Member News

Update on Brexit from EY

EY brexit watch 2

It has been a relatively quiet month for Brexit as most national governments took the Easter break to draw a breath and regroup. On a somewhat positive note, the official withdrawal date is now scheduled for 31 October 2019 - seven months after the original withdrawal date.

This gives the UK more time to agree on a deal internally but the EU has reiterated the withdrawal agreement will not be re-opened. The extension does little to support business. Businesses are less likely to make investment in such an ambiguous climate, more clarity surrounding Brexit would benefit businesses greatly but given the events of the past (almost) three years, this is unlikely.

In an otherwise quiet month on the Brexit front, fresh calls for independence referendums emanating from both Scotland and Wales has ensured that Brexit discussion remained at the forefront of political discourse.

Read our latest Brexit Update here.

 

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"Waterford is a very attractive location for Foreign Direct Investment as it is a dynamic city which is very much open for business – the city has a proven track record of attracting investment from start-ups and expanding business, who are hugely supported by Waterford Chamber. The city, county and region offers a young, well educated workforce and is easily accessible for international visitors. Waterford’s quality of life for employees is exceptional as it blends elements of rich cultural heritage with a new and vibrant lifestyle – with new additions such as the Greenway further showcasing the county to not only locals, but visitors from all over Ireland and overseas. The Chamber has been a vital link in welcoming our companies into the local Business Community – helping them not only network, but also gain a sense of community and belonging."

Brendan McDonald, Regional Manager, South East Region, IDA

 

 

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