Oireachtas Joint and Select Committees

Tuesday, 6 December 2016

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Economic Impact of Brexit: Discussion (Resumed)

11:00 am

Mr. Máirtín Ó Muilleoir:

If I knew that I would not be a Minister for Finance but would working in the markets. We do not know about that but we know that while there will be a little bit of boom for Tesco, Sainsbury, Asda and the big stores along the Border on our side, the price of foodstuffs and goods in the shops are increasing because they are coming in from the eurozone and that will add to the cost for customers. It is still a tough time for people as we emerge from the recession and the price of the weekly shop is increasing because of this. The sooner the currency stabilises and gets back to some sort of equilibrium the better it will be all around.

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