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Irish Unification Referendum Cannot Transform Into 'Another Brexit', Analysts Alert

A decade following the UK entered into a hasty public vote that polarised the nation and triggered chaos, a caution emerges from across the Irish Sea: it may occur once more.

Policymakers and citizens drifted into Brexit and the similar could occur with a national vote on a unified Ireland, initiating disturbances for which no one is ready.

That conveys the caution from two leading writers from each side of the Irish border who have teamed up to examine the pros and cons of Northern Ireland exiting the UK to create a different country with the Republic of Ireland.

Administrative Institutions Unprepared

The author and columnist and Sam McBride, have determined that the political establishments in Ireland and Britain are gravely unprepared for a possibly fraught and transformative public vote.

"The lesson of Brexit remains unheeded, which is that stuff can come out of the blue and can gather momentum swiftly," the commentator said. "I would suggest that the governmental framework of our region remains extremely volatile."

Released Volume Aims to Encourage Dialogue

The team have analysed the political, financial and cultural reasons for any governmental shift in a publication, For and Against a United Ireland, published by the Irish Royal Irish Academy.

They hope to stir debate on the issue with a series of lectures that will bring them to Westminster soon.

"What haunts all parties, or ought to concern all involved, is the Brexit referendum of 2016," stated O’Toole.

"We do not want a referendum on a yes-no, unclear proposal whose results have remained undefined because then you find yourself with an highly divided society where those defeated are resistant to defeat and the victorious side lack clarity precisely what it is that they have achieved."

Constitutional Provision

Under the Belfast Agreement, the Northern Ireland government minister should call a referendum on Irish unification if it is indicated that a majority would approve.

Nationalist parties and other nationalists say such a time is approaching, and a non-profit named Ireland’s Future has garnered backing, but authorities in Dublin and London and unionists minimise the possibility, making it uncertain if and when there will be a referendum.

Insufficient Informed Dialogue

Political rhetoric for and against unity has masked the shortage of substantive discussion, said the journalist.

"Many are for or against the concept but the actual thinking which might go beyond that to achieve it hasn't for the most part happened. A lot has taken place in universities but scarcely any elected officials or advocates seek to involve themselves with the basics. For instance, what type of nation might be preferred? Centralised? Decentralised?"

Publication's Method

In the volume, neither author supports unity or the status quo. They composes two articles that strive for neutrality in presenting the argument for a united Ireland and the argument against, gathering financial and societal data, historical precedents and constitutional models.

Discussions cover identity markers, levies, medical care, elderly benefits, sovereign debt obligations and the threat of loyalist violence. The aim is to educate and provoke conversation.

"Considerable attention exists in the issue but there hasn't quite been a debate," stated O’Toole. "Dialogue indicates an acknowledgement of the idea that there might be valid points on each side."

Dual Referendums

A referendum in Northern Ireland would additionally cause one in the Republic of Ireland, where the electorate report they prefer unification but reject greater financial contributions or implementing a alternative symbol to acknowledge pro-UK communities' British culture.

"The Irish government does need to establish what the plan from pro-unification movements is aside from just stating: 'We desire a unified Ireland and we value you'," remarked the commentator.

Probability of Public Vote

McBride believes a national vote in his lifetime is possible and that it might occur suddenly. "There might be just a irresponsible or a bad or a negligent government minister who states: 'Let's just do this and settle the matter.'"

Both nationalists and unionists have reasonable, valid perspectives, he stated. "One side will succeed here and the other side will eventually not succeed but all factions has has something to acquire from the other's viewpoints."

Request for Wider Discussion

Westminster must engage with the debate, stated the analyst. "This is about Britain. It's a British issue equally as it is an Irish matter."

LP
The writer

Laura Peterson

A financial analyst with over a decade of experience in momentum trading, specializing in UK equities and forex markets.

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