EMNI reminds NI MPs of latest analysis of effects of No-Deal on NI economy

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The European Movement in Northern Ireland has urged local MPs to be mindful of the latest analysis which warns that leaving the EU without a deal could cost the NI economy almost £5 billion by 2034.

The study by the CBI reveals how Northern Ireland could be among the areas of the UK most exposed to the economic fallout from leaving the EU without a deal.

With 57% of Northern Irish goods exports going to the EU, any increased trade friction, added costs or delays would hit the region particularly hard.

The CBI study can be found below:

http://www.cbi.org.uk/insight-and-analysis/impact-of-a-no-deal-brexit-across-the-uk/

An EMNI spokesperson said:

“Over the last few years since the referendum, we probably know more about how much Northern Ireland has benefited from EU than in all the years of membership. Through the Single Market, Customs Union, CAP, the Common Arrest Warrant, Erasmus, Peace funding and other programmes, such as ERDF and ESF in particular, the EU affected us all in NI enormously. The case was never actually made for us to leave, except to risk all we had on vague notions promised by snake-oil salesmen.”

The spokesperson said it was ‘sheer folly’ for all-but-one of our local MPs to reject the EU Withdrawal Deal for the uncertainty of the next two months, increasing the risk of a No Deal Brexit.

“In the 2016 Referendum 30,960 people voted overwhelmingly to Remain in the EU in South Belfast, compared to 13,596 to Leave. Yet, the MP for that constituency has voted against a deal that contained the vital backstop, which had the support of the umbrella organisations representing civic society here, plunging us into more uncertainty and making a catastrophic no-deal Brexit more likely. We’ve seen the latest CBI analysis which paints a stark future for NI in such a scenario. This is not a viable option. We remind our MPs that NI voted remain. We need our MPs to represent the  concerns of the majority in their negotiations with Theresa May. If her agreement cannot be won, the Prime Minister should suspend Article 50 and put her deal to the people, with an option to remain if rejected. Then parliament should then finally decide based on the definitive opinion of the people.”

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