Monday October 26, 2020

Volvo boss warns of budget ‘fear factor’

Gloomy forecasts discourage spending, and a rolling budget could convince consumers that ‘life goes on’, writes James Enright

30th October, 2010

The managing director of Volvo Cars Ireland has called on the government to introduce a rolling budget to remove the ‘‘fear factor’’ that is hampering consumer confidence.

David Baddeley said that consumer spending was the key to an economic revival, and short-term measures were needed to encourage people to spend instead of save in tough times.

‘‘There is a feelgood factor associated with spending and it motivates the consumer in a...

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