'The time for waiting and seeing what happens has long passed...'
Fianna Fáil Senator for Carlow, Jennifer Murnane O’Connor has said the Government has to take action now to avoid the complete devastation of the sectors most exposed to Brexit.
Senator Murnane O’Connor was commenting following a Brexit briefing breakfast which she hosted in the Seven Oaks Hotel last week.
Senator Murnane O’Connor said: "Last week in the Seven Oaks I hosted a Brexit briefing and one of the key takeaways from the discussion was the lack of preparedness for a hard deal Brexit.
"While I accept that it can be hard to plan for the unknown, what we do know is that it will be bad - any outcome of Brexit, hard or soft, will be difficult.
"The ESRI recently released a report which assessed that the economic impact of Brexit on Ireland will be considerable in either a deal or no-deal scenario, costing the economy between €8bn and €15bn.
"Over a ten-year period this would add up to around €50bn even if there is a deal, and an estimated €100bn in a disorderly no deal scenario."
She added: "This money will have to come from somewhere and there are many sectors which are particularly susceptible. They need additional support and financial aid.
"Thousands of jobs are on the line and businesses and SMEs need much greater support and assistance than the Government has offered to date.
"We have beef and suckler farmers on their knees, hauliers not knowing where they stand and construction companies in fear of disruption to their supply chains.
"The time for waiting and seeing what happens has long passed. There is no room for complacency when it comes to safeguarding jobs and our economic prosperity."
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.