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Deloitte comments on the Brexit extension

David Carson, Brexit Lead at Deloitte Ireland, said: “Business reaction to a further extension is muted - on the plus side it removes an immediate unknown and has removed the prospect of an imminent no deal scenario.  But those that have extensively prepared, for two different dates already, are frustrated to now have a third date to work towards.

“Prolonged uncertainty may continue to delay investment decisions that companies here in Ireland may be considering, and companies now face a further period of limbo. Those Irish businesses that have invested significant time and money to get Brexit-ready will be keen for there to be clarity in advance of the 31 October deadline.

“For those businesses that are still trying to take stock of what Brexit may mean for them, our advice is to continue to consider all options and those steps that potentially add value to your business whatever the direction of Brexit. Identifying the impact of Brexit on market access and supply chains and customs, in addition to reviewing contracts is very important, as is keeping abreast of the latest requirements and guidance issued by the Governments and agencies in both Ireland and the UK. Regular engagement and communication with employees is critical, and of course, keeping close to customers remains of paramount importance.”

-ENDS-

 

 

For Further Information Please Contact

Aoibheann O’Sullivan

Murray

01 498 0300

087 6291453

aosullivan@murrayconsultants.ie

Claire Quinn

Deloitte

01 417 2356

087 9777783

cquinn@deloitte.ie

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.

As the largest global professional services and consulting network, with approximately 263,900 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.

In Ireland, Deloitte has nearly 3,000 people providing audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.

In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP, is the Ireland affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NWE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

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