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Pearse Doherty Interview: ‘Big business and investors know Sinn Féin won’t go after them’

Housing — not tax — is the main problem for the economy, believes the party’s finance spokesperson

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Sinn Féin leader Mary Lou McDonald and finance spokesman Pearse Doherty are planning for government, with polls showing rising support.​​​​​​​ Picture by Gareth Chaney

Sinn Féin leader Mary Lou McDonald and finance spokesman Pearse Doherty are planning for government, with polls showing rising support.​​​​​​​ Picture by Gareth Chaney

Sinn Féin leader Mary Lou McDonald and finance spokesman Pearse Doherty are planning for government, with polls showing rising support.​​​​​​​ Picture by Gareth Chaney

On the Monday after Sinn Féin captured nearly a quarter of the vote in the 2020 general election, investors dumped Irish banks, housebuilders and property stocks as the prospect of a Mary Lou McDonald-led government hovered into view.

This was a manifestation of a long-held view in investor circles that Sinn Féin would be bad for business. In 2015, a senior economist in Goldman Sachs suggested the main risk to Ireland's economic future was the party’s increasing popularity.


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