Dr Emma Howard
speaker
101 appearances
1 recordings
1 series
first heard Jul 2026
last heard 26 Jul
Dr Emma Howard’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And another thing that's pointed out in the business post is that last year's VAT cut for the hospitality sector, a sleight of hand meant that they brought it in in July this year, which meant last year's budget only covered part of the cost.
You take into account that full cost for this year, which is nearly 700 million.
And you really don't have much room.
And the government really are like their spending has been about nine point four percent increase year on year over the last while.
And I guess what people need to understand, and, you know, Dan rightly said, people are looking at this forecast nine nine billion surplus that we're going to have.
But when we look at these spending increases year on year, when they're at a rate that's more than the rate of growth in the economy, they feed inflation.
They cause some of these increases in the cost of living, number one.
But number two, when we look at our tax base, which is becoming increasingly concentrated, now we've got three foreign US multinational firms.
who pay 50% of corporation tax, which accounts for about a quarter of the government's overall revenue.
So when we're narrowing that tax base even further, it leaves us not resilient to those shocks that we know are coming down the line, right?
Like our ageing population, like the cost of climate change and climate mitigation.
But, you know, it doesn't leave us any wriggle room for those unexpected shocks.
And the other issue is that, like, we're... this projected surplus
if we take away what we call those windfall corporation tax receipts, in other words, that money that we're getting that really isn't due to any economic activity that's going on in the Irish economy, we're actually in an 11 billion deficit.
So these receipts that we're getting, it's brilliant that we have all this money.
We should be using it to save for future known costs and...
for investment and for climate change mitigation, but we can't be using it to fund ongoing public service spending that we know we're going to have to keep paying for into the future and to fund tax cuts like the inheritance tax cuts, which we might get.
Yes, I found myself in the unusual position of agreeing wholly with Leo Varadkar.
In his piece today.
But yeah, I mean, so, you know, as he rightly points out, when when we think about inheritance tax, it's an emotive issue because you're talking about a loved one dying.
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