Fianna Fail Deputy for
Roscommon/Galway Eugene Murphy has called for a calm and careful analysis of
the impact of Brexit on the Irish economy.
Deputy Murphy said that the
overall economic fallout for Ireland of the UK decision to leave the European
Union (EU) will take time to become clear and will require careful economic and
political management.
Deputy Murphy said that the
result of the UK referendum would have major consequences and was disappointing
from an Irish perspective.
“Sterling has plummeted and
this will cause an immediate problem for Irish firms exporting to the UK and in
the wider conduct of cross border commerce. I am also deeply concerned about
the impact on the agricultural export market which is a vital contributor in
our economy and with the UK’s exit from the EU we have lost one of our closest
allies as Britain is our biggest trading partners in Europe,” said Deputy
Murphy.
The Fianna Fail Deputy said that much will now depend on the negotiations
around the UK’s exit from the EU. “Until the shape of the UK exit and its post
Brexit relationship with Ireland and the remainder of the EU becomes clear,
there will be an inevitable period of uncertainty.
There will also be a
lot of uncertainty around the issue of travel as the UK and Ireland have
enjoyed a common travel agreement since the 1920s which was strengthened by EU
membership. Brexit may now see some sanctions re-imposed, especially since
migration was the recurring issue for Leave voters. There may also be
implications for British citizens living in Ireland as they may have to apply
for dual citizenship or new passports,” said Deputy Murphy.
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