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No-deal Brexit ‘catastrophic’ for Doonbeg man in London

IN London since 2002, 37-year-old Flan Vaughan of Doonbeg has been successful in business and runs both a haulage company and a plant hire company. The West Clare man said the vote to leave the EU has hit business quite hard. “I’d say our turnover would be down 25% over the last 18 months; it’s been winding down gradually. We were turning over five million, we’re back in the threes now.” He spoke to The Clare Champion on Wednesday, after Theresa May’s deal had been comprehensively rejected by parliament. Flan had hoped it would get through, while in the absence of an agreement, he would like another referendum. “A no deal is catastrophic for me anyway, absolutely catastrophic,” he said. The impact of the UK crashing out would see most of his business disappearing, he feels. “It’d be massive. I think it would take 75% of my work away. We would have to liquidate a lot of equipment and re-evaluate.” …

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