by Cactus Jack » Fri Jun 25, 2021 7:07 pm
A collapse in British exports to the Republic of Ireland since Brexit has handed Dublin an extraordinary trade surplus with London, new figures show.
The Irish government says new trading red tape explains a €2 billion plunge in the value of goods sales – 47.6 per cent in the first quarter of this year, compared with the start of 2020.
It is revealed after ferry routes were expanded between the country and France, to bypass British ports mired in the extra paperwork brought by Boris Johnson’s trade agreement.
The figures, published by Dublin, suggest its companies have switched to buying products directly from EU countries, rather than from across the Irish Sea.
https://www.independent.co.uk/news/uk/p ... 71900.htmlThere's something even more remarkable behind this. Whereas the trade between the UK and Ireland was always heavily in the UK's favour the reverse was true of trade between Ireland and the six counties.
Now that has reversed too. So while the UK as a whole has seen it's market in Ireland collapse - not just because unlike the British the EU had prepared for Brexit but also because obviously there were plenty of other suppliers across 27 countries for Irish businesses to switch to - Northern Ireland has tied itself much closer economically to the Republic.
I would imagine there must be many jobs that were once on the British mainland have been moved into Northern Ireland where it's easier to fulfill Irish orders from inside the single market.
[quote][img]https://static.independent.co.uk/2021/06/24/10/image%20%289%29.png?width=640&auto=webp&quality=75[/img]
A collapse in British exports to the Republic of Ireland since Brexit has handed Dublin an extraordinary trade surplus with London, new figures show.
The Irish government says new trading red tape explains a €2 billion plunge in the value of goods sales – 47.6 per cent in the first quarter of this year, compared with the start of 2020.
It is revealed after ferry routes were expanded between the country and France, to bypass British ports mired in the extra paperwork brought by Boris Johnson’s trade agreement.
The figures, published by Dublin, suggest its companies have switched to buying products directly from EU countries, rather than from across the Irish Sea.[/quote]
https://www.independent.co.uk/news/uk/politics/brexit-collapse-in-british-exports-hands-irish-republic-a-trade-surplus-b1871900.html
There's something even more remarkable behind this. Whereas the trade between the UK and Ireland was always heavily in the UK's favour the reverse was true of trade between Ireland and the six counties.
Now that has reversed too. So while the UK as a whole has seen it's market in Ireland collapse - not just because unlike the British the EU had prepared for Brexit but also because obviously there were plenty of other suppliers across 27 countries for Irish businesses to switch to - Northern Ireland has tied itself much closer economically to the Republic.
I would imagine there must be many jobs that were once on the British mainland have been moved into Northern Ireland where it's easier to fulfill Irish orders from inside the single market.
