On 23rd June 2016, the UK voted to leave the European Union, a decision which will have a number of implications for Irish businesses and the Irish economy generally. Read a selection of briefing materials below from the Irish Government, professional services firms and other organisations, providing information and guidance on what will happen next, and what you should be considering for your business.
On 22nd March 2018, the Department of Finance published a new economic research paper, Brexit: Analysis of Import Exposures in an EU Context.
The paper examines the sectoral import exposures of the Irish economy and other EU Member States to the UK. The paper’s key findings include:
- Ireland is a substantial outlier amongst the EU-27 in terms of its import exposure to the UK, at an aggregate level, and in almost every sector. Ireland’s goods import exposures to the UK are even more pronounced than its export exposures.
- Food and live animals account for Ireland’s largest share of UK imports, with machinery and transport equipment, chemicals, manufactured goods, miscellaneous manufacturing articles and mineral fuels all also significantly exposed. This compares with the concentration of export exposures in a smaller number of sectors, in particular food and live animals and chemicals.
- Across the EU-27, thirteen of the top fifteen subsectors* most exposed to imports from the UK are Irish.
- The high import exposures highlight the potential disruption to Irish supply chains, particularly for the retail, agri-food and pharma-chem sectors.
- Regarding services, Ireland is considerably less exposed to the UK with regard to imports than exports, at both an aggregate and sectoral level.
Webcast IoD Breakfast Briefing -15th February 2018
411 Days - Counting Down To Brexit presented by Mark Kennedy, Managing Partner, Mazars
In October 2016, IoD Ireland and IoD UK partnered to survey their respective membership on how they perceive Brexit and its anticipated consequences on both sides of the Irish Sea. The resultant report (published, December 2017) is entitled:
- In July 2017, a Seanad Special Select Committee launched its report on Brexit, entitled, Brexit: Implications and Potential Solutions
- In July 2017, a Committee on Arts, Heritage, Regional, Rural & Gaeltacht Affairs published a report calling for special status for the North after Brexit
- In June 2017, the Joint Committee on the Implementation of the Good Friday Agreement published a detailed report on Brexit
- In June 2016, the Government published the Irish Government Brexit Contingency Plan
- In May 2017, the Government launched its official Brexit strategy here
- In March 2017, the Joint Committee on Jobs, Enterprise and Innovation published a key report on Brexit and the Irish Government published a trade strategy here
All-Island Civic Dialogue event
Below is a video of a presentation delivered by Second Secretary General in the Department of an Taoiseach, John Callinan, at the All-Island Civic Dialogue event at Dublin Castle on 17th February, 2017.
- Taoiseach's keynote address on Brexit
- Your Questions on Brexit answered
- Latest Brexit reports & analysis related to Ireland
- Latest speeches and statements
- Information on government consultation
Government Brexit Business Supports
These supports are available to provide expert and detailed assistance for businesses and SMEs in Ireland. Detailed measures announced in Budget 2018 include:
- The €300million Brexit Loan Scheme for Business
- €25million Brexit Response Loan Scheme for the agri-food sector
Other supports include:
- Government Brexit Loan Scheme
- Bord Bia Brexit Barometer
- Enterprise Ireland Prepare for Brexit Campaign
Brexit updates from various professional services firms, the Central Bank and the CSO
- Research Technical Paper: Non-Tariff Barriers and Goods Trade: a Brexit Impact Analysis (May 2018) (Central Bank of Ireland)
Surviving and Thriving in the Brexit Era (March 2018) (Simon Kucher & Partners)
- Brexit FAQ (for UK financial services firms considering relocating to Ireland ) (Central Bank of Ireland)
- Brexit - Ireland and the UK in numbers (Irish Central Statistics Office)
- McCann FitzGerald - Brexit Knowledge Hub
- Mazars - Brexit - The implications
- Mason Hayes & Curran - Brexit
- PWC - Brexit - What's next