Aidan Regan: Public debt is not a moral failure, it is an investment in the future
The EU’s fiscal rules are not fit for purpose, and Europe must break out of the mindset of a balanced budget as the ultimate goal and utilise debt to its advantage
The biggest threat to the future of economic prosperity in Ireland and Europe is a return to the old fiscal orthodoxies. These conservative orthodoxies worry about inflation, call for public debt reduction, and demand balanced budgets.
Not only are they bad economic ideas – founded on poor and weak empirical evidence– they are dangerous economic ideas that lead to social destabilisation and political conflict. What Ireland and Europe need is a new fiscal consensus that...
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Aidan Regan: The dethroning of global tax sovereignty — and why it’s a good thing for Ireland
Governments will soon have the right to collect taxes on multinationals’ sales in their jurisdiction, even if that company has no physical presence in their country. This is a massive shift — and is ultimately positive for us
Personal grooming spend up seven-fold as social activities reach almost pre-Covid levels
Bank of Ireland debit card spending analysis released today reveals boom in spending across hairdressers, accommodation, retail and travel
Hope and high stakes: Can the economic recovery plan work?
With hotels and B&Bs trading again after a seemingly endless hiatus, the hope is that this has been the last of the lockdowns. But some have doubts over the government’s plan to get the country moving again
Release of ‘pent-up demand’ drives sharp increase in services business activity
The latest PMI survey data from AIB signalled a marked pick-up in growth across the services economy in May as restrictions were eased