Oireachtas Joint and Select Committees

Wednesday, 22 February 2017

Committee on Budgetary Oversight

Fiscal Outlook, Competitiveness and Labour Market Developments: Discussion

2:00 pm

Ms Patricia King:

I mean the impact of Brexit on jobs. IBEC has made some very strong points regarding agri-food. An equal point could be made regarding chemical-pharma. Chemical-pharma faces a double whammy because of the actions of the United States regarding tax. That might wash through the system and have some effect here in our domestic economy.

Congress is an all-island body. We have a remit to represent workers across the island. If there is an export level of 56% of goods from Northern Ireland, two thirds of which is into the Republic of Ireland, and there is some interruption to that there is going to be an effect on jobs on both sides of the Border. I get no sense of urgency from the establishment regarding the level of job loss that could happen in the discussions that I have heard to date in terms of preparation for that very serious set of negotiations that will happen. We are here in the Oireachtas representing the Republic of Ireland. It could be very bad, and there are indicators to suggest that. If there is a trade barrier that will interrupt that €30 billion of trade between the two countries that could have a very bad effect. We have set this out in some short policy documents we have put forward on this.

I am not sure that there is a plan, and I asked in Dublin Castle if there was a plan to deal with the fall-out.