Hard Brexit could cost island of Ireland €42.5 billion over seven years

Unity could benefit Ireland by more than €23 billion up to 2025, researchers claim

Dr Kurt Hubner: Irish unification would provide the “dynamic” that would lead to greater productivity, higher output and increased investment where the Republic could absorb such costs. Above, Hubner at the launch of the report in Belfast. Photograph: Rebecca Black/PA

Dr Kurt Hubner: Irish unification would provide the “dynamic” that would lead to greater productivity, higher output and increased investment where the Republic could absorb such costs. Above, Hubner at the launch of the report in Belfast. Photograph: Rebecca Black/PA

Over the next seven years the unification of Ireland could benefit the country by €23.5 billion, while a hard Brexit could cost the island €42.5 billion, a new economic study published on Wednesday has argued.

The report, The Costs of Non-Unification: Brexit and the Unification of Ireland, contends that in the event of a hard Brexit where the United Kingdom leaves the customs union as well as the single market of the European Union that Northern Ireland would suffer a loss of €10.1 billion.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.