Monday 20 November 2017

British plan could wipe smirk off the face of Ireland Inc

Governor of the Bank of England Mark Carney gives a press conference at the Bank of England in the City of London where he signalled interest rates could be cut over the summer to bolster the economy after the Brexit vote. Photo: Matt Dunham/PA Wire
Governor of the Bank of England Mark Carney gives a press conference at the Bank of England in the City of London where he signalled interest rates could be cut over the summer to bolster the economy after the Brexit vote. Photo: Matt Dunham/PA Wire
Donal O'Donovan

Donal O'Donovan

After the traumatic reaction to its own Brexit vote, the UK is dusting itself down and coming back with an aggressive plan to retain its European business crown.

The UK is slashing tax, priming the economic pumps with easy money and sinking the pound to boost exports.

It's a brutally simple plan, and, unfortunately for Ireland, may prove very effective, especially as we've watched our own competitive edge blunted in recent years.

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