Excellent, succinct intelligent commentary. I'd love you to marry this with the equally informative new research out of London on comparative wealth across the strata of society (recently covered by D McWilliams) and compare IRL vs UK...post their respective budgets, which would likely further erode any shred of credibility in the populist narrative....other than the majority of focus should turn to fixing the housing issue (assuming we are not nuked in the interim!!). Thanks for you perpetual excellent views and commentary. DR
€4.4 billion (0.9 per cent of GNI*) in 2022 and €11.8 billion in 2023 (2.2 per cent of GNI*). Following the budget changes, a surplus of €1 billion (0.4 per cent of GNI*) is projected for 2022 and a surplus of €6.2 billion (2.2 per cent of GNI*) in 2023.
The government’s budget went so far left that it caught even SF and socialist party by surprise. Election on the minds.
Excellent Summary Jim. Thank you. If only we could elect you and Chris to run the country!
Excellent, succinct intelligent commentary. I'd love you to marry this with the equally informative new research out of London on comparative wealth across the strata of society (recently covered by D McWilliams) and compare IRL vs UK...post their respective budgets, which would likely further erode any shred of credibility in the populist narrative....other than the majority of focus should turn to fixing the housing issue (assuming we are not nuked in the interim!!). Thanks for you perpetual excellent views and commentary. DR
Think you are getting GNI* and GDP confused.
€4.4 billion (0.9 per cent of GNI*) in 2022 and €11.8 billion in 2023 (2.2 per cent of GNI*). Following the budget changes, a surplus of €1 billion (0.4 per cent of GNI*) is projected for 2022 and a surplus of €6.2 billion (2.2 per cent of GNI*) in 2023.
I can only hear Jim talking ... am I right?🤣
Good piece ... love the heaps of figures at the end
Such a shame the budget didn’t have
(A) household income cap on the €600 grant for energy
(B) big incentives for changing to wind, solar power, plus grants to put the prerequisite infrastructure in place for off-shore wind farm development
(C) no tax relief for individual landlords nor any additional tax levied on the vulture funded landlords
Surprise of the budget was the 10% levy on concrete blocks etc to offset the pyrite debacle (it will increase house building costs to the consumer☹️)