Some British-based companies increasingly reluctant to trade with Northern Ireland because of the paperwork challenges
Traffic crosses the border between Northern Ireland and the Republic. Businesses in Northern Ireland involved in all-island cross-border trade have set up operations in the Republic to benefit from its lower corporation tax rate, a leading Belfast-based tax expert has said. Photograph: Paul Faith/AFP.
He was speaking at the launch of a major four-year macroeconomic study of Northern Ireland and the all-island economy, undertaken by the Economic and Social Research Institute and the National Institute of Economic and Social Research . “It just doesn’t happen. I suppose it’s a good mitigant for the changes that have happened, but I think everybody would prefer to go back to where we were,” he declared, partly because the Windsor deal only covered trade in goods, not services.
The ESRI/NISER macroeconomic study will be “really valuable” in the years to come in helping to answers to the impacts that policy changes could have on Northern Ireland, “to see how all these things” connect, said the ESRI’s chief executive, Alan Barrett. Traditionally, the Northern Ireland economy is more dependent upon public services than elsewhere in the UK and has been less prone to peaks and troughs, but, equally, less likely to benefit from the gains.
Angela McGowan, the Confederation of British Industry’s Northern Ireland director, said Northern Ireland has particular issues because it has a more rapidly ageing population and has seen less immigration than elsewhere.
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