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 Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

We have experience of this in terms of our economic history. Let us say one is in business in Sligo and one is extremely law-abiding, but there may be other operators and businesses in the town that are less picky. What happens along the Border region is that the businesses that would like to be law-abiding are simply undercut to a very significant degree by the businesses that might not be so law-abiding in taxation terms. Does the ESRI get any sense that there has been any kind of thinking around this?

No Brexit, followed by a customs union and a Single Market are these least worst things. Although no Brexit is the best thing, but that does not look like it is likely to happen. Does the ESRI have any sense of how there might be, if necessary but hopefully not necessary, some development of structures that would seek to protect the law-abiding traders on both sides of the Border?

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