Sunday 11 December 2016

Noonan has no clothes on growth, said the mandarin

Shane Ross

Published 18/10/2015 | 02:30

JACKANORY, JACKANORY: Michael Noonan’s and Brendan Howlin’s pre-election splurge is based on hopelessly optimistic predictions of the growth rate
JACKANORY, JACKANORY: Michael Noonan’s and Brendan Howlin’s pre-election splurge is based on hopelessly optimistic predictions of the growth rate

Who do you believe, the mandarin or the professor?

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Last Wednesday morning, Prof John McHale headed for RTE's Morning Ireland. His mission was to alert the nation to a danger. He felt that the Government had pulled a fast one. In the process, he nearly torpedoed the Budget.

The professor is chairman of the Fiscal Advisory Council (FAC), the watchdog reluctantly set up - by the Cabinet under pressure from the Troika - to give independent judgments on government forecasts and keep them on the straight and narrow.

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