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Showing posts with the label emergency budget

As Economy Freefalls Politicians Invisible...

A nation in crisis, politicians invisible... POLL: Seventy-four per cent want Dail to be recalled immediately: The public is demanding that politicians come off holiday following the publication last week of the worst mid-summer economic data in living memory. Almost four months after the Government introduced an emergency Budget designed to stabilise the economy, exchequer figures show that the situation is getting perilously worse. Since that Budget on April 7, tax revenue has continued to decline at an alarming rate and current spending has continued to increase unchecked. The result is that the budget deficit has widened dramatically in a month, by almost €2bn, at a time when the Government had hoped it would reduce following its imposition of painful income and pension levies and tax increases. On top of that, Live Register figures, also published last week, show that almost 350 people a day are now losing their jobs . Politicians, meanwhile, are on holiday, with no intention of r...