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PRIVACY
Economic Development

Northern Ireland business bodies vent frustration at yet more Stormont upheaval

Paul Givan's resignation dents business confidence and damages international reputation, they say

Northern Ireland's former first minister Paul Givan resigning yesterday

Northern Ireland business bodies have pulled no punches in their criticism of the DUP’s decision to stand Paul Givan down from his role as first minister.

They have claimed the resulting uncertainty and likely collapse of the Executive increases headwinds for the economy at the worst possible time and damages the region’s international reputation.

The comments come as DUP leader Jeffrey Donaldson told the BBC that even after an election it would be difficult for the party to form a government if issues around the Northern Ireland Protocol remain in place.

The protocol, put in place to ensure the free flow of goods on the island of Ireland in the wake of Brexit, annexes Northern Ireland from the rest of the º£½ÇÊÓÆµ, according to the DUP, by imposing checks on goods entering the province from Great Britain. Their decision to stand Mr Givan down is an attempt to force the Westminster government and European Union to remove the effective Irish Sea trade border.

Some of the most influential business lobbying groups have been scathing of the move.

“Combined with the directive to suspend checks at ports, this decision creates an unsustainable level of uncertainty for businesses, at a time when they need support and stability,” NI Chamber President Paul Murnaghan and Chief Executive Ann McGregor said in a statement. “It also has the potential to seriously damage local and international business confidence.

“The ramifications of this are far-reaching, impacting not just on business. People are facing significant challenges, with societal issues like fuel poverty affecting individuals and families already. Another political crisis exacerbates these problems and stalls progress for everyone.”

Gordon Milligan, Chair of the Institute of Directors Northern Ireland, said the now likely collapse of the Northern Ireland Executive is the last thing that businesses here could possibly want.