Northern Ireland firms warn of economic, social risks from no-deal Brexit

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Northern Ireland firms warn of economic, social risks from no-deal Brexit
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Northern Ireland businesses urged British lawmakers on Sunday to seek a compromi...

FILE PHOTO: British and EU flags flutter outside the Houses of Parliament during a pro-Brexit and anti-Brexit demonstration, ahead of a vote on Prime Minister Theresa May's Brexit deal, in London, Britain, January 15, 2019. REUTERS/Eddie Keogh/File Photo

Ahead of a vote on Tuesday on the divorce agreement struck with the bloc last year, more than 50 businesses warned members of parliament in an open letter of the dangers of failing to unite behind a way forward that avoids a hard border and protects peace and economic progress in Northern Ireland. Northern Irish business groups have for months urged the Democratic Unionist Party to drop their opposition, at the heart of which is a dispute over managing the border between the British province of Northern Ireland and EU-member Ireland.

In the letter, they said Northern Ireland’s business community is deeply concerned that firms are hugely exposed to the economic fallout from leaving the EU with without a deal and were already hurting from a lack of investment ahead of Brexit.

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