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Boris Johnson strikes fear into Ireland: Irish consumers hit by BORIS BLUES – shock study

Boris Johnson strikes fear into Ireland: Irish consumers hit by BORIS BLUES – shock study

“In part, it may reflect the fact that Brexit is not of Irish consumers’ making while some of those UK consumers who voted for Brexit may believe it will have a positive economic effects or may feel adverse economic effects may be outweighed by other consequences,” he told the Irish Times.

Mr Hughes said the scale of the recent financial crash in Ireland has left consumers scarred and made them focus on the potential risks of a repeat scenario on their income.

“It is noteworthy that a substantial part of that relative improvement in Irish household income has occurred in the period since the UK’s Brexit referendum,” he added.

“However, through this same period, Irish consumers have become increasingly concerned about the risk that Brexit could prompt a renewed and substantial deterioration in their economic circumstances.”

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