Member News

Update on Brexit from EY

EY brexit watch 42

EY now puts the probability of the UK leaving the EU without a deal at 40%. Both Conservative Party leadership hopefuls have outlined they are willing to take the UK out of the EU without a deal. Combined with the challenges associated with a no deal, economic indicators are beginning to show potential cracks forming in global economies.

The Financial Times have outlined that the UK is teetering on the brink of recession, Northern Ireland is experiencing a downturn in manufacturing indicators, growth forecasts for the Euro Area have been revised downwards and the Republic of Ireland has been warned by the Chief Executive of the NTMA that its debt burden is still too high. A no-deal Brexit could cause severe economic implications for countries and sectors closely aligned to the UK, one such example is the Republic of Ireland agri-food sector.

The volatile combination of the current geopolitical landscape and a tumultuous Brexit process will make for a difficult run in to the official Brexit date of 31 October.

Read our latest Brexit Update here.

 

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“Tom Murphy Car Sales Ltd has been a member of Waterford Chamber of Commerce for over 25 years. It’s a membership that serves us well as we find it gives us a platform to interact with similar businesses and puts us in front of a wide audience. Having staged a number of very successful Chamber events, both at our dealership on the Cork Road and at venues chosen by the Chamber, it really puts into perspective the value of networking and meeting with potential customers face to face. We intend to continue the partnership between Waterford Chamber of Commerce and Tom Murphy Car Sales into the future, as the results speak for themselves and we see the value in being a member of Waterford Chamber.”

Tom Murphy, Tom Murphy Car Sales

 

 

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