Belfast Telegraph

Irish bosses increasingly tense about no-deal exit

Irish business leaders feel that they are not ready for Brexit and want the Dublin government to deliver a budget for 2020 premised on a UK crash-out from the EU, the Republic's Institute of Directors (IoD) has found in its latest quarterly measure of business sentiment. (Yui Mok/PA)
Irish business leaders feel that they are not ready for Brexit and want the Dublin government to deliver a budget for 2020 premised on a UK crash-out from the EU, the Republic's Institute of Directors (IoD) has found in its latest quarterly measure of business sentiment. (Yui Mok/PA)

By Shawn Pogatchnik

Irish business leaders feel that they are not ready for Brexit and want the Dublin government to deliver a budget for 2020 premised on a UK crash-out from the EU, the Republic's Institute of Directors (IoD) has found in its latest quarterly measure of business sentiment.

Its report on the attitudes of 291 surveyed company directors and other business leaders showed that confidence was eroding as the October 31 Brexit deadline grows closer.

"Business confidence is plummeting," said IoD Ireland chief executive Maura Quinn.

"Our latest director sentiment monitor survey shows that the uncertainty evident over the past 12 months has intensified in the last quarter.

"The message is clear: Irish business leaders are worried and they want the government to take note and deliver accordingly in next month's budget."

Those feeling "more optimistic" about the Republic's economic prospects fell to just 15%, down 31 points from a year ago.

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