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No Deal Brexit to Hit Horse Racing Hard

Jake Cooper | 08 Jan 2019

Horse Racing ImageA no deal Brexit will have negative consequences for horse racing in Ireland and the UK. Irish horses have been doing better than ever before in the biggest events in the United Kingdom recently, but if the deal goes through, it will become a lot more difficult for horses to be moved from one country to another. This is bad news for the future of the sport.

Some of the biggest racing festivals, like Aintree Grand National, Cheltenham, and Royal Ascot, all heavily depend on Irish horses taking part and placing well. They do a lot for the events in terms of competition, and the enthusiasm of the Irish public has seen them drawing a lot more interest than usual. The number of people attending these races will lessen, too. With current estimates putting more than 10 000 Irish men and women at the Cheltenham Festival each year in March, no animals from Ireland taking part will see this figure drop.

Details on No Deal Brexit

With the 29 March 2019 deadline quickly approaching for the UK to leave the European Union, there are concerns that the two bodies will not be able to reach an agreement about their future relationship in time. This is not good for the United Kingdom, and the political strife in England, Scotland, Wales, and Northern Ireland during the negotiation processes has not helped. No deal means no 21-month transition period, and the exit from the EU will have to be dealt with all at once by businesses, consumers, public bodies, and the like. Companies will need to pay external European Union tariffs, which will inevitably lead to running costs rising.

Certain countries from the European Union may no longer do as much business with the United Kingdom either, and manufacturers may well leave the region in order to hold on to benefits from freedom of trade with other countries in the Union. Immigration laws for those who live and work in both areas will also become a lot stricter.

Many EU subsidies will disappear, as well, and there are serious issues regarding the Irish border. A hard border being introduced to separate North and South could well be the case, and trouble looms on the horizon if this were to occur.

It’s easy to see why everyone is hopeful that a deal will be reached in good time.

Source:

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