Credit ratings agency Standard & Poor’s (S&P Global) could move more staff to Dublin from London as a result of Britain leaving the UK, its chief executive has said.

The Government’s tax take for November was more than 2% or €177m ahead of target, largely driven by another strong month for corporation tax. It is the most important month of the year for tax receipts.

International credit rating agency Standard & Poor’s has warned it may lower its mid-range ‘BB/B’ rating on AIB later this year, saying its outlook for the bank remains “negative”.