Irish unification will cost hundreds of billions over decades, according to a new economic report, writes Mark Hennessy, Ireland and Britain Editor
Welfare rates and public sector pay rates are substantially higher today in the Republic than in the North and it would cost taxpayers in the South more than €10 billion a year to equal rates in the event of unification. Photograph: iStock
‘A few months ago my wife left the country. The last six months have been the most traumatic of my life’‘We elected a meme!’: How the meme president became a meme stock State spending in a united Ireland would rise sharply but produce only “a very limited increase in revenue”, the two academics warn in a paper that will, no doubt, be hotly contested.
In addition, the united Ireland would have to pay the £2.5 billion-a-year pension bill due to people living in Northern Ireland because the UK pension system is funded on a pay-as-you-go system, he argued.
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