Uncertain times are ahead here post Brexit.
That's the warning from Waterford economist Jim Power.
British Prime Minister presented her 12 point hard Brexit plan and confirmed she'll take the UK out of the European single market.
Jim Power explained what that might mean for us:
"Well Britain's position has been clarified pretty comprehensively today.
It is a wishlist, and it is a wishlist that the European Union will agree or not agree to so we can till have no certainty as to what the future will look like.
I think anyone who regards Brexit as a significant challenge for the Irish economy and particularly for sectors like Agri & food they're absolutly spot on it is going to be the major challenge over the coming years and uncertainlty will be the name of the game."
John Deasy, Waterford Fine Gael TD is calling for EU protection for Ireland's agricultural industry to reduce the potential damage of a hard Brexit.
"I think all this needs to be dealt with in the next 2 year transitional period or else consumers here will find themselves paying alot more for British products.
One immediate step that needs to be taken is when you consider how much the argicultural industry ahs lost already.
Bord Bia has put that figure at €570 million already this year.
I think we need to demand that, the agri sector at least, should be exceptional state aid over the to mitigate any fall out over the next couple of years."
