Currency. When the exchange rate goes above 0.85, the reduced margin to exporters may be too much to bear.
UK market growth. They have rising inflation and a lowering growth rate. There is a “Buy British” sentiment. Although consumer spending is up, there are indications that savings are being depleted.
Customers. What is the effect on your customers? On your customers’ customers?
Competition. 3rd country competition in UK, also more competition from UK companies in Ireland.
Sourcing. Other EU countries may become more attractive as sources and as distributors. Due to increased tariff rules, there may be longer delays at seaports and airports.
Transport and logistics – many goods and services travel through the UK between Ireland and continental Europe. These may be subject to increased tariffs and duties.
Standards. UK standards may not be the same as EU standards and may be incompatible or legally unacceptable.
Customs checks and tariffs. VAT changes are likely.
Movement of people – what will the effect be on Irish citizens in UK and British citizens in Ireland?
No agreement. If no agreement is reached in Brexit, exports and imports with the UK may be charged levies based on World Trade Agreement tariffs. The same applies to goods transported through the UK.
Border. The effects on cross-border trade and movement of people across the border between the Republic and N. Ireland is still to be resolved.
Posted on Sat 18 Nov 17

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