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1 Down 15 To Go - Fianna Fail Economicy Policy
Read more about: Economy, Election Spending, Fianna Fail, Government, Irish Election, Irish Politics, Policy, Taxation
Good news, the election kicks up a gear with the Government launching a document on Economic Policy.
Second bit of good news ; “Today’s document will also contain a commitment to review the regulation of the energy and the telecoms sectors to deal with concerns over rising energy costs.” An implicit admission that rises in costs for both, lack of broadband and other issues may be down to the regulator.
Most of today’s stuff has been pre-promised in the kitchen sink speech only this time it comes with costings. Hopefully the party are better at predicting budgets than their Finance Ministers.
The party reckon they can manage 4.5% growth per year over the next five years. The IMF reckon its gonna fall back to 3.7% in 2008 so watch this space, bearing in mind they ritually under predict tax receipts.
As well as this employment will grow at 2.5% per year. Again the IMF has differing predictions on this front, that unemployment will creep up over the coming years (to 4.5% this year and 4.8% next year).
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