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Seanad
‹ Order of Business

Brexit investment and regional balance

Summary

Senator Richmond welcomed JP Morgan's possible Dublin move after Brexit but warned that other firms were leaving and that wider societal issues also needed ministerial attention.

I welcome reports the bank JP Morgan is looking to relocate to Dublin post Brexit, with more than 1,000 possible jobs in a new building at Capital Dock. This is very welcome, but it goes hand in hand with the disappointing news that Lloyds of London has decided to relocate to Brussels post-Brexit. All of these are opportunities and difficulties which present themselves now the UK has officially triggered Article 50.

My colleagues and I on the Seanad select committee on Brexit are going through the issues, but we also need to address a number of societal issues and we need to have Ministers come to the House to hear the thoughts of the Seanad on these issues. The first of these should be the review of the capital programme being undertaken by the Minister for Public Expenditure and Reform, Deputy Donohoe. I call on the Leader to bring the Minister, Deputy Donohoe, to the House to allow us have a strong debate on what strategic investment is needed throughout the country so we can offset the oncoming difficulties of Brexit and prepare our economy to capitalise where possible.

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