Belfast Telegraph

United Ireland would 'permanently reduce' living standards of those in Republic

Income and living standards could be hit permanently for those living in the Republic, in the event of a united Ireland, research suggests.
Income and living standards could be hit permanently for those living in the Republic, in the event of a united Ireland, research suggests.

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.

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