Michel Barnier, the EU’s chief negotiator, is to meet Steve Barclay, Britain’s Brexit secretary, today in the latest attempt to make progress on a deal

Extra funding will be set out in next month’s budget to support the worst-hit industries if Britain leaves the European Union without a deal pushing Ireland into a temporary deficit, the finance minister has said.

Paschal Donohoe will announce a budget day package of €2.8 billion on October 8 with €2.1 billion already accounted for, leaving €700 million to work with. He told the Dáil that additional funding would be made available in the event of a no-deal Brexit to combat job losses and offer support for the worst-hit sectors.

“My objective is to be outlining a set of supports that are available, only in the event of a no-deal setting. In relation to the magnitude of the supports, while it would be up to