Brexit ‘could hit investment into North’

Britain’s exit from the EU could have a “huge impact” on large firms’ plans to establish bases in the North once corporation tax is cut, an academic has said.

In the short term it would create added complexity, and could slow down the flow of investment in the first couple of years, according to Neil Gibson, director of the Economic Policy Centre at the University of Ulster.

He gave evidence to the Northern Ireland Affairs Committee of MPs at Westminster which is investigating the impact of any UK exit from the EU on the North.