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'No-deal Brexit budget' on the way as finance minister set to update Cabinet today

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In its pre-budget submission, the IFAC warned that the economic outlook internationally has deteriorated in recent months as the risk of a hard Brexit has increased.

Donohoe will deliver Budget 2020 on 8 October. Image: Sam Boal Donohoe will deliver Budget 2020 on 8 October. Image: Sam Boal THE IRISH FISCAL Advisory Council has said a no-deal Brexit budget is the most sensible option for Budget 2020 as Finance Minister Paschal Donohoe is expected to update Cabinet on the impact of Brexit on upcoming budget measures today.

Seamus Coffey, Chair of the council said there is significant uncertainty in relation to Brexit just weeks out from the 31 October divorce deadline. Getting ready for this mornings cabinet meeting where Finance minister ⁦@Paschald⁩ will outline how #Brexit will influence Budget 2020. #BrexitReadyIRL pic.twitter.com/mXpjFEINLCIt is likely that tax cuts and increased spending originally planned for Budget 2020 will now be rolled back to provide for the impact a hard Brexit will have on Ireland.

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