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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
It may be something that is being overlooked.
I wish to ask another question. We spoke about agriculture, which is in a frightening position. I come from the west, and the beef situation in particular will have an impact on counties like Mayo. Many of the small businesses I know at home and around the region are importing cars. The UK motor industry has estimated that it will face £40 billion in losses by 2024. Here, it is estimated that 12,000 jobs could be lost just within the motor industry. Connected with that is the question of what the Government will lose. The figure cited was of €231 million in tax losses. What is being put in place to mitigate against that? The impact of Brexit on the motor industry alone is scary. Has the ESRI examined this issue?
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