No-deal Brexit: The fallout

18th August, 2019
Gallaher’s tobacco factory, once the largest cigarette maker in the world, has shut its doors

The Northern Ireland Civil Service’s (NICS) report on a no-deal Brexit makes for sobering reading. It concludes that up to 40,000 jobs would be at risk in such a scenario as tariffs begin to bite. According to the report, the impact of EU tariffs could reduce the North’s exports to the Republic of Ireland by 11 per cent, with the inclusion of non-tariff barriers potentially leading to a 19 per cent decline. The net result...

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