QEC Special Article

Brexit and Irish consumers

This QEC Special Article was subject to refereeing prior to publication. The authors are solely responsible for the content and the views expressed.

March 21, 2018
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A hard Brexit would increase the cost of living for all households in Ireland by 2 per cent to 3.1 per cent – an annual increase of €892 to €1,360 per household. Costs would rise the most for lower-income households. These households spend a greater share of household expenditure on food products, many of which are imported from the UK and would be subject to tariffs.