Wednesday 7 December 2016

Ireland needs to make it clear it is open for business - mixed messages are not helpful

Joe Beashel

Published 24/11/2016 | 02:30

A recent Reuters report said that many in London perceive Dublin’s attitude as 'one of caution'. Stock Image
A recent Reuters report said that many in London perceive Dublin’s attitude as 'one of caution'. Stock Image

Political and economic affairs in the UK, USA and on mainland Europe suggest that 2017 and the period beyond will be a time of volatility and unpredictability.

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In difficulty there is opportunity. In the immediate aftermath of the Brexit referendum, many UK-based multinationals in the financial services sector signalled their interest in moving part or all of their existing and future operations to maintain access to the EU's single market using the 'financial services passport'. The potential windfall for this country, in terms of revenue and job creation, is unprecedented.

Perception matters, however. Consider our closest neighbours: there has been ongoing criticism of the British government's preparedness for Brexit and its post-EU future.

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