Budget wish lists point to a Peter Pan economic outlook

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Budget wish lists point to a Peter Pan economic outlook via IrishTimesBiz

Some of the pre-budget proposals Minister for Finance Paschal Donohoe is receiving appear simply to be part of a cyclical mantra. Photograph: Gareth Chaney/CollinsIt’s bad enough that political parties engage in populist politics, proposing rafts of tax reliefs, incentives and handouts without any serious effort to explain how they will be paid for or what other State-provided services we will have to do without.

Take VAT. The submission proposes that the reduced 9 per cent rate on hospitality be extended to the end of 2024. The pitch to have the reduced rate extended for a further 22 months comes as the Irish Tourism Industry Confederation, no less, is taking some in the hospitality sector to task over “eye-watering” and “excessive” pricing.

 

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