How a $1.4 Million Contract Loss Shows No-Deal Brexit Cost

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By Dara Doyle

September 3, 2018 at 11:01 PM UTC

Updated on

September 4, 2018 at 10:56 AM UTC

This article is for subscribers only.

Want to know how no-deal Brexit fears are already hurting the U.K.?

Just ask Martin McVicar, who runs Combilift, which produces about 6,000 forklift trucks annually in Ireland for export. Up until this year, he imported seats costing about 200 euros ($232) apiece from a Welsh factory. Now, he’s switched the 1.2 million-euro contract to a German manufacturer, fearing a hard Brexit will hit his existing supply chain.