No easy choices for Lenihan

The Minister for Finance will have a tough task trying to boost the exchequer finances, particularly when it comes to introducing new taxes

One of the worst effects of this recession is that it has made economists of us all. It’s only midJuly, yet the debate is all about what Brian Lenihan, the Minister for Finance, might or might not do in his next budget, which isn’t even due until December.

The consensus is that the minister is not going to rely on cuts alone to close the yawning gap between public expenditure and tax revenues. ...