• Wednesday, Jul 08, 2020
  • Last Update : 09:11 am

Dublin: Brexit no-deal would have 'severe' impact on Ireland

  • Published at 07:22 pm December 20th, 2018
Leo Varadkar-Ireland's Prime Minister
Ireland's Prime Minister Leo Varadkar makes a statement at Government Buildings in Dublin, Ireland, November 14, 2018 Reuters

The Republic of Ireland is the United Kingdom's only land neighbour and maintaining a frictionless border on the island of Ireland has been one of the chief sticking points in securing a Brexit deal

A no-deal Brexit would severely hit every part of the Irish economy, the government said Thursday as it stepped up preparations for Britain's withdrawal agreement with the EU collapsing.

In a 133-page contingency action plan, the government said Ireland would have to go into crisis management mode, needing some 45 pieces of emergency legislation that would bring all other work in parliament to a grinding halt.

"For Ireland, a no-deal Brexit would potentially involve severe macroeconomic, trade and sectoral impacts," the report said.

"Brexit has the potential to impact every element of economic functionality: trade flows, supply chains, economic and business operations, the labour market and consumer confidence and spending."

The report said the agri-food, fisheries, aviation and road transport, pharma-chemicals, electrical machinery, retail and wholesale business sectors in particular would face pressure.

"There would be a very significant adverse economic and social impact and that Ireland would also suffer," it added.

The Republic of Ireland is the United Kingdom's only land neighbour and maintaining a frictionless border on the island of Ireland has been one of the chief sticking points in securing a Brexit deal.

The report says Ireland would likely be the most heavily impacted EU nation by a no-deal Brexit.

The withdrawal agreement struck between the British government and the European Union currently does not have majority support in the British parliament, making a no-deal Brexit more likely.

Britain is also stepping up its no-deal planning as in the EU.

"A no deal Brexit would require an immediate focus on crisis management," the Irish government report said.

The government has planned a meeting for January 3 to discuss the risks of a no-deal scenario.

The Irish Times newspaper said the report "brought home the full scale of the potential disaster which this country may have to confront in 100 days time."


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