Saturday October 31, 2020

Small firms stand at a crossroads after budget

Reduced consumer spending could render useless any budgetary gestures towards small businesses, writes Brian Keegan.

9th December, 2012
Eamon Gilmore and Enda Kenny at the launch of Action Plan for Jobs 2012 in Dublin last July. Photo: PA

We seem to persist in the belief that what we could afford to spend in 2007, we should still be able to afford now. None of us is terribly happy, therefore, with this budget's tax and expenditure measures.

If government expenditure had shrunk in line with the economy, as private sector income has, there would be no need for additional taxes. But it costs more money to run a welfare state in a downturn than in...

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