Brexit likely to cost Irish Government €3.2bn

The shock decision by the British people to leave the European Union is likely to cost the Irish Government as much as €3.2bn, the Irish Examiner can reveal.

Financial markets across the globe plunged yesterday in the wake of the result, which led to the resignation of Prime Minister David Cameron, who advocated for Britain to remain in the EU.

Britain voted to leave by a margin of 52% to 48%.