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Tory Brexit damaging prospects of US investment – Ó Muilleoir

25 July, 2017 - by Máirtín Ó Muilleoir

Britain’s disastrous Brexit is doing more than anything to damage the prospects of US inward investment here, Sinn Féin MLA Máirtín Ó Muilleoir has said.

The Sinn Féin spokesperson was reacting to comments from British Secretary of State James Brokenshire in the United States this week.

Máirtín Ó Muilleoir said:

“As someone who has spent 20 years encouraging US investment into the North as a gateway to the most powerful market in the world, I find it a bit rich for James Brokenshire to claim his main message in the US this week is that the north is ‘open for business’ when his government’s disastrous Brexit policy is doing more than anything to damage our prospects of attracting new investment.

 “Many potential investors have already made it clear they are holding off on any decisions due to the current uncertainty. The prospect of a hard border and a withdrawal from the Single European Market and the Customs Union will mean many more will seek to invest where they can have easy access to the entire EU market.

“The North has been hugely successful in attracting record levels of foreign direct investment, particularly from the US, over recent years and a huge part of that success was built on our position as a key gateway to the European market.

“All of that is being jeopardised by the Tory government supported by the DUP who are pursuing their disastrous Brexit against the democratically-expressed wishes of the people who live here.

“If James Brokenshire is serious about keeping the north open for business, then he needs to keep it open for business with the other member European states by agreeing to designated special status for the North to remain within the EU.”

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