‘DUP should drop their reckless opposition to the backstop’ – Hazzard
The latest dire Brexit warnings from the business community are further evidence of the catastrophic course the DUP and Tories are leading our economy towards, Sinn Féin MP Chris Hazzard has said.
The party’s Brexit spokesperson was commenting after leading retail bodies in Ireland and Britain warned that a no-deal Brexit will squeeze household budgets and lead to reduced availability of some goods.
The management of Warrenpoint Harbour also warned today that businesses are stockpiling raw materials due to the continuing Brexit uncertainty.
Chris Hazzard said:
“The warnings from Warrenpoint Harbour and some of the biggest retail organisations in these islands are just the latest in a long line of dire predictions about the impact of Brexit.
“The CBI recently warned that a no-deal Brexit would cost the North’s economy almost £5billion a year while the Bank of England predicts an almost ten per cent economic contraction — that’s worse than the banking crisis recession.
“Our economy simply could not sustain damage on that scale but, despite this, the DUP and the hard-right of the Tory Party continue to pursue a reckless agenda which is inexorably leading toward a no-deal Brexit.
“The DUP should listen to business, review their approach and drop their reckless opposition to the backstop.”