Tuesday 6 December 2016

We can't stand idly by as UK acts on economy

Published 05/07/2016 | 02:30

British Chancellor George Osborne Photo by Christopher Furlong/Getty Images
British Chancellor George Osborne Photo by Christopher Furlong/Getty Images

Britain's plans to offset recession in the wake of its seismic decision to leave the European Union were always going to contain measures that would have direct consequences for Ireland.

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Less than two weeks out from the decision to leave the EU, Ireland has been promoting itself as an alternative financial and investment hub to the United Kingdom.

Citing our access to Europe's single market, Ireland Inc has also promoted its 12.5pc corporate tax rate that has proved critical in the attraction of foreign direct investment to these shores.

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