Wednesday 26 October 2016

Rising tide is finally lifting all our boats

Published 02/06/2015 | 02:30

There has been a strong sense that the reported rising tide was lifting a few luxury cruisers while those in the dinghies were being left with that sinking feeling.

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Today's report that, at last, after five years of retrenchment and recession most households are beginning to feel a sense of recovery is genuinely good news.

For the first time since the downturn, finances are improving and the rise in employment is feeding through to the family budget.

It has been a very long road with little sign of a turning but the prospect of even the glimmer of a feel-good factor should be seized upon to finally dispel the gloom.

Rises in consumer spending have been non-existent and while there was plenty of talk of green shoots, real growth was not significant enough to feed through to most taxpayers.

There is, however, one caveat; once again it is the greater Dublin area that is setting the pace while much of the rest of the country is lagging behind. The Government has to do more to close the gap.

While the increases may as yet be modest, they are a positive sign and give grounds for encouragement.

Irish Independent

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