Tax hikes in Budget 2014 will just cost jobs

Tax hikes in Budget 2014 will just cost jobs

Minister for Finance Michael Noonan does not face an easy task on budget day.

Minister for Finance Michael Noonan does not face an easy task on budget day. It is no exaggeration to say that the €1 billion or so savings from the promissory note, which will benefit the 2014 budget, have been spent a few times over already. The difficulty is, of course, that a country borrowing €1 billion a month and hoping to return to normal borrowing on the markets only has very limited scope in the first place.

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