Thu 23rd Jun 2016
EU Referendum comment: A new era for the UK economy
Northern Ireland Chamber of Commerce and Industry (NI Chamber) has said that the aftermath of the vote to leave the European Union will require a rapid response from government.
NI Chamber Chief Executive Ann McGregor said:
“Now the votes have been cast and counted we have moved into a new era for the UK economy. There will undoubtedly be an impact on business and they will have to plan for the new dispensation.
“There may well be a degree of uncertainty and disruption in the months ahead, especially around certain trade issues. Government must therefore respond rapidly to avoid any uncertainty for business and potential damage to trade and inward investment.
“Northern Ireland is forging out a place in the global economy as well as trading relationships with European neighbours and that work must continue. We are now in a unique position as the only part of the UK with a land border with the EU and that will throw up challenges in terms of new trading arrangements.
“There are claims that the amount of money the UK will save in EU contributions will yield a financial bonanza for all regions. If this is indeed the case, then the NI Executive must also ensure that Northern Ireland reaps the benefits.”
The Business organisation has always maintained a clear position of neutrality on EU referendum, to respect the diversity of views amongst the businesses it serves.