Thursday September 24, 2020

Matt Cooper: Government must have courage enough to spend, spend, spend

The July stimulus plan will be announced on Tuesday. Access to cash is vital for families and businesses, so the government should not be afraid to borrow cheap money and put it to work

19th July, 2020
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Grafton Street in Dublin: the government’s stimulus plan, to be unveiled on Tuesday will need to commit money to SMEs and the wage subsidy scheme to keep the economy from stalling Picture: Fergal Phillips

Tuesday will be an enormous day politically, economically and even socially. While the government may want to target October’s budget for announcing the bulk of its measures to try to save the economy from the Covid-19 ravages – on the basis that we will know more then – the needs are immediate, and the July stimulus plan due to be unveiled in two days time will have much to address.

The fear, however,...

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