After they buy their fags and booze?
Our of control current spending on health and housing, no magic money tree, but it can be paid for out of windfall corporation tax receipts.
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I think someone needs to point to Ciaran that wages in Ireland are already sky high compared to most places.
It’s a wage/price spiral.
The 78000 people ringing SvP will be delighted to hear that.
Ireland Inc is priced to match.
No magic money tree but they paid the wages of half of the country to sit on theor holes and watch joe exotic. While asking us to clap for the hospital staff they underpay and overwork. Neo Liberalism at its finest
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The kites being flown about cuts in the upcoming budget is pissing me off tbh. The budget is 5 months away and tax cuts/benefits usually take a few months to take effect as opposed to hikes which are over night…
A lot of the high end jobs are worked by foreigners… Shur we don’t have the numbers skilled in a lot of areas. In for a few years, will pay high rents, gone again… There can be both plenty of money about but also large sections of Irish being priced out of their own country at the same time…
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It will all end up in the housing market in the end.
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No more lockdowns (for now) is the big news of out of todays ECB meeting, a major policy shift in that they’re quantitative easing policy has ended after 8 years ie no more buying of sovereign debt issues
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Interest rate increases were always coming. The only way to take money out of the economy and create a recession. Direct result of allowing borrowing the free money with no consequences 2 years ago. Anyone who suggested it then was eaten alive for murdering grannies
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Also has the knock on effect of making our national debt a far greater burden on the country.
Anyone who can- should fix their mortgage interest rate anyway.
I’d say this is just the start of it.
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QE since 2010 or 2011 is the main driver of this - covid measures probably brought it to its conclusion though alright with cash accumulating and nowhere to spend it. I’m not sure if the financial system ever really genuinely recovered from the 2008 crisis.
Maybe in fairness it did in Dublin, but I didnt see it in Limerick anyway in terms of new buildings being built, new housing estates etc.
Very laboured vs 2002-2006ish.
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Those PUP payments were always going to be retrieved one way or the other.
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The Pfizer fanboys thought that they were getting money for nothing
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Unquestionably saw it in my own house eldest working in the nite club getting €120 for 2 nights going through his masters all of a sudden getting €350 a week when he applied back in March 2020 and fook all to spend it on. But if you’d listened to certain posters here we’d still be doing it as we search for the nirvana of “zero covid”
. Absolute insanity, there’s always a bill to be repaid for decisions such as those taken.
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The magical money tree isn’t evergreen.
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Rational people can see that, not everyone is rational unfortunately
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