Friday 30 September 2016

Lane wants British to hold early vote

Published 27/01/2016 | 02:30

Central Bank Governor Professor Philip Lane. Photo: Collins
Central Bank Governor Professor Philip Lane. Photo: Collins

Central Bank Governor Professor Philip Lane has said he hopes the UK's Europe referendum is held in June.

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He told TDs and Senators at the Oireachtas Finance Committee that if the British vote to pull out of the EU, the move would have an "adverse" impact on Ireland.

"It would be good if they do have the referendum in June, so either way, we know what we're dealing with," Prof Lane said. "The cumulative impact on Ireland would be quite adverse. It is something that we do not wish for, at least from an economic and financial perspective.

"I would hope that the vote is taken quickly and I hope that they vote to stay in, but it's obviously up to the UK electorate to decide that."

Prof Lane said the vote will delay decisions about projects. "I think we're seeing sterling weaken in recent weeks," he said. "And then what happens after that, whether firms decide to come here instead of the UK... it's hard to make strong predictions."

Irish Independent

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