Accountancy Ireland’s Post

Speaking after Ireland Day at NYSE with Business & Finance Media Group, Ibec CEO Danny McCoy said: “Ibec is once again delighted to participate in the St. Patrick’s week of engagements in the US, including Ireland Day at the NYSE, reinforcing and developing new connections between the Irish business community and the US. Ireland’s global mindset has played a pivotal role in its journey to economic prosperity. A prime example of this is the enduring trade relationship between Ireland and the US. Our strategic position has been key in attracting investment from the US for many decades, helping to transform the Irish economy into a modern hub of global commerce. Overall, the Irish economy continues to perform exceptionally strongly. Employment, investment, and consumer spending have all recorded increases over the past five years at about five times the EU average growth rate. Total employment in the economy in 2023 reached a record 2.7 million people, growing by 3.5% in the year and over 40% in the past decade. Ibec’s latest CEO sentiment survey indicates that business confidence is higher than in either of the past two years as concerns around energy costs and supply chain disruptions fade. As Ireland’s economy thrives, the US-Ireland business relationship will continue to be a critical part of both economies’ further success." Ireland INC celebrates Ireland Day at NYSE | Business & Finance (businessandfinance.com)

The latest Chamber Insights #VoiceOfBusiness is available to read now!📲 This edition details the Chambers response to the Chancellor’s Spring budget, including an overview from Chief Executive Paul Cherpeau, Board Director and Sutcliffe MD Sean Keyes and the national response from British Chambers of Commerce, providing detail into the specific announcements made and how they will impact businesses📊 Read in full ⬇️ https://lnkd.in/drPkD3B4

The results of the British Chambers of Commerce (BCC) 2023 Q4 Quarterly Economic Survey show that business confidence improved, with 56% of UK businesses expecting an increase in turnover in the next twelve months. Despite this, most firms continue to report no improvement to sales, cash flow or investment. Earlier this week, Senior Account Manager Tim Major sat down with Stuart Morrison, Research Manager at the BCC and Rosalind Payne and Carole Le Page from BDO UK LLP, who sponsor the Thames Valley report, to discuss the findings from a national and regional viewpoint. Find out what the results mean for Thames Valley businesses and what the next 3 months have in store https://lnkd.in/g3iM3Kyp You can read the Thames Valley report here https://lnkd.in/ggH26QDe #tvcc #thamesvalley #chamberofcommerce #business

Great event run by Sian Jones today. An opportunity to learn more about SofS’s thoughts on enterprise in Wales, and to challenge and probe on those areas of UK and/or devolved Gov policy and practice that could be improved. Big one for me is the need for a strategic complementary that punches through political colours and is centred on releasing entrepreneurial potential so that everyone wins. #wales #enterprise #joinedupthinking Business in Focus

Here’s a big number to highlight a big number. Our policy team at the QCA have made submissions to 26 consultations this year. That’s a record. Policy is not a numbers game, but totting up the total is one way of illustrating just how much effort we put into this strand of our work. Those submissions involve hours of drafting, dialogue, round tables, webinars, working groups and follow-up conversations with three government departments, three regulators and various other bodies. We couldn’t do any of it without the support of 150 City experts ranged across our six Expert Groups that are drawn from the membership. Huge thanks to them for powering our thinking. And on behalf of all of our members, we are proud to be a constant voice, pressing for reforms that are proportionate and pro-growth so companies can prosper on London’s public markets. In 2024, we go again. Want to take part? Join the QCA here: https://lnkd.in/eNEpeF8q And read more about our policy work: https://lnkd.in/eBruzh4d Jack Marshall Ben Cornwell Samantha Harrison Mark Taylor Fiona Bell Amber Wood Will Pomroy #financialmarkets #uk #economy #capitalmarkets #cityoflondon #london #growthcompanies #growthcapital #smallcaps #midcaps #policy #financialreporting #governance #corporategovernance

In the recent issue of Business Plus magazine, our managing director, Alan Farrelly, along with partners from Ireland's top accountancy firms, shared valuable insights on various topics affecting Irish SMEs. They also provided their expert commentary on the outlook for the Irish business sector in 2024. Their contributions shed light on key issues and trends that are shaping the landscape for small and medium-sized enterprises in Ireland. Read this Business Plus issue here: https://lnkd.in/dd9p8yFY #BusinessPlus #UHY #UHYFDW #AchieveABetterFutureTogether #Accountancy

