The Conservatives and Theresa May have made a deal with the Democratic Unionist Party in order to form a government after the election that took place on the 8th June and resulted in a Hung Parliament. As a art of the deal that has been made between the two political parties, the Conservatives have agreed a £1 billion investment that could be good for the exporters and freight companies that are based in Northern Ireland.
Fastlane International has suggested that although initially the planned investment seems positive, the hard-line view on how Brexit should be negotiated could have a negative impact on the volume of cross border trade.
The deal that has been struck between the DUP and the Conservatives is not without controversy and the extra funding looks like there could be more investments and improvements taking place in the transport sector because of the funding. The funding has been said to benefit the transport operators and the export sector in Northern Ireland.
Fastlane International, the global delivery experts that operate around the world and are based in London, have said that the funding is acting as a stopper in order to make sure the deal goes ahead in order to allow the Conservative to form a government could actually end up being a bad thing. The infrastructure in Northern Ireland is in significant need of improvements with those operating in the Northern Irish industry have had to work through bottleneck junctions that are notoriously well known such as York Street junction. The new deal that has been signed by the DUP does also specifically mention work on the problematic junction.
However, it is thought that enabling the conservative to carry out Brexit negotiations, and their plans for a ‘hard Brexit” means that a wide range of businesses could have their prospects significantly reduced. The money could improve transport links however the question is at what cost?