google-site-verification: googlec7193c3de77668c9.html

How has the Northern Ireland economy performed since Brexit?

In two of Northern Ireland’s port towns, the starkly different economic impacts of the 10 years since Brexit come to life.

In Larne, garden centre owner John Shannon points to a £387 “export charge” he must now pay just to bring in roses from Great Britain (GB).

In Warrenpoint, food manufacturer Brian Reid sees a different reality.

“Off the back of the Brexit vote, we picked up a lot of customers who wanted to source on the island of Ireland,” he said.

In the 10 years since the referendum result was confirmed that saw the UK leave the EU, Northern Ireland’s economy has outperformed the UK average on some key measures.

Northern Ireland has a Brexit deal which means it has a closer economic relationship with the European Union (EU) than other parts of the UK.

It is tempting to conclude the better performance is all due to that special deal.

The reality is more complicated than that.

Part of the story is Northern Ireland undergoing a delayed recovery having suffered a deeper and longer recession following the 2008 financial crisis and property crash.

On a wider note, Brexit set the tone of politics in Northern Ireland for years, leading to the suspension of devolution between 2022 and 2024. Its impacts remain divisive and contested.


Source link

Views: 1

See also  Adolescence star Owen Cooper takes two RTS Awards

Check Also

Bangor teenager says she has nightmares after being groomed by Neil Foden

In 2023, Meg was struggling at school, and, after discussing her difficulties with her parents, …

UK’s extreme weather is the new normal – Met Office

More than 2,700 people may have died from heat-related causes in England and Wales during …

Boy, 14, charged with terror offence targeting London mosques

A 14-year-old boy has been charged with offences linked to “extreme right-wing terrorism” in connection …

Leave a Reply

Available for Amazon Prime
Be the first to review “elfbar elfx kit silver pink”. elfbar elfliq liquid.