📢 Today's King’s Speech offers a solid downpayment on the UK’s growth agenda! 🗨 Commenting on the King’s Speech at the State Opening of Parliament, Dr. Roger Barker, Director of Policy at the Institute of Directors said: “We are strongly supportive of the government’s commitment to placing economic growth and wealth creation at the heart of its legislative agenda. Our members need to feel that they can invest for the future with confidence and the legislative programme announced today succeeds in addressing some of the obstacles they have been facing. However, the devil will be in the detail, and it will be crucial for the government to consult closely with business in order to maximise the impact of today’s plans.”   🗨 The Institute’s Chief Economist, Anna Leach, added: “It’s great to see further steps by the government to de-politicise and strengthen institutions, providing a more stable policy platform for growth. Ensuring that significant tax and spending changes are subject to assessment by the OBR is an important enhancement to the transparency of policymaking. The establishment of an Industrial Strategy Council – one of the IoD’s business manifesto asks - will give welcome longevity and structure to the government’s work with business to drive up UK growth. Alongside, planning reform to unlock vital infrastructure investment, and a strong working relationship with business, these measures should help reinforce the confidence of business to grow and invest.” ➡ Read our full press release here to see what we said about corporate governance, employment, AI regulation and renewable energy proposals: https://lnkd.in/eSuA8jD3 #ukparliament #ukeconomy #businessleaders #artificialintelligence #devolvednations #policymaking

NEW: We’re delighted to announce that former Deputy Cabinet Secretary Helen MacNamara is joining The Future Governance Forum (FGF) as our new Chair. Helen and Nathan Yeowell sat down with George Eaton to discuss FGF's plans and why our system of government needs a reset: https://t.co/v6vLiKkwKu In Helen, FGF is gaining a champion of the good that government can do. Her passion is rooted in her extensive expertise in public administration and unique insight into the inner workings of Whitehall. Helen will work with FGF founder and Executive Director Nathan Yeowell, and the rest of the FGF team on developing practical, innovative solutions crucial to addressing the acute delivery challenges facing the new government. Helen’s appointment marks the beginning of a new chapter for FGF, as we set out plans to grow our network – the forum at the heart of our project – and adopt an ever more practical focus. Plans include a new emphasis on: 1️⃣ Good governance in practice – stepping up our work by not only developing ideas, but testing and iterating them in practice, collaborating with practitioners at all levels of government and beyond 2️⃣ Forging stronger links with frontline expertise – a new, influential network of reform-minded politicians, policymakers, leaders and frontline public servants to exchange insights and refine our thinking 3️⃣ Institutional renewal – looking afresh at how we rewire the state and its institutions to ensure they are fit to meet the challenges of the 21st century When FGF was launched in November 2023, we set out our intention to help fix Britain’s broken system of government, and shape a comprehensive new operating model for the way the country works. In under a year, FGF has published influential research on: 🎯 Mission-driven government, partnering with Professor Mariana Mazzucato 🏛️ Implementing economic devolution, with Metro Dynamics 💰 Innovative new models of investment to drive growth 🤝 The transition of power As we enter our second year, we want to build on this success, combining strong frontline experience of what works with a nuanced understanding of the political context. With a new progressive government in Westminster, FGF has a unique opportunity to change the way the country is governed. With Helen as our new Chair, we’re well placed to make it happen, and couldn’t be more excited about what the future holds. Collaboration is at the heart of what we do. If you have any thoughts, suggestions or ideas for how you could work with us towards our mission of #ShapingBritainsFuture, we’d love to hear from you. 📩 Please get in touch at hello@futuregovernanceforum.co.uk

Our Executive Director Wilson Prichard was at Harvard University leading a session on ‘Strategic Leadership to Strengthen Revenue Systems’ at the Harvard Ministerial Leadership Forum which gathers annually finance and economic planning ministers from Africa, the Caribbean, and Latin America. In his presentation, Dr Prichard argued that strengthening #revenue systems is not merely a technical problem, but an adaptive problem which depends on understanding complex systems and navigating diverse constraints on reform. He focused on four aspects of revenue systems: 1️⃣ Realistic revenue targets and continuous investment. 2️⃣ Priority areas for revenue mobilisation. 3️⃣ Diagnosing underperformance. 4️⃣ Developing reform strategies. Read more about the session here: https://ow.ly/gMI850REjav Local Government Revenue Initiative #TaxExperts #Taxation

"The 10x vision is underpinned by objectives grouped into three pillars — innovation, inclusive growth and sustainability." The Department for the Economy unveiled an ambitious plan to boost the Northern Ireland economy in 2021, but will it be up to scratch? Professor Anne Marie Ward, Dr Esmond Birnie and Dr Stuart Henderson, all from Ulster University, crunch the numbers to find out if the 10x Economy vision can deliver. Read the full article on the Accountancy Ireland website: https://brnw.ch/21wIsw3 #CharteredAccountants #NorthernIreland #Economy #NIEconomy #10xEconomy