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United Ireland Would Cost €3bn in First Year, Report Says
- A United Ireland could initially cost €3 billion in the first year, but long-term financial burdens would fade within a decade, according to a report by Dublin City University and Ulster University.
- The total initial cost includes a public spending deficit of €1.7 billion, along with necessary public investments.
- Professor John Doyle asserts that Northern Ireland can achieve economic growth similar to the Republic with proper policies.
- Critics claim that the projected costs of unification may be exaggerated, suggesting that the financial needs have been overstated.
14 Articles
14 Articles
Row erupts between boffins over claim United Ireland would cost €3bn in 1st year
ECONOMISTS are clashing over a report putting the bill of a United Ireland at €3 billion in year one. The estimate comes in a report this week by Professor John Doyle at Dublin City University in collaboration with Ulster University. The tab is dramatically lower than previous figures of €9billion to €20billion a year. Prof Doyle’s lower sum is based partly on a more conservative estimate of the cost of Northern Ireland’s subvention, which he pi…
United Ireland: €3 billion in first year
A United Ireland could cost €3 billion in the first year, but the long-term financial burden would disappear within a decade, according to a major new peer-reviewed study from Dublin City University and Ulster University. The report challenges previous high estimates of the cost of unification, stating that earlier projections have “grossly exaggerated the probable real cost of unity. Source
United Ireland would cost €3bn in first year_ report says
New research has shown that a united Ireland would cost €3 billion in the first year, but that any financial burdens would disappear within a decade. The report published this morning by Dublin City University and Ulster University showed an initial investment of €1bn in public expenditure would reduce the cost of a united Ireland gradually. It said that a deficit in public finances would last between five and nine years, depending on economic g…
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