Paul Daly (Fianna Fail) | Oireachtas source

I thank the witnesses for the presentations. At this stage, all one can do about Brexit is talk about it unless one is in the House of Commons over the next seven days. We can talk about it until the cows come home. My questions follow the question from Senator Conway-Walsh who asked about State bodies. What contingency plans are being put in place by the individual companies the witnesses represent? What action is being taken with a view to addressing all possible outcomes of next week's proceedings in the UK and further down the line? What insulation have companies got for a mad fluctuation in sterling? Irrespective of the outcome, it is a matter of how markets read the outcome on a trading basis. While there might be no barriers and no divergence, sterling might fluctuate wildly. How are the companies insulated or how will they be affected? How do companies working cross-Border in two separate currency jurisdictions work so well from an export point of view? The drinks industry seems to operate on an all-Ireland basis but it is an island with two distinct currencies. How is that working now and how could it affect trading post-Brexit?