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Ireland's Kenny Hopeful On Brexit Opportunities

by Jason Gorringe, Tax-News.com, London

26 January 2017


"Ireland remains an obvious choice for those wishing to maintain a presence in the Single Market" after the UK leaves the EU, Irish Prime Minister Enda Kenny has said.

In a speech to the European Financial Forum, Kenny said: "While Brexit undoubtedly presents challenges for Ireland, it offers us opportunities to attract new operations to our shores while also retaining and growing existing activities by ensuring that Ireland's international financial services (IFS) offerings remain competitive."

Kenny said that the Government is fully committed to the development of the IFS sector in Ireland, and that the country "will remain an enthusiastic member of the EU [and] the single market." He described Ireland's IFS sector as "Brexit ready" and "well prepared for the changes that Brexit will bring."

Kenny said that his Government has a clear plan to the challenges Brexit will present, with its first priority being to build a strong economy, attract more investment, and boost job growth. He added that the Government is taking steps to ensure that EU leaders "understand Ireland's unique circumstances and concerns regarding Brexit."

Kenny emphasized that Ireland "will continue to offer a stable, predictable, and certain business environment alongside continued access to the European market of over 400 million people."

TAGS: investment | business | Ireland | financial services | United Kingdom | European Union (EU) | services | Europe

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