Wednesday 14 November 2018

Paul Melia: 'Wider economy would benefit if middle earners got a little help'

 

Estate agents predict that by next year, only pockets of Dublin within the M50 will be affordable to those on average salaries. Stock photo: PA
Estate agents predict that by next year, only pockets of Dublin within the M50 will be affordable to those on average salaries. Stock photo: PA
Paul Melia

Paul Melia

It will stick in the craw to those on middle incomes that Nama developers who would be bankrupt but for the State are enjoying six-figure salaries as they 'work out' their loans.

Some 132 firms were dissolved in the week ending November 2, according to Vision-Net.ie - which provides credit information on businesses and individuals, with liquidators appointed to another 70.

Not all were forced closures, but many of the directors of these firms will not have had the opportunity to draw generous salaries while their businesses crumbled.

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