Friday 2 December 2016

Push for pre-crash salary restoration is re-inflating the bubble

Published 09/11/2016 | 02:30

‘If the Government could only afford to give OAPs a €5 pension rise in the Budget, how can it restore public sector pay?’ (Maarten Wouters/Getty Images)
‘If the Government could only afford to give OAPs a €5 pension rise in the Budget, how can it restore public sector pay?’ (Maarten Wouters/Getty Images)

We seem to be witnessing a race by an ever-increasing number of public-sector bodies towards salary restoration to pre-crash levels.

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This is happening at a time when the Government, rather than attempting to recover at least part of unpaid corporation taxes by big companies investing here, prefers to scrape the bottom of the barrel to please them all.

Alas, we are slowly but surely heading once again for an inflated economy, swelled by the greed that led to the financial crisis.

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