Oireachtas Joint and Select Committees

Wednesday, 26 September 2018

Committee on Budgetary Oversight

Ex-ante Scrutiny of Budget 2019: Minister for Finance

1:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I have one further issue. Perhaps I can come back in later. In respect of the impact of a no-deal Brexit on our economy and budget, the Minister spoke about the baseline assumption being that a transition period up to the end of 2020 will be agreed. If that does not happen - a possibility for which we must be prepared - does the Minister have an assessment of what would be the impact on the economy and on the budget for 2019 of the UK crashing out of the EU without any deal or transition period being agreed? I understand that the recruitment of up to 1,000 customs and veterinary inspectors has been approved. Where stands that process and when does the Minister expect the additional people to be recruited?

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