Belfast business says no to ‘NO DEAL’

An overwhelming majority of Belfast businesses reject a ‘No Deal’ Brexit. In a survey, Belfast Chamber found that 86% of its members are opposed to the United Kingdom leaving the European Union without a deal.

Commenting on the survey results, Belfast Chamber Chief Executive Simon Hamilton said, “Businesses in Belfast are extremely concerned about the impact that the UK falling out of the European Union without a deal could have upon their businesses and the wider economy.

83% of Belfast Chamber members believe that a ‘No Deal’ Brexit will adversely impact the local economy. Belfast Chamber members are worried about the range of impacts that a ‘No Deal’ Brexit might have upon their business but there are especially worried about what effect it could have upon their supply chains, future investment in their business, access to finance and funding, consumer confidence and their ability to hire both highly and lower skilled staff. With such serious concerns and a real fear about how the entire region’s economy will be negatively affected, it is hardly surprising that 86% of our members oppose ‘No Deal’.

This survey also paints a picture of a business community in Belfast who do not feel supported by Government to prepare for a ‘No Deal’ outcome. 91% of respondents to our survey feel that the Government hasn’t sufficiently supported their business to prepare for ‘No Deal’. It is therefore welcome that the Government has recently released funding to help businesses to improve their readiness for Brexit”.

Concluding, Simon Hamilton said, “This level of concern about the UK crashing out of the EU without a deal cannot be dismissed. More than three quarters of our members report that uncertainty surrounding Brexit has already impacted negatively upon their business and they are really worried about what ‘No Deal’ would do. The opinion of Belfast Chamber members echoes what businesses in a variety of sectors in all parts of the UK have said. The views of Belfast Chamber members underscore the need for the Government to avoid a ‘No Deal’ exit from the EU not just now, but in the future too”.