The Economic and Social Research Institute says that figure would come from lost trade and increased energy costs. Then, Kenny will underlined that the United Kingdom continues to draw significant benefits from participating in the EU.
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The ESRI says it could also lead to passport controls at the Border and restrictions on free movement between Britain and Ireland for work.
64% of those surveyed in the Republic and 56% in Northern Ireland said it should be available in a few circumstances and 14% in the Republic and 20% in Northern Ireland said abortion should never be available.
It warned trade, energy prices, foreign direct investment, migration and cross-border travel would all be negatively affected by a so-called “Brexit”.
Its research has found businesses in Northern Ireland and those along the border would be worst hit.
Irish Times reported that Ireland and Britain exchange more than €1 billion in goods and services each week and Irish exports to Britain this year are worth more than €1.2 billion a month. The United Kingdom is by far the largest market for Ireland’s meat trade.
83% of respondents in the Republic said they would be very or fairly comfortable with a member of their family marrying someone with a different skin colour compared to 86% in Northern Ireland.
You might think that less FDI in the United Kingdom would result in an economic boost for Ireland, but the report found that, “the expected additional attractiveness of Ireland to new FDI projects is likely to be small”.
The report also scotched suggestions that Ireland could significantly benefit from more foreign investment by global firms by-passing the United Kingdom in favour of Ireland, as it remains in the EU.
The findings of an island survey were released in a special RTE Prime Time collaboration with BBC Northern Ireland’s Nolan Live, broadcast last night as part of the 1916 commemorations.
Northern Ireland relies on electricity imports from Ireland to make up for insufficient local electricity generation capacity.
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If the electricity market in Britain remained independent of the rest of the European Union, interconnection with Britain only would leave Ireland vulnerable to any problems in the British market.
