Skip to main content
Become a member
  • Register
  • Login

Register Login

Article

News Press Releases Global Business Brexit - Press releases

NI protocol news ‘a much-needed relief’ but new figures reinforce need for deal

09 Dec 2020

flags

The IoD has welcomed agreement on implementing the Northern Ireland Protocol as set out in the Commons by Michael Gove today, but warned that a wider trade deal remains crucial to minimise disruption.

Less than half of company directors who move goods between Great Britain and Northern Ireland polled in a new IoD survey felt prepared for the Protocol becoming operational on 1st January.

Responding to the Chancellor of the Duchy of Lancaster’s statement, Allie Renison, Senior Policy Advisor at the IoD, said:

"Today’s statement comes as a much-needed relief, as it offers some further clarity on implementing the Withdrawal Agreement. These are details business leaders have been anxiously waiting for, for some time.

“However, while the full text is yet to be published, it’s already clear that a trade deal is needed to minimise the Protocol's most disruptive effects. Piecemeal exemptions and staggering the impact of certain new rules for trade across the Irish Sea is welcome but avoiding permanent damage and disruption ultimately still depends on wider provisions between the UK and EU. The more both sides can agree on tariffs and regulatory standards, the less overall impact there will be on both external and internal UK trade.

"The fact that less than 1 in 2 directors affected by the Protocol feel ready for it speaks to the impossible situation businesses find themselves in. Preparing amidst a pandemic, multiple lockdowns and in advance of knowing the detail is an incredibly tall order.”

Full survey results

166 respondents, conducted between 26 November - 7 December 2020

Does your organisation feel prepared for the Irish protocol becoming operational from January 1st?

Yes

47%

No

34%

Not sure

19%


Previous survey results on businesses’ Brexit readiness

960 respondents, conducted between 26 November - 7 December 2020

Which of the following statements best reflects your organisation's preparedness for the end of the Brexit transition period on 31 December 2020?   

Fully prepared

26%

More preparation to do - we will be prepared by the end of the year

22%

More preparation to do - not sure if we will be prepared by the end of the year

29%

Brexit will not affect our organisation

19%

Don't know

5%

 

[Of all those impacted by Brexit] Do you feel your organisation's ability to be ready for Brexit changes are impacted by the current negotiations?

Entirely dependent on the outcome of negotiations to be ready/prepared

21%

Somewhat dependent on the outcome of negotiations to be ready/prepared

36%

Our ability to be ready/prepared is not very dependent on the outcome of negotiations

21%

Our ability to be ready/prepared is not dependent on the outcome of the negotiations at all

18%

Don't know / Not sure

4%

 

[Of those who were not fully prepared for the end of transition] Do you feel your organisation's ability to be ready for Brexit changes are impacted by the current negotiations?

Entirely dependent on the outcome of negotiations to be ready/prepared

27%

Somewhat dependent on the outcome of negotiations to be ready/prepared

45%

Our ability to be ready/prepared is not very dependent on the outcome of negotiations

20%

Our ability to be ready/prepared is not dependent on the outcome of the negotiations at all

5%

Don't know / Not sure

3%

Coronavirus Hub - IoD

An error has occurred. Error: Related articles is currently unavailable.

Contact our press office

Press office

IoD Professional Development Brochure

Knowledge, skills and mindset for a challenging world

IoD courses are designed to tackle the core competencies needed to thrive at board-level.

Download course brochure