Ireland’s finance minister unveiled his “Brexit-proof” budget on Tuesday, but business groups and the opposition said it failed to protect the economy from the likely impact of its main trading partner, Britain, quitting the European Union.
The 2017 draft budget cuts taxes and increases spending by 1.3 billion euros, and includes measures to help exporters already suffering from a dive in the value of sterling that is squeezing their profit margins.
“The UK’s decision to exit the European Union represents a real risk to our economy,” Finance Minister Michael Noonan told parliament as he presented a budget aimed at shielding Ireland’s strong economic recovery.
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