Thanks A no deal Brexit will create tariffs, which will damage trade and cause prices to rise. Retail consultant Sean Collins of Rapid Grocery Market Clarity examines the likely impact on Ireland – and on the Irish consumer
To quantify the impact of Brexit on Ireland we first have to avoid going down rabbit holes and concentrate the analysis on the economic relationship between the UK and Ireland and, secondly, assume that we are heading for a hard Brexit.
The result will be tariffs applied by both the EU and by the UK. To allow us to quantify the impact let’s assume that while some product areas may be unaffected and others heavily affected, a mean tariff in both directions of circa 10% is a probable outcome.