Willie Penrose (Longford-Westmeath, Labour) | Oireachtas source

I agree with the Minister. Some 80,000 tourists come here annually because of our racing industry. That will be under threat owing to unfavourable rates of exchange. In 2016, Irish-trained horses ran about 1,500 times in Britain, winning prize money of €15.3 million and, in reverse, there were only 309 British runners here and they only won €3.9 million. Britain relies heavily on Ireland and France to source racehorses and 75% of runners in British fixtures are either Irish-bred or French-bred. The importance of Brexit cannot be overemphasised with regard to this industry.

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