No-deal Brexit 'could put 40,000 jobs at risk' in NI

A no-deal Brexit could put 40,000 jobs at risk in Northern Ireland, according to new analysis from Stormont's Department for the Economy. The report says many jobs could "disappear almost overnight, especially in industries such as agri-food and haulage". It also warns of "immediate and severe consequences" for NI competiveness. Exports to the Republic of Ireland could fall by between 11% and 19%, it warns. That includes the "significant danger" that most north-to-south agri-food trade would stop. "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," states the report. Northern Ireland Retail Consortium (NIRC) director Aodhán Connolly said the report made for stark reading but should come as no surprise. "Brexit is the biggest threat to our economy since the Troubles," he said. The department said it had produced the report as it had recently been asked about the statistics it holds on the implications of no deal. It includes an analysis of how the UK government's no-deal policies on tariffs and the border will affect Northern Ireland. The UK has said it will not impose any checks or tariffs on goods from the Republic of Ireland entering Northern Ireland. The report says it is a "reasonable assumption" that tariffs will apply to goods going the other way, in line with EU law. The government will also apply a temporary tariff regime for at all other UK borders which reduces the majority of tariffs to zero.
del.icio.us digg stumbleupon buzzup BlinkList mixx myspace linkedin facebook reddit.com ma.gnolia.com newsvine.com furl.net google yahoo bebo.com twitter.com technorati.com