5 reasons why a no-deal Brexit would be bad for Ireland

The talks on Brexit may still be ongoing, just about. But so, too, is the worrying here in Ireland about the potential consequences of no agreement being struck. That's for at least five very good reasons, as the fallout could be extremely serious for Irish business and the economy. Exports If there's no deal, among the biggest impacts will be on the more than €13 billion of Irish exports to the UK each year. Up to €1.7 billion in import taxes or tariffs could be levied on those goods on arrival on British soil. The agri-food sector would be hit particularly hard as 38% of that category of exports from Ireland end up in the UK. Half of the cheddar cheese produced in Ireland, for example, goes to the UK and it would attract tariffs of up to 52%. While Irish beef going to the UK market would be hit with tariffs of on average 74%. That will mean that the total weekly bill for Irish beef going into the UK after a no-trade deal Brexit would be €8.5 million more than it is now, making ...