Ireland's finance minister will present a 'no deal' Brexit budget...
DUBLIN - Ireland’s finance minister will present a “no deal” Brexit budget for 2020 on Tuesday, detailing how he will keep firms afloat and allow the state’s finances to return to deficit if Britain leaves the European Union in a chaotic manner.
Ireland is considered the most vulnerable among remaining EU members to Brexit due to its close trade links and shared land border with the United Kingdom. The Irish government has warned economic growth could come to a near halt next year, putting up to 80,000 jobs at risk if Britain crashes out of the bloc.
“A ‘no-deal’ exit would deliver a major shock to the rural economy. Those most vulnerable to job losses are already living in areas with fewer opportunities, a lack of other viable employment and lower incomes,” the Irish Business and Employers Confederation’s chief economist Gerard Brady said.
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