Oireachtas Joint and Select Committees

Tuesday, 16 May 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Brexit - Recent Developments and Future Negotiations: Discussion

4:00 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

The effect of Brexit is not going to be evenly spread across the economy in terms of sectors or geographically. Some of the areas that need the most help are those which are going to be the worst affected. Some of those that might see some silver lining to the fairly dark cloud are the areas that are possibly overheating already, for example opportunities for jobs in finance which are likely to be in Dublin and urban areas. In terms of agriculture we have heard previously that tariffs might potentially be between 30% and 50% on items such as dairy and meat.

That affects rural areas far more than urban areas and affects agriculture more than finance. What preparation can we do to mitigate that in so far as we can? It is a broad question and I realise we have time limitations, but it is the areas that could do without this the most that will be the most affected. If we did get a huge amount of jobs here, we would have a difficulty housing all the people and finding office accommodation for them in the short term, if not the medium term.

Comments

No comments

Log in or join to post a public comment.