Spare us the false promises of tax cuts

The exchequer returns published during the week provided some encouragement. So far, the budget figures for 2014 appear to be broadly on track.

6th April, 2014

The exchequer returns published during the week provided some encouragement. So far, the budget figures for 2014 appear to be broadly on track. Tax revenues are slightly ahead of target and spending is running below expectations. The story of Ireland ''delivering on its commitments continues.

Yet there is an air of unreality in some of the discussion of these figures. Many in our political classes and elsewhere are stoking up the expectations for ''tax cuts.

Unless...

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