Mr. Luke 'Ming' Flanagan:

We will have to find the money from somewhere for future budgets in the European Union. We are net contributors and will have to increase our contribution. One of the factors taken into account in calculating the contribution is the size of our economy and our gross domestic product, GDP. We must remember that only a couple of years ago, we were described as having a system of leprechaun economics. While those leprechaun economic growths in GDP may not trickle down to the people, the cost to the State rises because our contribution goes up. We need to take that into account when we massage our figures on GDP unrealistically.

As far as fudge is concerned, I think the Vice Chairman is suggesting it might be on the British side. Maybe it would and will be but the idea that someone will be worried about not being able to make future trade agreements because they would not be trusted is complete and utter rubbish. The European Union and Ireland trade with China, which harvests the organs of people who do not agree with certain people. Germany sells tanks to Saudi Arabia, not to plough the fields in Yemen and not just for money but in return for votes to host the World Cup. There are no morals or fairness when it comes to trading or doing deals. There are more morals in hell.