Brexit report sees ‘severe’ hit to Irish wages and jobs as best-case scenario

Even the most benign outcome for Ireland, in which the British strike the softest of Brexit terms with the EU, would be bad news for growth, jobs, and the national finances in Ireland, a new report has found.

The Economic and Social Research Institute — the ESRI — and the Department of Finance say that “the potential long-term impact of Brexit on Ireland is severe”.

This conclusion is based on their joint economic simulation of the 10 years after the UK completes its divorce from the union.