Irish firms ‘have no plan’ for Brexit as UK return ruled out

As much as 98% of companies on the island of Ireland currently have no plan in place to cope with the consequences of Brexit, a new report shows.

This is despite noises from Europe over the weekend strongly suggesting Britain will have no route back into the EU once it triggers Article 50 of the Lisbon Treaty next month.

The latest quarterly business monitor from cross-border business development agency InterTrade Ireland shows that while a healthy 84% of firms north and south are reporting stability or growth in their business, a staggering 98% claim to have no plan to deal with the after-effects of the UK leaving the EU.