Belfast Telegraph

Theresa May is 'damned bad' PM, says Irish business chief Danny MCoy

By Colm Kelpie

Therea May is a "damned bad" Prime Minister for business because she's taking her country out of the single market and turning talent away from the UK, an Irish business leader has said.

But Danny McCoy, director general of business organisation Ibec, said the Republic could gain a competitive advantage from the Prime Minister's stance.

Mrs May has also warned the European Union that no deal was better than a bad deal.

Mr McCoy said that the UK's focus on controlling migration should be to the Republic's advantage. "She's not a great Prime Minister for British business, or business more generally.

"In fact, she's a damned bad one in the sense of walking away from the single market without trying to strike a good deal.

"The nonsense of 'no deal is better than a bad deal' stuff is really heading them towards a cliff edge and then hoping to get a transitional arrangement.

"She's turning away talent and she's making the talent that's already there feel like moving - and so that should give us a competitive advantage." Mr McCoy will address today's Trinity Global Business Forum in Dublin, which will include a discussion on Brexit. Meanwhile, Ireland's financial services minister Eoghan Murphy has warned that Ireland faces "dangerous competition" for Brexit-related spoils.

Belfast Telegraph

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