It is important for Ireland that British prime minister Keir Starmer's negotiations with the EU to reset the relationship are successful. If the Liz Truss budget was a horror show, compared to the economic disaster of Brexit it was a minor upset. In 2016, the IMF estimated that the cost to the UK of Brexit would be a loss of 4 per cent of GDP. While the UK’s current economic difficulties are due to Brexit, the Labour government feels unable to set the record straight – it doesn’t want to alienate Red Wall voters who backed Brexit. A thriving UK economy is important for Ireland – it remains a crucial market.

Source: The Irish Times December 08, 2025 06:31 UTC