“As a result, we expect over three million EU citizens to enter Ireland over the next five years – this may create some panic in Ireland and may cause them to hold their own referendum in a few years.
“For many EU citizens the possibility of going to the UK without restriction was the cherry on the cake as it was an English speaking country with a good social welfare system and offered a route to other English speaking countries such as the US and Australia through work transfers. That cherry is now gone.”
Mr Amoils said the impact of Brexit on the UK economy was not clear, and could largely depend on how constructive an approach other EU leaders take to exit negotiations.
He said: “For the United Kingdom itself, the impact is less clear. It will depend largely on whether the EU is able to put punitive measures on the UK as punishment for leaving the union.”
Urging the Government to ensure the continued migration of skilled workers to the UK, he added: “In our view, the UK should re-introduce two year working visas for young people from Australia, New Zealand and Canada. This will ensure that well educated young people continue to come to the UK. It will also strengthen UK ties with these important countries.”