Lower wages, higher prices in all Brexit scenarios

Workers will be hit by lower wages, higher prices and decreases in employment rates in all Brexit scenarios. A study published today has found that 80,000 jobs would be lost in the next decade if Britain crashes out of the EU, and even if a deal is agreed around 44,000 posts would still be lost.

The study from the Economic and Social Research Institute (ESRI) and the Department of Finance finds GDP in Ireland 10 years after Brexit will fall 2.6% if the UK leaves with a deal, but could fall up to 5% in a disorderly no-deal scenario, compared to a situation where the UK stays in the EU.