41% of Irish firms 'have no plan' for Brexit fallout

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The quarterly AIB Brexit Sentiment Index found that readiness for Brexit remains worryingly low willgoodbody

A new survey has found that Brexit worries are increasingly impacting business decisions in Ireland, with half of small and medium-sized enterprises in Ireland cancelling or postponing investment plans as a result.

It also found that readiness for Brexit remains worryingly low, with 41% of Irish firms surveyed saying they have no plan to deal with the fallout, up just 1% since the last index three months ago. The results show manufacturing and transport businesses are among the most negative, with many sectors in the Republic now at their most pessimistic since the index began.

In the North, 66% of companies that had planned to grow their operations have either cancelled or postponed those plans, up 28% on the last quarter. Two thirds of northern companies polled say they now have a negative outlook on the future of their business.

 

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willgoodbody That’s the fault of firms that have not done anything to prepare. But like not doing your school work until the night before it’s due in.

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