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Partition an economic cul de sac – Ó Muilleoir

21 November, 2016 - by Máirtín Ó Muilleoir

Writing for today Sinn Féin MLA Máirtín Ó Muilleoir has said that partition has been an economic cul-de-sac for Ireland and that it’s time to talk about Irish unity.

The South Belfast MLA said:

 “Partition has been an economic cul de sac for Ireland; north and south.

 “It has held back economic progress right across the island.

“The North now lags behind the south on all growth indices: average wages south of the Border are €37,000, but just €25,500 in the North. Economic growth rates in the South are estimated at 3.6 per cent for 2017 but at just over 1 per cent in the North. 

“Along the border region in particular the imact of partition was, and is still keenly felt. “

And Máirtín Ó Muilleor said that undemocratic decisions being made in London are holding back the North’s economic potential.

“The North’s economic potential is held back by British government policies that are not designed with the interests of the North at heart. A prime example of this is the British government’s plan to drag the north out of the EU against the democratic wishes of the people.

“A united Ireland with a single, all-Ireland economy would not only end the duplication of services on an island of 6.4 million, it would also address the economic uncertainty created by partition. 

“That would create an environment where business can thrive and grow. 

“Marketing the island as a business destination is also difficult with partition, with two economies and tax systems. A reunited Ireland would be easier to promote on the global stage and, as a result, would act as a lever to attract inward investment.

“A recently published and peer-reviewed study, ‘Modelling Irish Reunification’ by Professor Kurt Huebner from Vancouver University found that within a short number of years, the economy of a reunified Ireland would be better than the existing two economies by approximately €35 billion.

“This is the latest in a series of serious and respected economic reports that has shown that Irish unity makes economic sense.

“It is time we began a serious discussion and dialogue about what that would mean, what it would look like and how to bring it about.

“It’s time to talk about unity.” CRÍOCH/ENDS

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