Pound tumbles 1% as investors fear ‘never-ending limbo’ in UK politics The pound fell 1% today against the dollar, ceding gains made the previous day after the Supreme Court’s ruling against Prime Minister Boris Johnson. Investors are pricing in many more months of Brexit and general election risk. Boris Johnson was dealt a blow by […]
Oil prices fall due to weak economic data, Saudi output recovery
Oil prices fall due to weak economic data, Saudi output recovery Oil prices fell today after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand. The drops also came as Saudi Arabia said it could restore oil output faster than anticipated following attacks last week. Brent crude futures […]