Boardroom: Further tough times ahead

Perhaps the only bright side for Brian Cowen is that the economic news can hardly get any worse.

12th April, 2008

Perhaps the only bright side for Brian Cowen is that the economic news can hardly get any worse.

On top of the US recession, the housing downturn and the big jump in unemployment, it is clear that we now have a stubbornly high inflation rate. The March inflation figures, published last week, showed the annual rate up again to 5 per cent.

With talks on a new national pay agreement due to start shortly, this is...

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