Brexit ‘would cost us €4bn’

A British exit from the EU following the upcoming general election could wipe almost €4bn off the value of Irish exports.

The exit would have significant ramifications for Ireland given its close ties to Britain particularly for exports.

Assuming the UK would negotiate a bilateral trade agreement similar to those already in place with other countries if it were to leave the union, trade between the UK and its EU trading partners would fall almost 22%, according to ESRI associate research professor Edgar Morgenroth.