Britain will not strike a deal with the EU on the basis of Theresa May’s Brexit speech yesterday, according IBEC CEO Danny McCoy on today's podcast. He says the British Prime Minister knows it’s going to be a no deal and she offered up a “fairly appalling vista for Irish business” in her speech.
“I think she knows it’s a no deal,” he says.
McCoy was joined by economist Jim Power, who said the Irish government badly needs to devote more serious attention to Brexit, and Cliff Taylor, who said their G7 status and strategic military importance will play in their favour.
Later in the podcast Irish Times Industry Correspondent Martin Wall and economist Sean Barrett discuss the problems and potential solutions for insolvency-threatened Bus Eireann.