The economic consequences of a no-deal Brexit are so catastrophic that the only logical response to that eventuality would be to give the people an alternative choice through a referendum on Irish reunification, Sinn Féin Deputy leader Michelle O’Neill has said.
The Sinn Féin Vice President was speaking ahead of attending a Féile debate on Irish Unity tonight which will feature leading economist David McWilliams.
Michelle O’Neill said:
“I very much welcome that people like David McWilliams and other leading economists are entering the debate about Irish Unity.
“Clearly, Brexit has injected a new dynamic into the debate and more and more people are looking at a future where our economy and our interests are not jeopardised by chaos and civil war in Westminster.
“A no deal situation would be catastrophic for our economy and society. It would see us
crashing out of the EU with no terms of departure, over an economic cliff-edge with supply shortages and many businesses unable to trade, job losses, possible recession, no access to the EU single market and a physical hard border being put in place in Ireland.
“In such a context, a referendum on Irish reunification, as provided for in the Good Friday Agreement, is the sensible, logical and entirely rational response which, if passed, would see the North readmitted to the European Union.
“Not only would it alleviate the impact of Brexit, reunification would also unlock huge economic benefits. A leading international report recently concluded that reunification would provide an economic windfall of €23.5 billion by 2025 whereas a no-deal Brexit which would lead to a slump of over €10 billion.”