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Warning as households begin to feel the Brexit effect - Hazzard

27 May, 2018 - by Chris Hazzard


Sinn Féin MP Chris Hazzard has said the dire financial warning issued by the Governor of the Bank of England on Brexit this week highlights the need for the north to remain in the customs union and single market. 

The South Down MP said: “In recent months I have engaged widely with representatives from our local agriculture, construction, business and manufacturing industries in South Down and the extremely worrying effects of Brexit have dominated discussions. “So it comes as no surprise that the Governor of the Bank of England has this week warned that households in Britain are £900 worse off as a result of the Brexit vote. "This dire warning comes before Brexit even happens so we can expect that figure to rise and we know that the north, and border areas in particular, will be even more damaged by Brexit. "This is the cost of Brexit and the cost of the union. "It will be felt across every aspect of society in the north from business, manufacturing, agriculture, education and community development. Mr Hazzard added:"Once again this underscores the need for the north to remain in the customs union and single market and for us to secure special status for the north within the EU.” 

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