Business leaders worried Northern Ireland will bear brunt of Brexit hit

Almost all Northern Irish firms want to have a trade representative at Brexit talks...

ESRI, Brexit, FDI, Foreign Direct Investment, corporation tax, Ireland, EU,


The overwhelming majority of Northern Irish firms believe that Brexit will hit the North harder than the UK as whole.

A survey of business leaders conducted by the Confederation of British Industry (CBI) at an event in Belfast yesterday found that 89% think that Britain's decision to leave the EU "have a greater economic impact" on Northern Ireland.

Some 92% believe that the decision to leave the EU will have a "negative" impact on the region over the next five years, the Irish Times reports.

The poll found that just 2% thought the decision would be prove to be a positive one economically.

One-third said Brexit would damage their own business.

Almost all (96%) wanted Northern Ireland to have its own trade representative involved in negotiations as Britain seeks to strike a deal to cut ties with the EU.

According to the CBI, currency fluctuations, trade costs and potential tax changes are the chief concerns among Northern Irish business leaders.