Tuesday July 14, 2020

Brexit, the budget and a minister’s tough choices

The idea of a disorderly Brexit is worrying for a government that has struggled recently to keep a grip on the national finances

Ian Guider

Markets Editor

@ianguider
30th June, 2019
The Irish Petroleum Importers Association wrote to Minister for Finance Paschal Donohoe last week requesting that the National Oil Reserves Agency levy be reduced to avoid litigation by the industry. Picture: Bryan Meade

The Irish economy is approaching a fork in the road. According to the Minister for Finance Paschal Donohoe, echoing the words of his predecessor, Michael Noonan, there are two paths down which it could travel.

On one of these paths, the economy can continue its extraordinary growth trajectory, turbocharged by corporate tax revenues and higher wages. That would allow the government to implement a €2.8 billion package of spending increases and tax cuts in the...

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