Ibec unveils plan to head off Brexit risks

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Ibec has published details of its proposals to the government that will, it says, alleviate some of the pressure on Irish businesses in the ongoing Brexit crisis.

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15 November 2016 | 0

Ibec has once again called on the Government to introduce immediate and strong measures to alleviate the worst consequences of the ongoing Brexit crisis, which is causing Irish businesses consternation over exports and cross-border shopping – not to mention global uncertainty.

A report by the group sets out receommended measures that it’s hoped will shore up Ireland’s position as a place to live, work and invest, in the face of the declining Pound.

Ibec’s proposals include a new “enterprise stabilisation fund”, additional funding for market diversification measures, an access to finance package, trade finance measures and expanded online support.

Speaking about the ongoing issues around Brexit, Ibec’s director of policy Fergal O’Brien said that Budget 2016 introduced some useful measures, but that it did not go nearly far enough. “Companies are moving quickly to manage severe competitive pressures,” O’Brien said, “but an urgent, targeted national response is required.”

O’Brien went on to point out – again – how retailers are increasingly concerned at the threat cross-border shopping poses in the run-up to Christmas. New figures show a surge in online shopping since the UK Brexit vote, after all. “The Irish government can’t sit on its hands during the Brexit negotiations while sustainable fall prey to the evident economic realities of the situation,” he said. “A comprehensive and immediate response package is now needed to save jobs.”

 

 

 

 

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