the mythical technology which doesn't yet exist
Current Affairs Irish Border and Brexit
- Thread starter Charlie Sweet
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Thats good news as far as im concerned. No border is all i really care about to be honest, so that restated commitment is great.
I would feel a bit for the UK if they endured a hard brexit over the backstop issue, then just where in the exact same process via a hard brexit and all that goes with it.
Carl O'Ancelotti
Player Valuation: £20m
Today's instalment of 'projectfear'...
The Central Bank has warned that a no-deal Brexit could reduce the growth rate of the Irish economy by up to 4% this year. In its first quarterly report of the year, the Central Bank says the impact would be front loaded, and describes the short term economic challenges as immense. In one of the starkest bulletins since the economic crisis, the Central Bank warns of the severe impact that a no-deal Brexit could have on the Irish economy. It says that with an agreed Brexit deal, the Irish economy should grow by about 4.5% this year, but in a no-deal scenario that would fall to 1.5% - a rate last seen in 2013.
Trade disruption, sterling at 97p to the euro, but more expensive food because of tariffs combine into what the bank calls a significantly more adverse outlook for the economy. Officials believe budget plans would have to be re-examined by the Government because of the impact on tax revenues and spending programmes. While the economic hit is almost instant from the end of March, the Central Bank says its impact on jobs will take longer to be seen.
In a commentary on the economic information, Central Bank staff say the "abrupt ending of existing cooperation agreements between the EU and the UK in a disorderly Brexit" would have material and immediate economic implications which would permeate all areas of economic activity. There would be heightened stress in financial markets and a potentially large depreciation of sterling. The Bank uses 88p to the euro as its sterling figure in its baseline scenario, but says this could slide to 96p-97p in a no-deal Brexit. Ibec, using a Bank of England analysis, says it could fall as low as 110p to the euro in a no-deal scenario.
The Central Bank says the deterioration in economic conditions and a more adverse outlook would cause firms to delay or cancel investment plans. Consumer spending would also be negatively affected, reflecting concerns over future job losses and income prospects. It says there would be disruption at ports and airports if border infrastructure is unable to cope with the new arrangements "at least for an initial period".
Given the deep supply chain linkages between Ireland and the UK, reflected in the reliance on the UK for the supply chain of components ("intermediate goods") used in production by Irish firms, and also given the scale of food and consumer goods imports from the UK, there would be implications for firms through disruption to their production processes and for households through the price and availability of consumer goods.
It says exports would fall due to an "immediate and large reduction in demand from the UK", and the fall in sterling, with some sectors being further affected by any imposition of tariffs and non-tariff barriers.Those sectors, which are more reliant on trade with the UK or which are more vulnerable to the imposition of tariff and non-tariff barriers, such as agriculture, food and smaller scale manufacturing, are likely to be more adversely affected.
The Central Bank has warned that a no-deal Brexit could reduce the growth rate of the Irish economy by up to 4% this year. In its first quarterly report of the year, the Central Bank says the impact would be front loaded, and describes the short term economic challenges as immense. In one of the starkest bulletins since the economic crisis, the Central Bank warns of the severe impact that a no-deal Brexit could have on the Irish economy. It says that with an agreed Brexit deal, the Irish economy should grow by about 4.5% this year, but in a no-deal scenario that would fall to 1.5% - a rate last seen in 2013.
Trade disruption, sterling at 97p to the euro, but more expensive food because of tariffs combine into what the bank calls a significantly more adverse outlook for the economy. Officials believe budget plans would have to be re-examined by the Government because of the impact on tax revenues and spending programmes. While the economic hit is almost instant from the end of March, the Central Bank says its impact on jobs will take longer to be seen.
In a commentary on the economic information, Central Bank staff say the "abrupt ending of existing cooperation agreements between the EU and the UK in a disorderly Brexit" would have material and immediate economic implications which would permeate all areas of economic activity. There would be heightened stress in financial markets and a potentially large depreciation of sterling. The Bank uses 88p to the euro as its sterling figure in its baseline scenario, but says this could slide to 96p-97p in a no-deal Brexit. Ibec, using a Bank of England analysis, says it could fall as low as 110p to the euro in a no-deal scenario.
The Central Bank says the deterioration in economic conditions and a more adverse outlook would cause firms to delay or cancel investment plans. Consumer spending would also be negatively affected, reflecting concerns over future job losses and income prospects. It says there would be disruption at ports and airports if border infrastructure is unable to cope with the new arrangements "at least for an initial period".
Given the deep supply chain linkages between Ireland and the UK, reflected in the reliance on the UK for the supply chain of components ("intermediate goods") used in production by Irish firms, and also given the scale of food and consumer goods imports from the UK, there would be implications for firms through disruption to their production processes and for households through the price and availability of consumer goods.
It says exports would fall due to an "immediate and large reduction in demand from the UK", and the fall in sterling, with some sectors being further affected by any imposition of tariffs and non-tariff barriers.Those sectors, which are more reliant on trade with the UK or which are more vulnerable to the imposition of tariff and non-tariff barriers, such as agriculture, food and smaller scale manufacturing, are likely to be more adversely affected.
peteblue
Welcome back Wayne
Indeed. It’s time for Varadkar to stop playing politics. Even today he’s been going on about men in uniform at the border, cameras and an implication of soldiers being used. He is a pillock.....
peteblue
Welcome back Wayne
Exactly what I told you......
peteblue
Welcome back Wayne
It’s got nothing to do with technology. The technology exists. It has everything to do with process and system connectivity......
Carl O'Ancelotti
Player Valuation: £20m
No, exactly what we've been telling you before and since the referendum.
You support a no deal Brexit which means you want those things to happen.
Shameful.
peteblue
Welcome back Wayne
There will be a no deal because Varadkar is insisting on this stupid backstop with no way to allow the DUP to support May in any deal. The consequences of his politicking for the ROI are now laid bare....
Pete on this thread over the last year or so
Carl O'Ancelotti
Player Valuation: £20m
There will be no deal because May is insisting on this stupid arrangement with the DUP to cling to power with no way to allow the principles set out in the Good Friday Agreement to continue.
An Taoiseach has full support for the government's position both at home and throughout the EU. The consequences for everyone of the UK's refusal to compromise are now laid bare.
Ron Swanson
Player Valuation: £2.5m
The DUP hold no veto over a deal in parliament. The DUP do not speak for Northern Ireland. May does not need the DUP's 10 votes to pass a deal that has support outside her party.
Ron Swanson
Player Valuation: £2.5m
The technology does NOT exist to monitor 200+ border crossings, allowing full customs checks while keeping the border frictionless. If it did exist, some other country in the world would be using it.
roydo
in memoriam - 1965-2024
In unicorn world it seems to
peteblue
Welcome back Wayne
It is not an issue of technology....
peteblue
Welcome back Wayne
But they still need to be made to feel as though they are getting what they want, just like everyone else.....
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