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I work in manufacturing and we compete with companies here as well as in the UK, Germany, France, the USA and Asia. The UK is our biggest growth market. If you can't compete due to labour costs then you are not using your people efficiently. In a private business, free from the cancer of Trade Unions, it is possible to pay people a good wage and still be competitive by being lean and having efficient processes. The last thing that you should cut is the wages of the production employees. If the people running the business can't get their act together enough to have an efficient organisation then they should cut their own wages.I am involved in costing where we source material and services add value and export out of our country .In my line of work I am in direct contact with UK firms who supply products and services to Irish multinationals companies lots of them spotted the opening in Ireland when there own industries started to decline .Sometimes they even Joke saying Ireland 15% tax benefit the UK every bit as much as it benefit Ireland . They look after Ireland its very important to them.There view which could be sales talk but I suspect they are correct .There view and it is backed up by what they said when Ireland joined the Euro they purchased more inputs from the EU as a hedge against Sterling.There view is a hard Brexit of a soft brexit one tariff will cancell out the other because of this.There view is that the UK/EU will want to sort Brexit out in a short time frame for market reasons .UK and the big EU member states will be looking to structure brexit if it happens so other members do not follow UK out of EU they both have a vested interest in not letting this happen
Leo Read my post 179 again look at the !4% .
There has being a massive jump in net exports In 2015 26.3% Over 200% more than we exported in 2015 to the UK.
Talking to UK people who wanted to remain in the EU .They are not expecting any reduction in trade into Ireland after Brexit they think it will work out in the end .On the other hand almost all the Irish people are expecting trade to reduce.
As we say here, If my Auntie had balls she'd be my Uncle.Leo Did you google Jim power on the 26.3 exports in 2015.Most was on paper.If Ireland grow by this amount by 2037 we would be exporting more than china.
Leo Did you google Jim power on the 26.3 exports in 2015.Most was on paper.If Ireland grow by this amount by 2037 we would be exporting more than china.
You need to look at what we are importing from UK and what they are used for.
Brexit hasn't happened yet, still way to early to declare winners and losers. The effects of the currency devaluation haven't filtered through yet, factors such as the 50% rise in second hand cars heading to Ireland will be boosting consumer spending numbers.
The challenge with a trade deal is that it will require a consensus to enact. It'll certainly be better for us if a deal is done, but there are other parties no so keen to go down that road that can block it.
...but they're certainly impressive GDP figures for a country where the experts predicted investment and industry would suffer immediately after the referendum vote.
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