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

Dr. Martina Lawless:

No. The Irish Fiscal Advisory Council’s report published this morning very much looks at the overall picture of the economy. There was no disagreement that the basis of the budget being the risk of a hard Brexit was not a sensible thing to do. The criticisms were slightly more on the spending control side of the Government’s accounts and the risk associated with both corporate tax and, as we spoken about, that the forecasts of Brexit are a central scenario and that various elements in terms of supply chains will hit some particular sectors that are very difficult to measure.

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