Irish Sea Border: Small businesses still being 'crucified'

Published On Dec 9, 2024, 1:33 AM

The article discusses the ongoing challenges faced by small businesses in Northern Ireland due to the Brexit arrangements known as the Windsor Framework, which keeps Northern Ireland in the EU single market for goods. The framework has created complications like the Irish Sea border, leading to increased bureaucracy, particularly for smaller firms. While larger companies have adapted, smaller ones, such as a pet food business run by Michael and Lesley Cairnduff, continue to struggle with the new demands. Despite some predictions of disastrous supply chain effects, the region has seen better-than-expected trade statistics and a strong recovery in services, though manufacturing remains flat. There are indications that the upcoming vote to maintain the framework will lead to continued challenges, especially with new EU product safety rules affecting cross-border sales.

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Stock Forecasts

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Negative

Due to ongoing bureaucratic challenges brought about by the Windsor Framework and new EU product safety regulations, small businesses in Northern Ireland may struggle to maintain their operational efficiencies and profitability. This could negatively impact the local economy, especially in the manufacturing sector.

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Positive

As larger firms continue to navigate the dual market access effectively and larger supermarkets maintain operations in Northern Ireland, there is potential for firms that are well-structured to benefit from the unique market setup. Companies involved in agrifood and those that export to the EU might leverage their position.

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