Northern Irish business leaders met with local politicans this week to discuss amendments to Brexit legislation that could be worth up to £100m in compensation for local businesses.
With the UK now set to leave the European Union, Northern Ireland's political leaders have been tabling motions to amend the Brexit legislation in order to protect local businesses from the economic disruption it could cause. Local business leaders met with politicians last week to discuss the scale of the expected disruption to their industry and voice their concerns.
UK Prime Minister Boris Johnson has previously promised businesses in Northern Ireland that there would be no additional costs or trade barriers across the Irish border, and there are now calls to enshrine this promise in law. The Guardian reports that new Brexit legislation amendments are being debated this week seeking legal protections from additional costs and compensation for disruption.
The amendments have been given cross-party support from the Democratic Unionist Party, Sinn Féin, and others, who met with groups such as the Ulster Farmers Union, Manufacturing Northern Ireland, and the Northern Ireland Food and Drink Association to discuss disruption to their industry. The estimates given show that local industry could face up to £100m of additional administrative overheads and trade barriers due to Brexit.
Source: The Guardian
