JAMES HUGHES/PA Wire/PA Images A number of the UK’s leading firms are developing the belly buttons of their customers, with some already doing so in Ireland.
A number of UK’s top companies are developing a range of body jewelry that is made in the UK, with many using the Irish border to move goods around the EU.
The Irish border has been a source of contention for some of the world’s biggest companies in recent years, with a string of scandals involving tax avoidance and lax border controls, as well as the Brexit vote.
However, the Irish government is hoping to ease its restrictions on foreign investment in the country in the wake of the Brexit referendum, which led to the closure of many companies.
The European Commission last year proposed a scheme to provide a legal framework for EU firms to bring their goods to Ireland, allowing for the establishment of new businesses in the north of the country.
It also proposed a European Investment Bank to provide support for the Irish economy, and also for the provision of banking services.
It is the first time that the Commission has proposed such a scheme for the UK.
The new EU-funded fund, called the European Investment Fund (EIF), will allow investors to contribute up to €1bn to fund investment projects in Ireland, in a move that is likely to fuel tensions between the two countries.
The EIF will also provide financial assistance to businesses that are considering relocating their headquarters, as Irish businesses have been accused of being a major hurdle for companies seeking to expand in the North.
Ireland’s economy has been on a downward trajectory, falling into recession in 2015, with growth slowing to 0.4pc in the first quarter of 2019.
The economy has since recovered to grow by around 1pc in 2020, but that is expected to slow further, with the economy forecast to shrink by around 2pc this year.
Some companies have said they will not relocate to the UK due to the border restrictions, while others have said it is better to stay in Ireland than to move to another EU country.
There are also concerns that some businesses will leave Ireland to open new business elsewhere in Europe.
Ireland, which joined the EU in 1973, has been one of the biggest beneficiaries of the free trade agreement between the bloc and the United States.
Under the deal, the UK has been allowed to negotiate tariffs and other trade barriers on Irish goods.
The country has been also able to access some of its most lucrative exports to the EU, including car parts and chemicals, and has benefited from the UK being a more reliable trade partner.
The UK also has access to a number of services in the EU and the European Economic Area, such as the single market and passport-free travel for the bloc’s 28 member states.