Budget 2023 - Ireland
- Thread starter nashmach
- Start date
JohnBoy
Well-Known Member
Not directly a budget question, more of an inflation one....
Is there actually any good way to control inflation?
Raising interest rates seems to be the main option, which risks triggering recession. What other levers are their to pull.
It strikes me that any measures to relieve the pain of inflation will in their own way only postpone the inevitable correction. I'm not saying that we shouldn't take those sorts of measures but Im just wondering what else can be done
Is there actually any good way to control inflation?
Raising interest rates seems to be the main option, which risks triggering recession. What other levers are their to pull.
It strikes me that any measures to relieve the pain of inflation will in their own way only postpone the inevitable correction. I'm not saying that we shouldn't take those sorts of measures but Im just wondering what else can be done
gone
Well-Known Member
Not sure I would recommend it, but.
Reduce government spending.
Reduce inflationary taxes like VAT, Carbon tax and this levy on concrete products.
Increase interest rates.
Increase all other taxes.
scoffcruddle
Well-Known Member
whatever don’t do what the f**kwits over here have done.🤬🤬🤬
Ozzy Scott
Well-Known Member
Anyone else feeling a bit sore that anyone building is going to carry the MICA fu*k up?
gone
Well-Known Member
I may add PMPA & ICI to that list.
gone
Well-Known Member
I don't remember them being bailed out, they almost went bust a couple of times.
Mf 7715
Well-Known Member
Allied Irish Banks (AIB), Anglo Irish Bank, Bank of Ireland, EBS, Irish Life & Permanent, Irish Nationwide Building Society
Crops
Well-Known Member
Ah well, at least building costs were very affordable before another 10% cost increase on concrete……..oh wait a minute
Arthur
Well-Known Member
What about Larry Goodman, bust for something like 700 million in the 90's..
The subsequent Beef Tribunal unravelled a series of complicated credit insurance schemes which pushed Mr Goodman's business into the ownership of the banks with debts of nearly €700m.
Five years later he bought back the business from the banks for €38m
gone
Well-Known Member
I totally forgot the bold Larry, I hear the Crown is after him.
It is about the only time I will be shouting for the Crown.
Ozzy Scott
Well-Known Member
gone
Well-Known Member
Ozzy Scott
Well-Known Member
Whats that in relation too
nashmach
Well-Known Member
Vat flat rate going from 5.5 to 5%
Ozzy Scott
Well-Known Member
Oh, I hadnt seen that, wonder whats the thinking?
nashmach
Well-Known Member
Agriland are reporting it's something to do with a European Directive or similar.
Soissons
Well-Known Member
Didn’t Bewleys get a bail out from Garret the good or was it just suggested
nashmach
Well-Known Member
No net change to fuel
muckymanor
Well-Known Member
From what I saw at work today, anyone that's not working (pensioners, unemployed, disabled) are fairly happy with yesterday's budget even though a lot of it doesn't kick in until January. Hard for a paye or self employed worker to see where they will benefit until tax credits show increased wages. One could argue that those on 30k to 40k got very little from it even though they are touted as the most squeezed due to the energy crisis.
There's a few anomalies. CE schemes. Who would do one for 23 euro a week more than dole - you can't even get fuel allowance on it which leaves you down 33 a week + 400 lump sum. But maybe they want rid of ce schemes and this is a way to get people off them.
Very little detail about farmers in it.
There's a few anomalies. CE schemes. Who would do one for 23 euro a week more than dole - you can't even get fuel allowance on it which leaves you down 33 a week + 400 lump sum. But maybe they want rid of ce schemes and this is a way to get people off them.
Very little detail about farmers in it.