Oireachtas Joint and Select Committees
Thursday, 11 May 2023
Joint Oireachtas Committee on the Implementation of the Good Friday Agreement
The Economics of Northern Ireland and the All-island Economy: Economic and Social Research Institute
Dr. Seamus McGuinness:
This is another argument around the subvention scenario. What happens to the North's share of UK debt? Many people will say that is added on in that in the 1920s, I think, that is what happened on the foundation of the southern State. The argument I was making there is that people are looking at the North's share of UK debt but the North also has a share of UK assets and, again, in any negotiations around reunification, and there would be negotiations, it is reasonable to assume, and the argument could be made, that the debt would be set off against any claim to the assets.
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