Oireachtas Joint and Select Committees

Tuesday, 18 October 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Economic Impact of Brexit: Discussion

5:00 pm

Mr. Aidan Gough:

The one in five statistic of firms planning to decrease the level or speed of their investment is not surprising. Investment depends on certainty and there is so much uncertainty at the moment. That is why we are trying to get as much information as possible out to businesses. The exchange rate is not likely to change much. It is not likely to be favourable for the euro in the near future. We do not know what will happen with tariffs that will also take value out of the market. We are encouraging businesses to focus on what they can do and that is building value into their products and their relationships with suppliers or customers.

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