Tag Archives: the EU

DÁIL SPEECH ON BREXIT SEPTEMBER 2017

I attended the Committee for Budgetary Oversight earlier today and it was good to hear that the Minister for Finance is to introduce a Brexit package to support Irish businesses, exporters and hopefully the Irish farming sector. Witnesses at a recent Committee for Budgetary Oversight, including the Irish Tax Institute, IBEC and the chambers of commerce, all called for additional supports for companies that will be strongly impacted by Brexit whether in 2019 or 2021. I hope that any such tax expenditure will have detailed costings and that a time cap is put on whatever provisions the Minister will bring forward. Undoubtedly some supports are necessary for Irish industry and agriculture and the EU 27 should contribute heavily to their funding. I welcome that the Minster for Foreign Affairs and Trade, Deputy Coveney, inaugurated the stakeholders’ forum. The reality of the vital necessity to protect the North of Ireland and its people, in respect of Brexit, came home to us recently when the UK Office for National Statistics, in conjunction with Northern Ireland Statistics and Research Agency and Ireland’s Central Statistics Office showed us quite clearly the incredible amount of interaction between the North and the South. There are 110 million Northern Ireland and Republic of Ireland crossings back and forth annually and a huge number of rail passengers.