Oireachtas Joint and Select Committees

Wednesday, 6 December 2017

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

2:00 pm

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

I welcome the team from IFAC. To return to the Brexit scenario the Secretary of State for Exiting the European Union, Mr. David Davis, told the British Parliament this morning that Brexit would provoke a paradigm change in the United Kingdom economy similar to the crash of 2008. If that is true, would it fit into the advisory council's forecast or would the consequences be more excessive than it has forecast?

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