The State faces a “severe threat” from the international tax reform process, economic commentator Chris Johns has warned as he reiterated that a no-deal Brexit amounts to “economic insanity” for the UK. He said given the high stakes involved there is still some hope of a Brexit deal, although he stressed he wasn’t overly optimistic. He said the budget must focus on supports that will help keep people in work during the Covid-19 crisis. And that is where the supports are going to be needed,” added Johns. He also forecast a more difficult global trading environment, with the slowdown in trade and investment likely to continue.

Source: The Irish Times September 30, 2020 11:32 UTC