Oireachtas Joint and Select Committees

Thursday, 15 December 2016

Joint Oireachtas Committee on the Implementation of the Good Friday Agreement

Implications for Good Friday Agreement of UK Referendum Result: Discussion (Resumed)

2:10 pm

Photo of Gerard CraughwellGerard Craughwell (Independent) | Oireachtas source

I will try to keep out of politics. Bearing in mind the joint venture, in respect of which reference was made to Cavan, Down, Armagh and Louth, I believe the whole arrangement would be so unworkable in the event of a hard border. There will be no solution other than a hard border if Brexit proceeds at the rate it is going. I can see nothing but a hard border ahead of us. That would be detrimental.

On the matter of insurance, the product being referred to is just incredible, as the Chairman has said. Young people in the South of 27 or 28, who are not that young, may buy a car for €1,000 and then receive a quotation of €6,000 for insurance. Clearly, with an app such as that mentioned, this market could be challenged. If Brexit occurs and there is a divergence in regulation, would it make this market impossible to enter? If the regulation were on the UK in general, there would be a much bigger market. The market here would be relatively limited. Would that limit insurance providers?

I am sorry for asking so many questions but these are matters that interest me.

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