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17 October 2019

FSB NI gives cautious welcome to Brexit breakthrough

Responding to the publication of a revised Withdrawal Agreement between the UK and EU, FSB NI Policy Chair Tina McKenzie has cautiously welcomed the breakthrough and the promise of a potential deal.

Commenting Tina McKenzie said:

“Since the Brexit vote, businesses in Northern Ireland have had to deal with continued uncertainty which has, without doubt, hampered investment and business growth.

“The Brexit breakthrough announced today must therefore be welcomed as a potential pathway to a deal. The alternative - a ‘no-deal’ outcome - would cause significant disruption to our economy, not least to small businesses, so it is of paramount importance that that is avoided.

“As always, the devil is very much in the detail, though on the face of it this deal provides Northern Ireland with tariff free trade with both the EU market and with the rest of the UK.

“If the deal is ratified, it is crucial that everything is done to reduce the administrative burden on our small firms, in a way which avoids increasing costs and complexity.

“We would encourage all stakeholders to work constructively in the days ahead to ensure we reach a deal which has the broadest possible support and, above all, finally delivers certainty for our small business community.”