Finance, Government - Brexit Benefits Ireland
The Republic of Ireland's office of foreign investment is projecting a net gain of 4,500 new jobs from international firms as a result of the United Kingdom's impending withdrawal from the European Union.
IDA Ireland wrote in its annual results for 2018 that the jobs were the result of more than 55 "Brexit-related" investments approved last year. It counts Bank of America, Morgan Stanley, Legal & General, Citi Group, Barclays, AXA XL, Thomson Reuters, BRE Global, and Neueda Technologies among firms setting up or expanding in Ireland.
"For investors, the importance of Ireland's ability to provide a stable, predictable investment climate cannot be overstated," the authors wrote. "Ireland's advantages in a post-Brexit context include English language, commitment to the EU, a common law system in addition to our existing competitive proposition."
Should these predictions come to fruition, they'll add to the number of Irish workers employed by multinational firms - already at an all-time high in 2018 at 229,057.