Oireachtas Joint and Select Committees
Wednesday, 19 June 2019
Seanad Committee on the Withdrawal of the United Kingdom from the European Union
Engagement with the Central Bank of Ireland
Gerald Nash (Labour) | Oireachtas source
I have a direct question. The situation is comparable with the shock experienced in 2008 and 2009. The witnesses might be frank about the loss of output they expect in the event of a no-deal Brexit, the number of job losses, the quantum of business closures they might expect and where those businesses are located and in what sectors. While we know that, it is important for the witnesses to be clear on it. In real terms, what are we facing as an economy and society in the event of a no-deal Brexit? The reality is that whether we like it or not, given the political climate in Britain at the moment, we could very well be staring down the barrel of that no-deal exit gun.
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