Hard Brexit could cost 40,000 jobs, Donohoe warns

Finance Minister Paschal Donohoe has warned that a hard Brexit could cost up to 40,000 jobs.

Publishing his mid-year expenditure report yesterday, Mr Donohoe said that while preparations for the worst-case scenario are underway, Ireland is still hoping that Irish negotiators can reach an agreement with Britain.

Referring to the review, he said: “The public finances are in good health and with more than 2.2m people at work, we will broadly balance the books this year.”