Oireachtas Joint and Select Committees

Tuesday, 23 May 2017

Committee on Budgetary Oversight

Capital Investment Plan (Resumed): Irish Exporters Association

4:00 pm

Mr. Simon McKeever:

With bigger, international companies, the answer is "Yes". To take it back a stage, the very first thing they need to do is to start assessing what the United Kingdom's emergence from the European Union will mean if the worst-case scenario materialises. Everybody is thinking about the worst-case scenario from a WTO point of view. If a business could examine everything it did last year and push it through a programme that is able to spit out what the difference to one's business would be this year – there are such programmes – it would result in a very stark message. Bigger companies are beginning to examine the risk assessment piece. Smaller companies are really just beginning to get their heads around what it all really means to them. Smaller ones are not there at all. Some of them are still trying to get their heads around the currency piece.

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