Good ideas unfortunately the government will increase the house tax and car tax in the coming budget. Removing even more money from the domestic economy…..

” The policy instruments used to achieve the target were tax increases and cuts in capital expenditure. The tax
increases proved counter-productive, discouraging investment, distorting the labour market and encouraging vast levels of tax evasion and avoidance. The capital expenditure cuts did not enter into the calculation of the CBD. The result was that while the government managed to reduce the Exchequer Borrowing Requirement
(EBR) to GDP ratio, the CBD/GDP and public debt/GDP continued to increase until 1986. The Prime Minister of the time, Garret FitzGerald, now accepts that his government’s choice of the current budget deficit as the target for fiscal policy was ill advised and it would have been better to target the EBR (FitzGerald, 1995)”
Tales of Expansionary Fiscal Contractions in Two European Countries: Hindsight and Foresight
( Considine, Duffy)

Exactly 30 years after FG/Labour failed attempt at a fiscal correction, they have managed to do the same again.
Clearly, they are not capable of competent fiscal or economic governance.

Dropping the VAT rate would only increase company profits as they would not pass on reduction to customers. This would only work if companies have a legal obligation to pass on the rate reduction. This will not happen because if shops are forced by law to pass on reductions, they would argue that banks would have to do the same for interest rate reductions, fuel prices would also have to be reduced as companies are getting crude oil a lot cheaper now but prices at the pump do not reflect this. A way around this would be to lower income tax rate by about 0.10% for every 1% of a VAT change. This would ensure that people have extra money to buy stuff than to believe companies will pass on a VAT cut.

CSEC, within competitive markets businesses that pass on savings/vat reductions will gain Market share. Those that don’t will lose Market share.

Yes jobs and prosperity for the euro elite over in Brussles. They have just voted themselves another pay rise. The EU budget has gone up again last year. The EU accounts have not been signed off for the past 16 years! Meanwhile Spain cuts E65 billion off its budget

Oh don’t worry Daniel. The government propaganda machine sometimes sends the wrong e-mail to the wrong media outlet. Obviously the Irish Times got the e-mail intended for The Financial Times Deutschland. It’s not a problem really. The Ministry of Truth will rectify all with updated data and nobody will be any the wiser.