Weekly Brexit Update
Irish Foreign Minister Simon Coveney raised the possibility of a breakthrough in Brexit talks next month, and urged the UK to make further concessions to allow talks to move to trade.
Irish Foreign Minister Simon Coveney raised the possibility of a breakthrough in Brexit talks next month, and urged the UK to make further concessions to allow talks to move to trade.
For Ireland there’s a dilemma – it wants to make sure there is no hard border but it also wants talks to move on to trade as it’s one of the economies most dependent on U.K. ties and a no-deal Brexit would hurt Ireland more than any other country but Britain.
An invisible border could be maintained "relatively" easily so long as Britain agrees a zero-tariff trade deal with the European Union, the Brexit secretary has said.
Bank of Ireland published a Brexit guide - Protecting against currency risk. The first step towards managing currency risk is to understand and quantify the exposure your business is open to. You need to review your costs and revenues to understand how exposed profit margins are to any changes in foreign currency rates.
According to Chambers Ireland Chief Executive Ian Talbot, Ireland and the UK are on the same page when it comes to wanting no physical border and prioritising the need for efficient cross-border trade, while making maximum use of available technology and SME friendly arrangements.
According to Trayc Keevans, Director of Inward Investment Global with Morgan McKinley, businesses in Ireland need to be geared up to support UK citizens currently working here so as to…