Oireachtas Joint and Select Committees

Wednesday, 22 February 2017

Committee on Budgetary Oversight

Fiscal Outlook, Competitiveness and Labour Market Developments: Discussion

2:00 pm

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Since Brexit was announced there has been one substantial announcement of a significant employer in the North planning to move operations to the South. Most of the media and economic comment is of movement in the opposite direction. In other words, it is expected that there will be potential employment opportunities, admittedly in the financial services area, in Dublin. I have not heard any commentator speak about Brexit in relation to the race to the bottom argument, which I accept is a legitimate issue to raise. In other words, I have not heard comment to the effect that because the UK will not be in the European Union and will no longer be a party to the convention on human rights, we will return to a very historic relationship between employers and employees in the UK. I have not heard any comment in that regard, which is why Ms King's contribution is interesting. From where is she garnering that view?

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