Morning business news - July 29

Tuesday 29 July 2014 10.12
Morning business news - July 29
Morning business news - July 29

Britain is a vitally important partner for Ireland, accounting for a significant portion of exports from here while also being home to many of the country’s business-people.

According to Daniel Mulhall, Ireland’s ambassador to Britain, the Irish community there is large and diverse, and extremely well networked.

“In the business community we’ve got a very influential group of people and we have, I reckon, about 20 Irish business network and I find that those people are very willing to support the Irish economic effort here,” he said.

Mr Mulhall said that no country was more important to the Irish economy than Britain, and Irish people living there were doing what they could to help reinforce that value.

“They work closely with the embassy but also with Enterprise Ireland, Tourism Ireland and the IDA in order to ensure that our community here can be valuable to our economic recovery effort”, he said.

Basil Geoghegan, managing director of Citigroup, echoed this sentiment but also pointed out the value that Britain offers to Irish people travelling there, in terms of the access it gives to the wider world.

“You can benefit from working a very international forum accessing the largest pool of capital in the world and working with top quality people from right around the world,” he said.

“It’s not that you end up working only with British people, you work with British, you work with Europeans and you work with the best from around the world, and that’s why it’s so exciting.”