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Reunification in Ireland would cause a financial shock in the Republic, requiring either a major hike in taxes or a significant reduction in public spending, according to economist John FitzGerald. Either way, there would be a drop in living standards. Eoin Burke-Kennedy was listening in as he appeared before the Oireachtas Committee on the Implementation of the Good Friday Agreement.
Separately, Eoin reports that the Government was warned by its own housing agency that its new
shared-equity loan scheme could end up inflating house prices. The advice, disclosed under Freedom of Information, was given ahead of the last budget when the measure was first announced.