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NI business

Brexit causes NI business to stall

TweetA report has found that business growth, investment and recruitment plans are at risk in Northern Ireland. The Northern Ireland Chamber of Commerce and Industry and business advisers BDO recently published their Quarter 2 Economic Survey. This report on the current business climate found that one in four NI businesses are reconsidering their future. Firms are worried about the future value of sterling. Many have revised plans to grow, invest or recruit because of June’s shock Brexit vote. Ann McGregor, chief executive of the NI Chamber said its members are concerned about the implications of leaving the EU. “The lack of information available post-Brexit is a concern for our members, with a significant majority […]

Kenny

Taoiseach Kenny prosposes all-Ireland Brexit forum and is rebuffed by NI’s Arlene Foster

TweetTaoiseach Enda Kenny’s proposed all-Ireland forum to mitigate the negative effects of Brexit has met with a frosty reception from Northern Ireland First Minister and DUP leader Arlene Foster. Foster has said that such a forum is unnecessary. She was in Dublin this Monday with members of the Northern Executive to attend a meeting of the North-South Ministerial Council (NSMC). The council discusses areas of common interest between the Republic and Northern Ireland and promotes co-operation between the two governments. However, despite strong support from Kenny and ministers in his government, the proposed Brexit forum was not one of the topics under discussion. It is believed that Foster had rejected the […]

budget airline

EasyJet to fly away from the UK?

TweetEasyJet, the UK budget airline, may need to move company headquarters to a European city in response to last month’s shock Brexit result. The airline has applied for an air operator certificate from the European Union to continue using EU air routes if and when the UK formally withdraws from the block. “EasyJet is lobbying the UK government and the EU to ensure the continuation of a fully liberal and deregulated aviation market within the UK and Europe. This would mean that EasyJet and all European airlines can continue to operate as they do today,” the company said in a statement. “As part of EasyJet’s contingency planning before the referendum […]

Brexit

Brexit: threats and opportunities for the Republic and Northern Ireland

TweetThe UK’s shock Brexit result has created economic and political turmoil in Britain, with ramifications around the world. As it became clear that a slim majority of the British electorate had chosen to leave the EU, the value of the pound plummeted. David Cameron stepped down, and it wasn’t long before the knives were out for Labour’s Jeremy Corbyn, who lost a vote of no confidence motion from the Parliamentary Labour Party. While a Remain vote would have been economically preferable for Ireland, both Northern Ireland and the Republic, Brexit offers opportunities as well as threats. Here we look at these. Exchange rate Sterling is down making Irish goods more expensive to […]