Search Result for 'financial crisis'

No-deal Brexit would push UK economy into recession

In more unsettling Brexit news, it has been reported that in a No-deal Brexit scenario the UK economy would tank. According to the OECD (Organisation for Economic Cooperation and Development) the UK economy would slide into recession and growth would plunge under 1 per cent. Even if there is a ...

Bank warns Brexit threatens £44bn daily cross-border payments

RBS has warned of the harm of Brexit on the UK economy, even after posting some huge profit figures. Brexit threatens RBS’s ability to clear more than £44.08 billion pounds per day in cross-border payments, if they are not granted licences to clear fees via its Frankfurt operations. The bank ...

Brexit: The Impact of Brexit on Doing Business in London

Do you work for a multinational company whose head office is currently in London? And, are you considering visiting London on business shortly? Or do you no longer need to rent one of the serviced apartments in the capital city of the UK because your company is moving its head ...

Brexodus – how will your business respond?

According to the Office for National Statistics (ONS), the phenomenon described as ‘brexodus’ – the exodus of people from the UK as a result of Brexit – is accelerating. In the year between September 2016 and 2017, around 130,000 EU citizens left the UK for good, the highest number since ...

Economy is slowing to a “snail’s pace” due to Brexit

Economists at the British Chambers of Commerce (BCC) say growth will slow to 1.1 per cent this year. The influential business lobby group is also highly concerned of the impact of a no-deal Brexit. Shockingly, this would be the slowest rate of growth since the global financial crisis of 2009. ...

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