This article originally published in December has been updated. Unless the British parliament approves a Brexit deal, or another extension to the UK's EU membership is agreed, or the government decides to cancel Brexit – then by law the United Kingdom will leave the European Union without an agreement on October 31. Several of the contenders to replace Theresa May as prime minister, including the favourite Boris Johnson, say they are determined to take the UK out in the autumn, without a deal if necessary. Polling suggests many members of Britain’s ruling Conservative Party favour such an option. A "no-deal" exit would mean that legal arrangements covering many aspects of everyday life would abruptly cease to apply. It would also bring a significant change in the trading relationship between the UK and the EU. The EU is the UK’s largest trading partner, although its importance has been slightly declining. Official UK figures show that 44% of all UK exports went to … [Read more...] about No-deal Brexit: what would ‘WTO terms’ mean for UK-EU trade?
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THERE ought to be a smile today on the faces of those in the hospitality industry.Why? Because Northern Ireland is a hive of tourism activity, with more than five million overnight trips here last year and an estimated expenditure of £968 million. An estimated 2.2 million hotel room nights were sold, with hotel occupancy at around 70 per cent.It doesn't feel like 'winter is coming' anytime soon for the sector, with our popularity with overseas visitors expected to continue, not to mention the 215,000 spectators due to descend on Portrush this week for The Open (up to 70 per cent of whom are expected to return).A staycation boom, partly be attributed to concerns about Brexit, has also been a contributing factor towards such healthy figures. Indeed, a recent report by Barclays shows that holidaying closer to home is set to increase even further, particularly amongst the millennial generation.Yet against the backdrop of such good news, there is a need for vigilance in the hospitality … [Read more...] about Enjoy this tourism boom
Cryptocurrencies ... is there light at the end of tunnel for investors or has bubble burst? BelfastTelegraph.co.uk Ayear ago, Bitcoin was trading at €16,000. Today, it's €3,600. So was it all just a bubble? Yes, say some. No, say others. "Demand has fallen, no question," says Peter Nagle, the co-founder of the Cork-based cryptocurrency exchange Bitcove.ie. https://www.belfasttelegraph.co.uk/business/northern-ireland/money/cryptocurrencies-is-there-light-at-the-end-of-tunnel-for-investors-or-has-bubble-burst-37710444.html https://www.belfasttelegraph.co.uk/incoming/article37711729.ece/daa78/AUTOCROP/h342/weckler_jan_10-2.jpg Email Ayear ago, Bitcoin was trading at €16,000. Today, it's €3,600. So was it all just a bubble? Yes, say some. No, say others. "Demand has fallen, no question," says Peter Nagle, the co-founder of the Cork-based cryptocurrency exchange Bitcove.ie. "There was an element of a bubble involved. But while there's been a big drop in … [Read more...] about Cryptocurrencies … is there light at the end of tunnel for investors or has bubble burst?
THE new year always signals a time of new beginnings and fresh starts. With the Northern Ireland Statistics & Research Agency (NISRA) stating that the number of new businesses in Northern Ireland is continuing to increase each year, many people will be taking the exciting leap to start their own business in 2019. Starting a new business requires tireless effort and seemingly endless financial reserves. Along with the necessary tasks required to start a business, including securing start-up costs, establishing a customer base and forecasting cash flow problems, new business owners are often besieged by potential risks. Therefore, it is important that your new business is properly protected through commercial insurance, particularly in this crucial initial stage. New companies can also vary widely in terms of insurance needs. Many different factors, including industry, location and size, will determine the type of insurance a business needs to survive - and thrive. One of the most … [Read more...] about New year, new start-up: protecting the beginning of your business