Written Answer AQO 79/17-22 – Brexit: Economic and Fiscal Impact

Mr Patsy McGlone (Mid Ulster):  To ask the Minister of Finance whether his departmental officials will work with the Department for the Economy to publish detailed assessments of the economic and fiscal impacts on Northern Ireland of the European Union (Withdrawal Agreement) Act 2020, including the impact if the UK does not conclude a new trade deal with the EU by December 2020.
Minister of Finance:  I am a member of the Executive’s Brexit Sub-committee that met for the first time last Tuesday. As part of that I will be working with all Departments and stakeholders, to develop and present an informed assessment of the impact of the Withdrawal Agreement, including any financial implications.

This will be ongoing over the coming weeks and months. Significant issues remain to be negotiated and decided around the implementation of the Protocol and the future relationship with the EU. A comprehensive assessment of the economic and fiscal impacts for the North of Ireland will only be possible as further detail emerges in this regard.