top of page
Moving People

News

EU 'offers to provide aid' to Irish farmers in case of no-deal Brexit

  • Euro News
  • Feb 6, 2019
  • 1 min read

Following concerns voiced by Irish farmers regarding a no-deal Brexit, the European Commission said they would provide financial aid to Irish farmers in the case of a no-deal Brexit.

Phil Hogan, the agriculture commissioner for the EU, said that the EU was "ready for all eventualities" if a hard-exit triggered a crash within the Irish agriculture industry.

Due to shared borders, geographical proximity and shared commercial interests, a no-deal Brexit could result in additional financial stress placed on the Irish agriculture industry. It is projected that a no-deal exit could result in losses in earnings and also in significant job cuts.

This financial support from the EU has helped to quell the nerves in some portions of the agriculture industry. Take, for instance, in the Irish beef industry. In a figure provided by the Irish Farmers Association, those in the cattle industry have the potential to lose up to 70,000 jobs.

As a result of the proposed EU support package, hundreds of millions of euros could help to soften the blow of job losses and cuts in earnings.


Comentários


construction-image1.jpg

Subscribe and keep up to date with all the latest news from Oakmark

Subtle Shapes Transparent
WEST AFRICA'S NO.1 ECONOMIC AGENTS

Oakmark Global Vision provides a bespoke business package to established corporate bodies, investors, and entrepreneurs who desire to enter the West & Pan African market. Find out more >

© 2025 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

Regional Office

International Office

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

+234 -(0)- 929 207 02

+234 (0) 704 497 6500

info@oakmarkglobalvision.com

King Court, 17 School Road

Hall Green, Birmingham

United Kingdom  B28, 8JG

+44 (0) 121 244 1814

+44 (0) 746 625 2505

info@oakmarkglobalvision.com

 Oakmark Global Vision Limited

bottom of page