The UK’s Brexit policy continues to be shaped by domestic political concerns, not economic considerations, and “we all stand to lose out as a result”, employers’ group Ibec has warned. Chief executive Danny McCoy said the UK’s plan to leave the customs union was at odds with the economic interest of both the UK and EU. “The UK remaining in a customs union would partially offset the negative impact of Brexit on jobs and the economy in the UK, Ireland and the wider EU,” Mr McCoy said. “It would also go some way to resolving the challenges posed by the trade border with Northern Ireland. However, without a UK commitment to the single market, significant problems for Irish business remain.”

Source: The Irish Times January 21, 2018 16:41 UTC