Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Impact of Brexit on Ireland's Economy: Economic and Social Research Institute

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Budget 2020 was presented and voted upon a couple of weeks ago. It looked at a no-deal scenario, examined Brexit contingency and mitigation measures, and made significant funding available. We are discussing a deal scenario as opposed to a no-deal scenario and a deal is probably the best-case scenario for this State aside from reversing Brexit. Our guests are clearly outlining that these sectors and particular rural regions will be seriously affected. Is it the view of our guests that there will be a requirement for mitigation in a deal scenario? Our guests are clearly outlining that there will be significant impacts on investment and trade that will be concentrated, to a certain degree, in particular sectors that would require State intervention.

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