Former UK chancellor Ken Clarke in Brexit warning for Ireland

A former British chancellor of the exchequer has warned that there would be huge economic consequences for Ireland if Britain leaves the EU, adding that uncertainty has already begun to hinder the UK economy.

Ken Clarke, a prominent pro-EU Conservative Party member who held senior ministries in various Tory governments, said ‘Brexit’ is fraught with huge uncertainty and warned its impact on trade between Ireland and Britain is unknown.

A vote to leave the EU could also pose significant political problems and risk undoing some of the progress made between the two countries, he added.