Minority of Irish businesses ready for Brexit

Chambers Ireland has warned that only a minority of Irish businesses have made Brexit preparations.

Now that UK Prime Minister Boris Johnson has his majority after a landslide election victory and is promising to “get Brexit done”, any notion that Brexit was going away any time soon is about to be rudely dispelled.

Chambers Ireland said it continues to urge businesses across different sectors to review and prepare for the potential impact of the UK’s departure from the EU and to use the transition period time-frame to prepare in 2020.

Commenting on survey results from the Department of Business, Enterprise and Innovation study Chambers Ireland CEO Ian Talbot said it is time for action.

“It’s encouraging to see a sharp increase in the number of businesses putting Brexit higher on their internal agendas, particularly among exporters to the UK, on key issues such as supply chains and customs, as well as a growing awareness of potential business exposure to Brexit generally.

“However, with only a minority of businesses having confirmed as actually having taken action to address Brexit impacts and a low percentage of SME importers and exporters planning to engage with a customs agent, it’s clear that much more can and must be done.”

Ready to engage

Talbot pointed out that with the UK General Election resulting in a Parliament majority for Prime Minister Johnson’s Government, EU leaders are ready to engage with the British Government to meet the 31 January deadline for the UK’s departure from the bloc and to begin the transition period.

“We urge all businesses to use the transition period’s time-frame of up to 31st December 2020 to prepare for Brexit impacts and review the relevant administration and customs procedures before the UK exits the EU’s customs union and single market.

“We call on businesses to continue to avail of information and Brexit supports from the Irish government and state bodies, and to review the resources and guides available through the Brexit section of the Chambers Ireland website.”

Written by John Kennedy (john.kennedy3@boi.com)

Published: 17 December, 2019