Labour Party calls for national debate on how to spend state’s surpluses

Government is planning on setting up two separate funds deal with predicted €65 billion windfall corporate tax receipts

Ged Nash, Labour TD and party’s spokesperson on finance. Picture: Fergal Phillips

The Labour Party is calling for a national debate on how a new sovereign wealth fund should be operated and spent.

In a document circulated last week to Labour Party members by Gerald Nash, TD for Louth and the party’s spokesperson on finance, the party made the “positive case for how a national wealth fund would benefit the people”, rather than what it said was the government’s approach of “presenting the arguments against spending these ...