by 3rdforum Mon 27 Jun 2016 - 18:24
Our stock market is in freefall. I think it will take 6 - 8 weeks before all the dust settles but there will still be fluctuations in sterling as new info emerges e.g. who the new PM will be, how strong a stance either side will take in the negotiations etc. I'm buying my home heating oil now before the prices shoot up ( oil is bought worldwide in dollars). Anyway, what I was going to say is that Ireland is already gearing up for a battle with the EU. Some politicians in Europe are saying that now is the time to make major reforms SUCH AS a standardised tax rate. One of our MEP's with the backing of the taoiseach has stated
"
Fine Gael MEP Brian Hayes, who ran Taoiseach Enda Kenny's re-election campaign, told the Irish Independent that if corporation tax rates are threatened then Ireland should follow Britain out of the EU.
"That is the absolute red line issue. If any attempt is made to cajole us, as far as I'm concerned, we're out the door," he said."
Irish Indo