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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."
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