Brexit is forcing major retailers to consider pulling out of Northern Ireland - Business Insider

Major retailers are considering pulling out of Northern Ireland due to the additional trading costs caused by planned new Brexit border checks.Northern Irish business groups and politicians warn that the cost of new checks and processes will be felt hardest by the province's poorest families, who can't afford price rises.

The protocol, agreed by the UK and European Union last year, is designed to prevent a contentious hard border on the island of Ireland. However, it will lead to new customs and regulatory checks between Northern Ireland and the rest of the UK. "It's time the UK government recognized this and start engaging properly with the consequences, particularly as they're refusing to extend the transition period," he told Business Insider.

Kelly said the level of engagement with the UK government on how Northern Ireland should prepare for Brexit had worsened since Johnson replaced Theresa May as the UK prime minister. Louise Haigh, Labour's Shadow Northern Ireland Secretary, urged the UK government to step up its planning for January 2021, warning "time is running out and businesses need certainty now."

"The levels of [personal] debt in Northern Ireland are higher than in the rest of the UK, and the levels of savings are lower," John French, Chief Executive at The Consumer Council Northern Ireland, told Business Insider this week.Northern Ireland is one of the poorest parts of the UK, with discretionary household income — the amount of money left in people's pockets after tax and essential spending — around half the UK-wide average.

Another small step towards a federal Ireland?

They said that about Nissan etc if we left the EU.

Just_Clive This geezer is comfortable with that. What was it he said about business? 'F**k business.

Not brexit, boris' shit deal

Great Britain, here we come. Whatever happened to the “Unionist” in Conservative and Unionist Party?

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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