Dáil debates

Thursday, 7 March 2019

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Brexit Preparations

10:30 am

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail) | Oireachtas source

We are all trying to support businesses. However, what is important is not the amount of money that is available in the pot but the amount that can be made available to an individual company out of it.

If there is a rapid devaluation of sterling, Irish companies that are wholly dependent on the UK market will be in an immediate crisis situation in the first week of April. We should not have to go to the EU to renegotiate the state aid rules, outside of what is there already, to be able to inject liquidity into those companies to provide cashflow in the short to medium term. The issue is not the amount of money that is available but the amount that can be given to individual companies. I ask the Minister to consider that issue because it is critical.

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