Oireachtas Joint and Select Committees
Tuesday, 30 May 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Brexit - Recent Developments and Future Negotiations: Discussion (Resumed)
4:00 pm
Dr. Aidan Regan:
I actually do not think that Ireland is very competitive in attracting much FDI from London and that is precisely because we do not have the local capacity in the city in Dublin. Housing, for example. Most of these firms are very aware of this. They have been over doing their work, they talk to people, they know the public infrastructure, they know about the quality of the health care and the education system and they know about the massive shortage of available housing. Even if Ireland got a small percentage of that FDI from London, let us say it is 1%, let us say it is 10,000 jobs, that is also going to put massive upward pressure on existing services such as housing. We have to have a holistic approach when examining this and while it is important that industry and Government call and push for this and welcome it, a more objective economic analysis would have to look at those factors.
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