This week, the Catalan parliament declared independence. Immediately, the Spanish government annulled this move and announced direct rule from Madrid. By tomorrow, the Spanish authorities will have taken over all the organisations of the Catalonia state, including the...
The current tracker mortgage scandal has its roots deep in the Celtic Tiger boom when the banks went hell-for-leather to lend to anyone in order to make more and more profits. We are talking about huge amounts of money here. Consider the fact that it took Bank of...
It has been particularly interesting listening to Finance Minister, Paschal Donohoe, talk about his plans for tax rates. He wants to reduce income tax on the ‘squeezed middle’. This is undoubtedly a laudable move. Excessive taxation cripples people, as too...
Do you remember the break up of Yugoslavia? At first people said it could never happen. Yugoslavia had been a federation since the First World War, it had Europe’s biggest standing army, it had been the ballast between East and West and yet, it disintegrated in...
With the Budget just ahead of us, it is timely to remind ourselves of the original Colbert report. I don’t mean Stephen Colbert, but rather Jean Baptiste Colbert. He was the extraordinarily talented finance minister of Louis XIV who radically overhauled the...
The budget, only a few weeks away, is the main instrument used by a government to signal what type of economic policy it favours. Using the tax system, the cabinet indicates where it would like the country to go and what sort of society it is trying to establish. The...
