Saturday August 8, 2020

The Last Post: €7bn stimulus falls far short of what economy needs right now

There are times in politics when a partial investment is just not going to cut it, and when the bigger bet actually has the better chance of paying off

26th July, 2020
2
The idea of the Vat reduction is that retailers can either reduce their prices or keep the prices as they are and retain the extra 2 per cent for themselves.

Not bold or daring enough. It may seem a bit begrudging to say that of a €7 billion-plus government stimulus when we are heading for a €30 billion deficit this year, but desperate times sometimes require seemingly dangerous measures.

What the economy is facing is nothing like we’ve ever faced before, so that’s why the response has to be too. What was announced on Thursday in the July Stimulus was a hedged bet, a gesture...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The Minister for Finance smartly remedied a gap in the revamped employee wage subsidy scheme which would have left out the self-employed

Matt Cooper | 6 days ago

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

Matt Cooper | 2 weeks ago

The banks claim they have to add interest to mortgage deferrals. Bringing them to heel may not be a great long-term plan for their viability

Matt Cooper | 3 weeks ago