Ibec calls for change as 80% of firms lack Brexit readiness

Lingering uncertainty surrounding Brexit is hampering the future planning processes of nearly 80% of companies on the island of Ireland, according to a new report.

While the results of its latest quarterly business monitor suggest little negative impact to date from the Brexit confusion, cross-border business development agency InterTrade Ireland has warned companies they need to be more prepared.

“It is essential Irish SMEs start to prepare and plan for the outcome of the Brexit negotiations. InterTrade Ireland is encouraging all businesses to plan, act, and engage for every potential outcome,” said the agency’s strategy and policy director Aidan Gough.