Thursday 23 November 2017

Income tax change may win elections but it just doesn't make any sense

Finance Minister Michael Noonan
Finance Minister Michael Noonan
Stephen Kinsella

Stephen Kinsella

There is now incontrovertible evidence the domestic Irish economy is recovering.

Employment growth has exceeded expectations for two quarters now, with unemployment decreasing to 12.1pc, domestic demand for goods and services increasing by almost 3pc when you adjust for seasonal effects and price changes, and retail sales going up by almost 2pc.

These might sound like small changes, and they are, but taken together they are signs of a febrile recovery taking place within the domestic market where it matters.

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