Deloitte comments on the Brexit extension has been saved
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.”
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