Posted 4/4/2024, 12:56:42 PM
Reunification with Ireland Estimated to Cost €20 Billion Annually Over 20 Years, Requiring Tax Hikes and Public Spending Cuts
- A united Ireland would cost €20 billion annually for 20 years, largely funded by the Republic, says new study
- There would need to be substantial tax hikes (up to 25%) and cuts to public spending to fund reunification
- It would take at least 20 years to align productivity between the North and Republic
- Northern Ireland would benefit from EU single market access post-unification
- Critics argue the estimates are based on unrealistic assumptions about immediate reunification without a transition period