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Thursday 19 April 2018

Kenny signals more cuts and taxes lie ahead

Taoiseach Enda Kenny: 'Never again' wants to see a boom-bust economy
Taoiseach Enda Kenny: 'Never again' wants to see a boom-bust economy

Fionnan Sheahan and Niall O'Connor

TAOISEACH Enda Kenny has signalled there are more cuts and taxes to come as the Government will set out a plan to continue to cut borrowing to "sustainable levels".

But the Coalition is facing massive public expectation of an easing of the austerity budgets in the wake of the popular exit from the bailout, the latest poll reveals.

The Labour Party has received a boost in support from the announcement of the clean exit from the bailout, and Fine Gael has stayed steady, the poll shows.

In a reversal of the junior coalition party's slump, Tanaiste Eamon Gilmore got a timely boost ahead of his party's conference next week, when Labour's support went up three points to 12pc.

Mr Kenny will also be satisfied to see Fine Gael support stayed steady on 29pc.

Labour made its gains at the expense of the main opposition parties, with Fianna Fail down one point to 22pc and Sinn Fein down two points to 15pc.

Independents are unchanged on 22pc.

The poll also shows more than half of voters approved of the country's exit from the bailout.

The latest 'Sunday Business Post'/Red C opinion poll was conducted among 1,000 voters between last Monday and Wednesday, following the bailout exit announcement.

The poll shows satisfaction with the exit from the bailout with more than half of those surveyed, 52pc, feeling the Government had done a good job in leading Ireland out of the EU-IMF programme. However, 46pc did not approve and 2pc didn't know.

The end of the bailout has raised hopes of an easing of austerity. Nearly three-quarters of voters, 73pc, want to see less spending cuts and tax hikes after the troika's departure.

But 23pc want to see the Government continue with the tough budgets to reduce borrowing.

Mr Kenny's signal about further austerity comes after 'The Herald' revealed last week there are more tough budgets on the way as the Government plans to stop borrowing completely within the next five years and chip away at our huge debt.

Mr Kenny said yesterday the Coalition won't allow a return to "boom-bust" economics.

"To deliver on our promise that never again will we allow the recent economic calamity that bestowed Ireland to happen again, we will continue our ambitious reform programme regardless of any troika oversight.

"Never again should the Irish people have to endure the devastating effects of a boom-bust economy," he said.

Irish Independent

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