It’s been over two years since the UK voted for Brexit and still the world waits for the UK to relinquish its ties with the EU. There is huge anticipation and uncertainty over exactly how it will all unfold. Uncertainty and vagueness are breeding grounds for anxiety as nervous business owners wonder how their trade will be affected. Ireland has a lot at stake.
Historically we have had very close business ties with our nearest neighbours and have relied heavily on the UK market. With tighter borders, enterprise will have to navigate a potentially more restrictive trading environment with the UK (e.g. customs clearance, logistics, supply chain management). The impact of this is unknown and will require new learning and development of new skills.
However, we must remember that Brexit isn’t all bad news. Ireland has already gained from Brexit as many multinational companies have relocated from the UK to Ireland to retain access to the European market, thus creating more jobs and more money in our economy. To prepare for the adverse effects of Brexit and the possible opportunities Ireland could take advantage of, the government have launched a new report by the Expert Group on Future Skills Needs (EGFSN). The report identifies the new skill sets required to prepare for Brexit and identifies how Ireland can prosper from Britain’s exit from the EU.
Click here to read more about this report and government measures to attempt to mitigate the impact of Brexit.