Don’t fritter away tax windfall on day-to-day spending

History is littered with generals who lost a battle because they were still fighting the last war, writes Fergal O'Brien of Ibec

10th September, 2017

History is littered with generals who lost a battle because they were still fighting the last war. Policymakers and economists regularly fall into the same trap in vowing to avoid the mistakes which caused the last economic crisis.

We have seen some of this mindset in recent years in Ireland, as observers of the Irish economy failed to spot the recovery and the emerging need for investment. While many obsessed over the legacy challenges in...

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