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Half of small Irish businesses have cancelled or delayed investment over Brexit

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Tourism, transport and manufacturing proved to be the most pessimistic sectors with regard to Brexit, according to the research.

Image: Eamonn Farrell Image: Eamonn Farrell HALF OF SMALL businesses in Ireland have cancelled or postponed investment plans because of Brexit.

The survey also found that two in five SME business owners have yet to prepare for Britain’s departure from the EU. Despite this, more than half of reported that they have not yet started planning for Brexit, with 46% of retail businesses reporting the same. The toll of Brexit is already starting to be felt in the Republic according to the report, with 45% of companies reporting a negative impact already.Source: Leah FarrellCatherine Moroney said the new research highlights the impact Brexit is having on the investment and future borrowing plans of SMEs.

 

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