A Tale of Two Cities – The contrast of future spending plans in Dublin & Belfast

It looks likely that Ireland will run a small current budget surplus in 2015, despite initially budgeting for a deficit. Growth is running at 4% plus, employment is up. taxes are flowing into the coffers at a greater rate than predicted, Social Welfare spending is falling as activation measures take hold and  Patrick Honohan has remitted an additional €300M more than expected from the Central Bank’s windfall profits. The Irish Government have announced plans to make positive adjustments of approximately …

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