The Drinks Industry Group of Ireland (DIGI) has called on the government to adopt a pro-enterprise view on economic and fiscal planning in response to Brexit uncertainty.
In the statement, made ahead of the Summer Economic Statement delivered by the Minister for Finance and Public Expenditure and Reform, DIGI called on the government to frame Budget 2020 with Brexit in mind.
DIGI said that a conversation needs to happen about Brexit, 'within the context of the current economic reality, the difficulties that could arise, and the uncertainty that exists in relation to [Brexit]'.
The drinks group called on the Government to take “a long-term, pro-enterprise view to its economic and fiscal planning and avoid any reactionary or short-term measures which have a negative impact on businesses in response to Brexit uncertainty”.
“The consequences of Brexit, be it orderly or disorderly, will impact Ireland significantly and we need to be ready and prepared for all eventualities,” DIGI said in a statement.
It also specified the need to support industries that are most vulnerable such as tourism, who had decreasing figures from January to March 2019 compared to the same period the year previous.
These industries will face the negative consequences of Brexit and the DIGI have asked that they are given support when it comes to taxation policy and that this support should be a priority.
“We need a Budget that will incentivise, safeguard and support immediately, create a soft landing for the near future and allow sectors to develop post the October 31 deadline,” said the Drinks Industry Group of Ireland.
“The Minister, the Taoiseach and their officials must support and enhance our long-term competitiveness in a post-Brexit EU,” it said.
© 2019 Checkout – your source for the latest Irish retail news. Article by Helen Galgey. Click sign-up to subscribe to Checkout.