Thursday 19 October 2017

David McWilliams: Government's dithering is strangling recovery hopes

David McWilliams

David McWilliams

Strolling through Hyde Park in the sun this morning, it is difficult not to get the sense that Ireland is the land that time forgot. The rest of the globe is moving on gradually from the great crash of 2007/08.

Our major trading partner is growing again, its industrial output is expanding and there is a feeling that the worst has passed. The UK is doing just fine, the unemployment rate is 7.8pc, and the economy added an extra 184,000 jobs between March and June of 2010 (the highest rate since 1989).

Even house prices have staged a bit of a recovery with the Halifax house price index showing growth of 4.6pc to the year ending in August. Business confidence in the UK, though still under pressure, is rising.

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