This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.theguardian.com/world/2015/apr/07/never-has-an-uk-election-been-of-greater-interest-to-ireland

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Never has an UK election been of greater interest to Ireland Ireland gets nervous at prospect of 'Brexit' as election nears
(35 minutes later)
A general election in Britain is always watched closely on the other side of the Irish Sea, not least because of the tumultuous political history linking the two islands. But never has an UK election been of greater interest to Ireland’s business community, amid fears that if the Conservatives win, it could spell catastrophe for the country’s economy.A general election in Britain is always watched closely on the other side of the Irish Sea, not least because of the tumultuous political history linking the two islands. But never has an UK election been of greater interest to Ireland’s business community, amid fears that if the Conservatives win, it could spell catastrophe for the country’s economy.
A Cameron win will trigger a referendum on EU membership, which if it results in a British exit will send shockwaves through Ireland’s economy. Each week there is €1bn in trade between the two countries, supporting around 400,000 jobs. It may be no surprise that Britain is the biggest market for Ireland’s huge agricultural sector; what’s more surprising is that Ireland is the biggest single market for Britain’s food exports. London-Dublin has become the busiest international air route in the world, largely thanks to Ryanair. Almost alarmingly, Ireland is a bigger destination for British exports than China, India, Brazil and Russia combined. A win for David Cameron would trigger a referendum on membership of the European Union, which if it results in a British exit would send shockwaves through Ireland’s economy. Each week there is €1bn (£730m) in trade between the two countries, supporting about 400,000 jobs.
The giant US multinationals with European headquarters in Ireland – an astonishing list headed by Apple, Intel, Google and Facebook – will probably sneeze rather than catch a cold if Britain quits the EU. Only 12% of their exports head to Britain. But in the Irish SME sector, more vital for job creation than the tax-avoiding giants, Britain is crucial, taking 43% of their exports. It may be no surprise that Britain is the biggest market for Ireland’s huge agricultural sector; what’s more surprising is that Ireland is the biggest single market for Britain’s food exports. London-Dublin has become the busiest international air route in the world, largely thanks to Ryanair. Almost alarmingly, Ireland is a bigger destination for British exports than China, India, Brazil and Russia combined.
During the debate over Scottish independence, Irish officials maintained a studied impartiality. But a Brexit is another matter. Just a few weeks ago, Enda Kenny, the Irish Taoiseach, established a unit in Ireland’s equivalent of the Cabinet Office to prepare for a possible exit of Britain from the EU. John McGrane, a contributor to a new book, “Britain and Europe: The Endgame – An Irish Perspective” warns that free movement of labour and capital between Britain and Ireland has become so embedded that “any notion of change – such as the reimposition of border controls – is an appalling vista.” The giant US multinationals with European headquarters in Ireland – an astonishing list headed by Apple, Intel, Google and Facebook – would probably sneeze rather than catch a cold if Britain quit the EU. Only 12% of their exports head to Britain. But in the Irish small and medium-sized enterprise sector, more vital for job creation than the tax-avoiding corporations, Britain is crucial, taking 43% of their exports.
Ireland’s political and business community has accepted that Britain wants to renegotiate its relationship with the EU and now wants to take on the role of broker in Brussels (so long as the outcome is that Britain remains inside). Last weekend, parts of Dublin were locked in a dress-rehearsal for the celebrations next year to mark a century since the 1916 Easter Rising that presaged the country’s independence from Westminster. A century on, the political and economic imperative is now to keep Britain in, not out. During the debate over Scottish independence, Irish officials maintained a studied impartiality. But a Brexit is another matter. Just a few weeks ago, Enda Kenny, the taoiseach, established a unit in Ireland’s equivalent of the Cabinet Office to prepare for a possible exit of Britain from the EU. John McGrane, a director of the British Irish Chamber of Commerce and a contributor to the new book Britain and Europe: The Endgame – An Irish Perspective, warns that free movement of labour and capital between Britain and Ireland has become so embedded that “any notion of change – such as the reimposition of border controls – is an appalling vista.”
Ireland’s political and business communities have accepted that Britain wants to renegotiate its relationship with the EU and now wants to take on the role of broker in Brussels (so long as the outcome is that Britain remains inside). Last weekend, parts of Dublin were locked in a dress-rehearsal for the celebrations next year to mark a century since the 1916 Easter Rising that presaged the country’s independence from Westminster. A century on, the political and economic imperative is now to keep Britain in, not out.