The government has been urged to establish Brexit hubs across the country to help hospitality and drinks businesses offset the costs of Britain’s exit from the EU. A drop off of more than a fifth in the value of the sterling, along with a decrease in UK tourism and an increase in cross-border shopping are of “particular concern” to the sector, according to a report from Drinks Industry Group of Ireland (DIGI). The report, written by Anthony Foley, an economist at Dublin City University, suggested that schemes such as Enterprise Ireland’s “Be Prepared Grant” should be opened up to businesses in the hospitality industry. The grant offers companies up to €5,000 to help cover expenses associated with developing their post-Brexit strategies. Mr Foley proposed the…

Source: The Times September 24, 2017 23:03 UTC