| 13.1°C Dublin



The rules of the game are changing

Axe the facts and max the tax. If anyone advising the Government on economic policy has a mission statement, that is my best guess as to what it is. In 2004, the last year when Charlie McCreevy was Minister of Finance, total net government spending was 31 per cent of GNP. As of Budget day, this is expected to rise to around 37 per cent by 2010.

By stimulating the economy, low tax rates led to a trebling of actual tax revenues between 1997 and 2007, making a nonsense of claims that we have been cutting tax over the last decade.

Most Watched