United Ireland would 'permanently reduce' living standards of those in Republic
A united Ireland would permanently reduce the living standards of those living in the south, a new academic report suggests.
The Irish Times reports on a study carried out by economists from Trinity College Dublin and Dublin City University economists.
The research suggests that in the event of a united Ireland the income and living standards of those living in the Republic would reduce by as much as 15% - and may never recover.
The paper says this would be the price for the new administration having to accommodate the £10billion Northern Ireland receives from the Westminster government on an annual basis.
“Taking on such a bill would reduce permanently the standard of living in this part of the island by 15%,” Prof John FitzGerald was quoted to have said on presenting his findings.
Belfast Telegraph Digital