Seanad debates

Wednesday, 14 December 2016

Finance Bill 2016: Report and Final Stages

 

10:30 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

A huge amount of work has been put into Brexit. It started before people in the UK took the decision on Brexit in terms of contingency planning but a number of measures were also introduced in the budget which were debated in the Seanad and in the Dáil to protect people and Irish companies who might now have an exposure as a result of what Brexit might mean when it comes about.

The Taoiseach has set up a Cabinet sub-committee. The Minister for Finance and I are on the sub-committee, as is the Minister for Jobs, Enterprise and Innovation. We are very aware of some of the pressures businesses are facing as a result of both the uncertainty Brexit has caused in the immediate term but also what may happen following the type of Brexit we will see in the future. It is something the Government is constantly looking at. Brexit is not something to which one just allocates one day or one person, all of Government is constantly assessing what may happen in regard to Brexit, what that might mean and, as a result, what we may need to do as a Government and in the Houses to protect Irish interests.

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