The 100-page Brexit contingency plan that was presented to the Irish Cabinet had three memos covering preparations in about 20 areas, including: aviation, ports, road haulage, retail, tourism and medicines. Tanaiste Simon Coveney told reporters that a no-deal Brexit would mean a “ fundamental disruption “ to how the all-island economy functions and would put a strain on both trade and political structure that underpin it.
Ireland could be looking at a €5 billion economic hit, the UK could be facing a £90 Billion hit according to Treasury figures there, and a £30 Billion hole in the finances according to the Office of Budget responsibility.
A Stormont report suggests Northern Ireland could take a 40,000 jobs hit, along with the cessation of the £800 million North -South agri-food trade.
All very serious stuff indeed, if there is a no-deal.
