Louise Byrne

Because we don't really know what's going to happen next with the Middle East.

We've had kind of a few false dawns over the last couple of weeks where it looks like it's.

over, it looks like the Strait of Hormuz is going to open and then all of a sudden everything changes.

So he is warning that the longer this goes on, the bigger the risk of stagflation, which I think nobody wants to see.

But I think on the other hand, you could kind of call it the good cop, bad cop of it all.

Jack Chambers is warning about stagflation and that there is a risk of it.

But Simon Harris is saying in any scenario, there will be economic growth.

It's just a question of how much or how little there will be.

So

I think more information after Cabinet, the two money ministers doing a press conference, I think there will be a lot more clarity later on about just what these scenarios looked at, what they are assuming could or could not happen and what we can expect from Budget 2027 on the 6th of October.

Yes, this is quite interesting.

We were up in Drogheda yesterday for a press conference with Simon Harris at a sod-turning ceremony and he was asked would he rule out the reintroduction of

energy credits, specifically energy credits he was asked when he ruled them out.

And he said at this stage, it would be foolish to rule anything out, that we need to kind of keep our powder dry and see what's happening.

But he wasn't going to rule anything in or out, which is a little bit of a departure from what we have seen, because a lot of it, in fairness, is dependent on the time of the year that we're in.

And Simon Harris said this again yesterday, an energy crisis in the summertime, like right now, where the days are a little bit brighter, the evenings are a

get better weather, thankfully.

It's very different from if we were facing this scenario in the wintertime.

And at the moment, we just don't know if that's going to be the case.

So whether or not we get to a position where we need the energy credits is probably a question for another three or four months time, but certainly seem to be back on the table in a way that they weren't in the last couple of weeks.