‘Profound uncertainty’ surrounding Britain's future begins to worry Irish exporters

The uncertainty surrounding Britain’s future is worrying Irish business who export to the UK, Taoiseach Enda Kenny said. He was going into battle with his fellow EU leaders to have Britain remain in the EU.

But he acknowledged yesterday there were major sticking points, specifically concerning the ambition for an “ever closer union”, and whether non-euro countries could trigger a discussion on issues that affected only the euro member states.

Concerns over Britain’s exit from the EU will weigh on UK financial markets for months to come, regardless of the outcome of this week’s EU summit, major bond market investor Pimco said yesterday.