Monday 19 February 2018

Martina Devlin: This summer of unease is just calm before storm

HERE we are in the dog days of summer but sunshine and holidays can't lighten the shadows: people's dread about being caught short financially and natural worries for the future.

Is that fear factor justified or is it a symptom of the negativity loping at our heels since the bank guarantee almost three years ago? Unfortunately, judging by the EU-IMF memo of understanding quietly released on the cusp of the August bank holiday weekend, we are right to be apprehensive.

For the first time, we can see the shape of the next Budget. It is not a pretty sight. We knew €3.6bn had to be raised between savings and taxes, but we didn't know how. The dots have now been joined.

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