Sunday September 20, 2020

Budget 2020: A budget that prepares for the worst and hopes for the best

Minister for Finance Paschal Donohoe always knew this budget would be defined by Brexit, and he reacted accordingly last Tuesday. But will it be enough?

13th October, 2019
Paschal Donohoe presents his ‘Brexit budget’ Picture: Getty

While there was a multitude of themes in Minister for Finance Paschal Donohoe’s budget speech, it is unlikely that historians looking back will call it anything but the Brexit budget.

Finance ministers traditionally face a simple binary choice on budget day: put more money into the economy, or take money out. But the spectre of a no-deal Brexit made Donohoe’s choices more blurry, less stark. On the one hand, he was understandably reluctant...

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