Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

We have already published our own estimates regarding what impact we believe a disorderly Brexit would have on our economy. They are included in the stability programme update which, as the Deputy said, we will discuss this afternoon. The figures we have published on the impact on the Government's financial position assume we would need to borrow to ensure our income support programmes and social insurance schemes would be able to meet the additional demand on them. There is a huge amount of conjecture regarding what would be the effect per home and per citizen because the event we are facing into is unique and we are still unsure what it will look like. The one thing that is clear is a Brexit scenario of any kind will not be as good as the trading relationship we have at present with the UK. It will shift and this will affect our economy. This means the schemes we have in place to support citizens and families will be needed.

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