Covid 19 - The economic fallout

Iā€™ll be spending like thereā€™s no tomorrow in 2021.

Fellas wonā€™t leave the pub ever again

Savings levels in Ireland are off the charts at the moment.

Its getting to the stage now where our lockdown default position is starting to effect in foreign direct investment as seen in article above in relation to Danish and French companies. They have cited us as being complete outliers in terms of any other jurisdiction in which they operate.

Yesterday Ryanair announced they were running 8 routes from Belfast. An airport they had not used in 11 years. This came shortly after announcing that they would be shutting their base in Cork.

Aer Lingus have removed aircraft from Shannon and moved them over to the UK.

Hotel and Guesthouse bookings for summer in Ireland are 15-20% of capacity.

And of course the cherry on top Paschal Donoghue announces yesterday that taxes will need to be raised. Its shocking how there is no appetite for anyone to even want to talk about stimulating economic activity. If everything hinges on vaccine roll out surely we need to be going outside the collective bargaining agreement so we can open up our economy quicker.

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I find that hard to believe.

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There you go. Actually it is much lower in some parts of the country,

We locked down extra long and hard to cover up the shortcomings of NPHETā€™s operating subsidiaries.

And it made no difference.

As those of us who pointed out how addiction to lockdown was unsustainable.

appreciate you substantiating and may indeed be true but it I still find it a dubious figure!

Dublin hotels may as well close up. The government have no interest in even talking up the possibility of live events or inbound tourism.

All so they donā€™t get accused of ā€œbacking big business over healthā€ on Twitter.

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Yes we have backed ourselves into a corner now. Sunk cost fallacy brutally exposed. Will be hard to change the mindset.

Staycations being the most likely driver of tourist revenue, you might indeed be right that Dublin hotels be better shutting for the summer

I guess uncertainty is feeding into a lot of it. Also what is the point staying in a hotel if you cant sit inside and eat or drink. They have made no secret of an outdoor summer. Its nearly like their marketing campaign at this stage. As a result Airbnb bookings and private holiday lets have seen a much larger uptake. Also bookings for Northern Ireland have increased but I agree it does seem very low considering July and August are peak months.

Lockdown merchants have destroyed the country

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Yeah Dublin hotels are reliant on cultural and sporting events, festivals, American tourists so they are in a very precarious position.

Dublin has been utterly ruined. The city taken over by scrotes as thereā€™s no regular footfall in there.

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Iā€™m in there a couple of times a week. Park opposite Dr Tony.

Itā€™s sad to see the place. Cops donā€™t seem to care either. Lots of aggressive begging and anti-social behavior is let go. Iā€™d imagine a lot of places simply wonā€™t reopen.

Itā€™s sad. I walk in there a good bit. Place is falling asunder. There were homeless lads camping in Templebar last Sunday. Itā€™ll be a long road back.

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Wonder what the new category of tax will be called for the payback? The ā€œtemporaryā€ USC is now fairly well established. Pascal finally came clean the other day about increased taxes, why on earth is there not more being made of the promises all along that tax increases were on not on the table? Varadkar was the driver there. That rotating taoiseach idea has caused so much grief in a time when we didnā€™t really need any more double speak.

Youā€™d want to tell the people setting their prices

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Covax