Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Can I just make a point? A novel technique is being used here where the text of previous witnesses is being presented in real time. I hope this is used fairly in other committee meetings and I am sure it will be but Mr. Coffey also said earlier on that day:

A large budget deficit could emerge due to falling taxes and rising unemployment-related costs. This is even before potential customs infrastructure and supports for hard-hit sectors are considered.

That is the point I am making. If a no-deal Brexit occurs and we must deal with the consequences of that in real time, the State may need to look at the options that are open to it, apart from its ability to raise revenue through tax measures.