Murrays Blog
14 Oct 2020 Budget 2021:  Unprecedented borrowing in an unprecedented crisis »

Budget 2021:  Unprecedented borrowing in an unprecedented crisis

There were big numbers, sombre forecasts and a now mandatory bit of Seamus Heaney as the new Coalition Government yesterday (October 13th) announced the largest spending increase in the history of the State. “If we winter this out, we can summer anywhere”, said Paschal Donohoe, quoting Heaney. But the extraordinary level of borrowing to fund huge current spending will take the edge off the winter. The danger is that if the impact of the pandemic continues after 2021, into 2022 and beyond, the “new normal” level of public spending could become unsustainable as an economically ravaged country considers...

Read more »
29 Jun 2020 New three-party Cabinet faces huge and immediate issues »

New three-party Cabinet faces huge and immediate issues

Mark Brennock, our Director of Public Affairs, looks at the daunting challenges facing the new Ministers in the Fianna Fáil/Fine Gael/Green Party Coalition and profiles each of them.   After months of political stasis, the new Taoiseach is keen to give an impression of a dynamic and fast-moving Government. The new Cabinet met on Saturday, many Ministers met their new senior officials yesterday (Sunday), and the Cabinet meets again today (Monday). The impression is of urgency and speed. To portray an image of a new, fresh government after all this time, it is also not surprising...

Read more »