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Irish cross-border trade not reflected in UK trade data


Irish cross-border trade not reflected in UK trade data
Tuesday, 18 May 2021
By Patty Clayton
UK dairy exports to the EU have recorded large drops since 1 January, as exporters face new trading conditions.  This was mostly expected due to the impact of increased costs and customs related administration. However, it was thought that trade between Northern Ireland (NI) and the Republic of Ireland (ROI) would not be affected due to the NI protocol, which was put in place to keep this trade ‘free and frictionless’.
Northern Ireland’s most traded product with ROI in terms of volumes is raw milk[1], which is typically processed in the south due to a lack of domestic capacity.  However according to HMRC trade data, this cross-border trade has all but ceased, with export volumes of raw milk at less than 1% of normal levels so far in 2021. This raised the question of how the industry in NI was dealing with this milk, given its lack of processing capacity. ....

United Kingdom , Northern Ireland , Republic Of Ireland , Patty Clayton , Ireland Central Statistical Office , Central Statistical Office , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , குடியரசு ஆஃப் ஐயர்ல்யாஂட் , பாட்டி களிமண் , ஐயர்ல்யாஂட் மைய புள்ளிவிவர அலுவலகம் , மைய புள்ளிவிவர அலுவலகம் ,

Biden, Yellen and the War on Leprechauns | RealClearPolitics

Biden, Yellen and the War on Leprechauns | RealClearPolitics
realclearpolitics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realclearpolitics.com Daily Mail and Mail on Sunday newspapers.

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Paul Krugman: Biden, Yellen and the war on leprechauns


Paul Krugman: Biden, Yellen and the war on leprechauns
By Paul Krugman / The New York Times
© Provided by Pittsburgh Post-Gazette
In the summer of 2016, Ireland’s Central Statistical Office reported something astonishing: The small nation’s gross domestic product had risen 26% in the previous year (a number that would later be revised upward). It would have been an amazing achievement if the growth had actually happened.
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But it hadn’t, as government officials acknowledged from the beginning. It was, instead, an illusion created by corporate tax games. At the time, I dubbed it “leprechaun economics,” a coinage that has stuck; luckily, the Irish have a sense of humor about themselves. ....

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