Joint report raises questions on adequacy of proposed Brexit transition timeframes

Commenting on today’s (13 June 2018) joint report ‘Findings and Insights of the firm-level impact of Brexit on Most Exposed Sectors’ from the Department of Business, Enterprise and Innovation and Deloitte,

Chambers Ireland Chief Executive Ian Talbot said,

“Today’s joint report highlights the enormous depth and breadth of the potential impact of Brexit on exposed companies across Ireland.

Ireland’s close trading relationship with the UK has always been the driver of our concerns on the potential challenges arising from Brexit.

SMEs in particular will struggle to address and identify contingency and alternative plans for all the potential scenarios which might arise as negotiations evolve.

The lack of progress towards any substantive detail on an agreed future relationship in the six months since the EU Council meeting in December continues to raise concerns that the current transition timeframes proposed are unrealistic. These concerns are increasing daily and will increase exponentially as we move closer to the key deadlines.

Chambers Ireland calls on the negotiating parties to respect the need for adequate timeframes to allow for proper planning that will ensure minimal disruption to businesses, their employees and consumers.

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For further information please contact Gabriel Doran, Communications & Public Affairs Executive  on 01 400 4331, 086 608 1605 or email gabriel.doran@www.chambers.ie