Friday July 10, 2020

Ibec says sterling weakness putting thousands of jobs, exports at risk

The employers' group has called for a targeted national response

2nd August, 2016
An Ibec survey showed 45% of Irish firms see sterling weakness as the main threat to their business

The business lobby group said a survey of more than 450 businesses found many firms were "reeling" and jobs were already under threat

“This is now a full-blown currency crisis. For exporters, the speed of sterling’s decline is on a par with the 1992 currency crisis," Ibec's director of policy Fergal O'Brien said. "Irish exporters to the UK are already 15 per cent less competitive and things could get much worse. The problem demands urgent government...

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