Menu
15/07/2019
No-Deal Brexit Risks 40,000 NI Jobs
A no-deal Brexit could risk 40,000 jobs in Northern Ireland, a report by Stormont's Department for the Economy has warned.
The new analysis published by the Civil Service said the roles may disappear almost overnight, with industries such as agri-food and haulage likely to face the consequences.
The paper states that the UK's withdrawal from the EU will have "immediate and severe consequences" for Northern Ireland's competitiveness. It warns: "The impact of EU tariffs and non-tariff barriers will mean that whatever the Irish Government or the EU may do or not do, many businesses will no longer be able to export to the Irish market."
Exports to the Republic of Ireland may fall by between 11% and 19%.
Commenting on the analysis, Retail NI Chief Executive Glyn Roberts said: "This analysis confirms what the local business community has been saying for some time about the economic disaster of a no deal Brexit on Northern Ireland.
"Losing 40,000 jobs would devastate the local economy and have a huge impact on spending in the retail sector.
"A No Deal Brexit should not even be remotely considered by the UK Government."
The new analysis published by the Civil Service said the roles may disappear almost overnight, with industries such as agri-food and haulage likely to face the consequences.
The paper states that the UK's withdrawal from the EU will have "immediate and severe consequences" for Northern Ireland's competitiveness. It warns: "The impact of EU tariffs and non-tariff barriers will mean that whatever the Irish Government or the EU may do or not do, many businesses will no longer be able to export to the Irish market."
Exports to the Republic of Ireland may fall by between 11% and 19%.
Commenting on the analysis, Retail NI Chief Executive Glyn Roberts said: "This analysis confirms what the local business community has been saying for some time about the economic disaster of a no deal Brexit on Northern Ireland.
"Losing 40,000 jobs would devastate the local economy and have a huge impact on spending in the retail sector.
"A No Deal Brexit should not even be remotely considered by the UK Government."
Related Northern Ireland Business News Stories
Click here for the latest headlines.
17 October 2023
Northern Ireland: The impact Of Brexit On FTSE 100 Trading
The United Kingdom's withdrawal from the European Union, commonly known as Brexit, had significant implications for various aspects of the UK economy. One area where these effects are particularly pronounced is the trading relationship between Northern Ireland and the rest of the UK.
Northern Ireland: The impact Of Brexit On FTSE 100 Trading
The United Kingdom's withdrawal from the European Union, commonly known as Brexit, had significant implications for various aspects of the UK economy. One area where these effects are particularly pronounced is the trading relationship between Northern Ireland and the rest of the UK.
22 March 2024
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
Northern Ireland's Best Areas For Broadband Revealed
West Belfast has been named the Northern Ireland area with the best broadband, according to a new study. The experts at Getac – Rugged Computing Solutions analysed data from Ofcom Connected Nations 2023 to reveal the spots with the best broadband.
16 June 2017
InterTradeIreland Launches New Brexit Advisory Service
InterTradeIreland has launched a new Brexit Advisory Service, which aims to provide up to date information to help Northern Irish businesses navigate Brexit.
InterTradeIreland Launches New Brexit Advisory Service
InterTradeIreland has launched a new Brexit Advisory Service, which aims to provide up to date information to help Northern Irish businesses navigate Brexit.
17 May 2017
InterTradeIreland Announce Business Brexit Advisory Service
InterTradeIreland have announced a new Brexit Advisory Service, providing up-to-date information to help Northern Ireland businesses navigate Brexit. InterTradeIreland have a raft of supports available for SMEs, including dedicated Brexit Readiness Vouchers aimed at helping businesses access expert advice to address specific Brexit-related queries.
InterTradeIreland Announce Business Brexit Advisory Service
InterTradeIreland have announced a new Brexit Advisory Service, providing up-to-date information to help Northern Ireland businesses navigate Brexit. InterTradeIreland have a raft of supports available for SMEs, including dedicated Brexit Readiness Vouchers aimed at helping businesses access expert advice to address specific Brexit-related queries.
05 September 2018
'One Stop Shop' Business Advice Workshops Announce
The Federation of Small Businesses (FSB) has announced a free event in Dungannon providing a one stop shop for Northern Ireland businesses to access the advice and information they need.
'One Stop Shop' Business Advice Workshops Announce
The Federation of Small Businesses (FSB) has announced a free event in Dungannon providing a one stop shop for Northern Ireland businesses to access the advice and information they need.
-
Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
