'No deal' Brexit will send Budget into €5bn deficit, Donohoe claims

A 'no deal' Brexit would turn next year's Budget surplus of €1.2bn into a near €5bn deficit, Finance Minister Paschal Donohoe has confirmed.

Mr Donohoe and his officials will prepare this year's budget with two clear and differing scenarios in mind. One in the case a deal is reached and one where Britain leaves the EU without a deal.