Reunification in Ireland would cause a financial shock in the Republic, requiring either a major hike in taxes or a significant reduction in public spending, according to economist John FitzGerald. Either way, there would be a drop in living standards. Eoin Burke-Kennedy was listening in as he appeared before the Oireachtas Committee on the Implementation of the Good Friday Agreement.
Separately, Eoin reports that the Government was warned by its own housing agency that its new
shared-equity loan scheme could end up inflating house prices. The advice, disclosed under Freedom of Information, was given ahead of the last budget when the measure was first announced.
Brexit could prompt wealthy Chinese citizens to invest up to â¬65 million extra in the Republic under the Governmentâs cash for visas scheme, experts claim.
Under the Governmentâs Immigrant Investor Programme (IIP), which raised â¬826 million between 2012 and 2019, non-EU citizens and their families can secure the right to live in the Republic in return for investing â¬1 million in companies operating in specified industries, or donating six-figure sums to charity.
Asian property-dealing giant Juwai IQI says Brexit could prompt increasing numbers of Chinese citizens seeking EU residency to apply for Irish visas under the programme, generating an extra â¬65 million under the scheme this year.
NUIG raises â¬1.6m through cash-for-residency scheme
15 February 2021
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Galway Bay fm newsroom – NUIG has raised â¬1.6 million through the Governmentâs cash-for-residency scheme to fund efforts to boost third-level education access.
More than 1,100 non-EU citizens have bought the right to live in the Republic by putting at least â¬1 million into approved businesses or giving up to â¬500,000 to charities through the Governmentâs Immigrant Investor Programme.
According to the Irish Times, NUIG confirmed that it raised â¬1.6 million through the charity option available under the programme, run by the Department of Justice, to support its ‘Access Hub’ project.