Brendan Keenan: Too early for green shoots but figures offer relief
Published 03/04/2010 | 05:00
THE daffodils are out -- two weeks late in my garden -- but could that be a green shoot in the economy?
Too early to say. But yesterday's returns on government tax revenues for the first three months of the year at least eased last month's fears that things were slipping even faster than expected.
In conditions like these, only two taxes matter for analysis -- income tax and VAT. The former is a guide to employment and the latter to consumer spending.