The Irish government has unveiled a Brexit proof budget to protect the Irish economy after its main trading partner, Britain, chose to leave the EU. The new budget includes measures to support exporters and protect the tourism industry. Both sectors have seen margins squeezed by the weaker pound and as the Irish Business and Employers Confederation said, the pound’s depreciation “puts thousands of export jobs at risk”. Many feel that the Irish government have not gone far enough with the 1.3-billion-euro package of tax cuts and spending, but there are concerns that the measure will break EU budgetary rules.
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