Report Says Worst-Case Scenario Brexit Will Cost Ireland's Economy €18Bn.

A worse-case scenario Brexit deal could cost the Irish economy €18 billion.

That's according to an independent report commissioned by the government which was considered by the cabinet this morning. 

It stated Brexit will have a negative impact on Ireland in all scenarios, even with a soft exit. 

However the report was done under the premise no government action will be taken to counter the risk, and acknowledges this could mitigate the damage to the economy.