Tax cuts hard to justify, says ESRI

In its latest economic commentary, the think-tank favours a ‘holding’ budget, mainly because of Brexit risks and the need for housing investment

Paschal Donohoe urged to deliver 'neutral' budget. Pic: RollingNews.ie

The Economic and Social Research Institute (ESRI) has upgraded its forecasts for the Irish economy for this year and next year, on the back of a fall in imports and faster than expected growth in the domestic economy.

In its latest economic commentary, the think-tank also favoursa ‘holding’ budget– one that neither stimulates nor shrinks the economy – mainly because of the risks of a no-deal Brexit.

“At this stage it is prudent ...