Shocking statistics show 98% of companies have no plan in place to deal with the consequences of Brexit – Quinlivan
Sinn Féin TD and spokesperson on Jobs, Enterprise and Innovation Maurice Quinlivan has today commented on figures provided by InterTradeIreland (ITI) that show 98% of companies have no plan in place to deal with the consequences of Brexit, and 91% of cross-border traders having no experience of dealing with tariffs.
Speaking during questions to Minister Mitchell-O’Connor on the issue, Teachta Quinlivan said:
“These figures compiled by ITI are extremely worrying. It is almost one year since Britain voted to leave the EU, and to have 98% of businesses lacking a plan to deal with Brexit is totally unacceptable.
“ITI previously reported in their Business Monitor Report in the final quarter of 2016 that, 98% of companies have no plan in place to deal with the consequences of Brexit, so these recent figures show absolutely no change in that position. This proves that the governments approach to preparing businesses for Brexit is not working.
“Minister Mitchell-O’Connor’s briefing notes released to me under a freedom of information request, state that ‘ITI already operates on a very tight budget, given the cuts imposed [and] are just about able to carry out their legislative remit’.
“It is clear that the Department and the Minister is fully aware that ITI is not adequately funded and the figures from ITI prove that this is having a detrimental impact on SMEs preparation for Brexit.
“ITI is charged with assisting businesses engaged in cross-border trade, and they do a fantastic job, but their workload has dramatically increased due to the complications Brexit brings, and additional funding needs to be provided to match this.
“I am calling on the Minister to provide more funding to ITI, and for her to commit to significantly reducing the percentage of businesses that are unprepared for Brexit.”