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Brexit: Local Impact

Part of Oral Answers to Questions — Enterprise, Trade and Investment – in the Northern Ireland Assembly at 2:00 pm on 10th November 2015.

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Photo of Jonathan Bell Jonathan Bell DUP 2:00 pm, 10th November 2015

We have set them specifically to look at what I have explained; the different options available and the potential impact those will have across the whole range of scenarios. We have to look very seriously at the implications of being in and being out. if we are to be in, then what potential benefits will there be, and, if we are to be out, what pitfalls will there be and what potential successes could we have, such as free-trade agreements and specific economic zones with areas where we currently do not have them. Let us take all the research and consider it in the round, looking specifically at a range of metrics; GDP, output by sector, trade volume, household spending, employment and unemployment. Comparisons will be made throughout the United Kingdom as a whole. The short paper exercise and access to a database detailing the results are expected to be available to us by the end of this financial year.