In addition to these compliance requirements under a no deal scenario, we strongly recommend cash flows are reviewed. As on top of costs arising from the imposition of tariffs and VAT, it is possible that the working capital cycle will extend due to hold ups in transportation.
Despite good growth in the Irish economy, and a reduction in UK unemployment to the lowest in over 40 years, it remains a critical time for British-Irish trade. That is why we are so pleased to be working with David O’Reilly and members of the British Irish Chamber of Commerce – to build strong, long-lasting and mutually fruitful relationships between Britain and Ireland.
It was fascinating to hear the views of the room which included property developers and construction business owners. John Redwood’s observation was that digital transformation will have a significantly greater impact on business success than a short-term economic impact of the Brexit deal.