Ireland budget aims to 'Brexit-proof' economy

Irish Finance Minister, Michael Noonan, poses with a copy of the 2017 budget during a photocall in front of the government buildings in Dublin, Ireland on October 11, 2016Ireland’s government on Tuesday outlined tax breaks for the tourism and farming sectors in a bid to offset the effects of the British pound’s sharp devaluation and the expected impact of Brexit on the economy. In a speech to parliament Finance Minister Michael Noonan said that while the ultimate fallout from Britain’s June 23 referendum was still unknown, Ireland would put on “economic shock-absorbers” to mitigate the inevitable damage. “As well as introducing specific measures to assist particular sectors of the economy, we must also put in place safety nets to protect us against future economic shocks,” he said.

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