Expert downplays concern over UK tax rate

A leading economist says we shouldn't be overly concerned by the UK's plans to cut its corporate tax rate to below 15%.

Eoin Fahy Chief Economist with Klienworth Benson Investors in Dublin does not think it will have a negative impact on foreign direct investment here.

He says talk of lowering the corporate tax rate across the water is just a sign the UK is panicking following the BREXIT vote – but we should stay calm.