Economics

John Walsh: Ivana Bacik’s call to ramp up spending could be foiled by wider debate about inequality

While the focus on inequality might pave the way for Ireland’s first left-wing government, the global debate on the issue could deprive it of the revenues needed to fulfil its pledges

Ivana Bacik, Labour leader, cited inequality as one of the biggest challenges facing the country at the Labour party conference last weekend. Photo: Sam Boal/Rollingnews.ie

Ivana Bacik would be well advised to read two articles that appeared in the Business Post last weekend.

Bacik gave her first speech as Labour leader at the party’s conference last Saturday and, as expected, there were a number of headline-grabbing measures promised. Not least among these the pledge to provide one million homes over the next decade, a pledge aimed at winning back the centre-left voters who have deserted the party in droves over ...