Ireland's July stimulus plan 'twice as large as UK's'

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Ireland's July stimulus plan 'twice as large as UK's' says Finance Minister Paschal Donohoe

Finance Minister Paschal Donohoe has said Ireland's July stimulus plan is twice as large as that of the UK in relative terms, with a higher spend per person.Mr Donohoe and Government ministers have been defending the plan for the economy, which opposition parties have described as a "missed opportunity".

He said: "The UK recently announced a summer package of £30 billion, approximately 1% of UK national income. Mr Martin said the extension of the Temporary Wage Subsidy Scheme and the Pandemic Unemployment Payment were the key planks of the scheme.

 

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