John Whelan: Contagion from UK mini-budget is a real worry for Irish industry

Many companies, including many Irish ones, have seen the value of their investments fall as sterling has drifted down

Ireland's primary protection from the fall of sterling is the country's trade in dollars.

Dark clouds have descended over the UK economy, and the main question now is not if they have descended into recession, but whether it will be a deep or a shallow one.

The troubling thought of a collapsing economy on our doorstep, one we have a long and heavily intertwined business relationship with, comes at a very unwelcome time for Ireland’s traders and the economy as a whole.