"Update: What has been the economic impact of the Northern Ireland Protocol"

Press/Media: Expert Comment

Description

Web-based article for the Economics Observatory (online, ESRC-funded, site providing analysis of UK and international applied economics)

Subject

Net effect of the Protocol (costs compared to benefits), in particular as of the summer of 2022 considering the often made claims (e.g. Irish Dep. PM, Financial Times, Scottish First Minister and National Institute of Economic and Social Research) that the Protocol has boosted NI growth compared to the UK average. In fact, NI regional output has grown more slowly than the UK average during the period of the Protocol (1 Jan 2021-Quarter 1 2022). Also, consideration of sectoral pattern of growth in that period: high growth in food products (Protocol trade diversion?) but falling output in electrical engineering and transport equipment (Protocol impacting on imputs brought in from GB?).

Period18 Jul 2022

Media contributions

1

Media contributions

  • Title"Update: What has been the economic impact of the Northern Ireland Protocol"
    Degree of recognitionNational
    Media name/outletEconomics Observatory
    Media typeWeb
    Country/TerritoryUnited Kingdom
    Date18/07/22
    DescriptionUpdate on economic effects (positive and negative) of the Northern Ireland Protocol, especially (using sectoral growth figures) a critique of the National Institute (NIESR)view that it has boosted NI economic growth compared to the UK average
    Producer/AuthorEsmond Birnie
    URLhttps://www.economicsobservatory.com/update-what-has-been-the-economic-impact-of-the-northern-ireland-protocol
    PersonsEsmond Birnie
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Keywords

  • Northern Ireland
  • Northern Ireland economy, political impact on economy, devolution, devolved policies, economic policy, economic growth, UK growth
  • Northern Ireland economy, UK economy, economic growth, productivity, GDP, GVA, economic growth
  • Protocol
  • Northern Ireland Protocol
  • Brexit
  • Brexit economic implications
  • Brexit trade effects