Friday 19 January 2018

Brendan Keenan: Focus on the gap between our income and what we spend

Brendan Keenan

Brendan Keenan

THE banks are not only messing up the public finances. They are messing up our heads. This in turn is likely to mess up our policies.

There was, for instance, a delay in producing last week's pre-Budget estimates for government spending and revenues. Apparently, there was difficulty in deciding how to treat the "promissory notes" due to be paid to the banks to top up their capital.

The banks also mess up the statistics, and that may matter too. There is, first of all, the perception problem.

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