Saturday 25 February 2017

We need 'Brexit minister' to oversee our response

Editorial

Editorial

'Clearly, it is in our interest to engage immediately with the UK in order to hammer out agreements. We simply do not have the luxury of waiting two years for Article 50, which sets out how a country can voluntarily leave the EU, to be triggered' Photo: PA
'Clearly, it is in our interest to engage immediately with the UK in order to hammer out agreements. We simply do not have the luxury of waiting two years for Article 50, which sets out how a country can voluntarily leave the EU, to be triggered' Photo: PA

The influential German think-tank Ifo is in no doubt that our economy has more to lose than any other - apart possibly from Britain itself - from so-called "Brexit-wounds".

In the UK, the cabinet is in bunker mode to guarantee that Britain gets the best deal it can. Here, concerns over the Common Travel Area, and the impact on the North have been well flagged; but the focus of this study, which was based upon consultations with experts here, is the possible financial fault-lines that Brexit exposes. They identify two fronts on which we are more vulnerable than anyone else.

Firstly, our unique trading relationship is clearly at risk.

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