Louise Byrne

I was kind of reading through this.

I was kind of reading through this and it was people, you know, young people talking about, you know, going on nice holidays and buying themselves nice things.

And then I was thinking back to when I started working full time when I was 19 and I was going, well, yeah, I was spending more money because I didn't have that money before to spend.

So, you know, I was spending it when I was young on nice holidays and nice things.

And then you hit your mid-twenties and you start to realise you need to start saving.

So...

I don't know if this is a new phenomenon or it's just part of growing up and starting to work that you treat yourself.

Yes, so this is kind of a new statement that we're getting from Simon Harris and Jack Chambers after Cabinet this morning.

And it's essentially going to lay out where Ireland is financially.

Now, as part of this, obviously, the war is continuing in the Middle East and the impact of the war in Iran is having huge impact on the energy prices and fuel prices.

and all of these kinds of things.

So as part of the spring economic forecast, Pánaiste Simon Harris, who's also the finance minister, asked officials in the Department of Finance to put together three scenarios to see what would happen kind of in the good, bad and ugly situation, I guess you could say.

So what they have come back with is three scenarios.

So the baseline scenario, which you would imagine is if nothing

you know, if everything went back to normal, etc., then you have the adverse scenario and the severe scenario.

So what we are expecting ministers to be told this morning is that in all of these scenarios...

Ireland's economic growth will continue.

However, depending on which scenario you're in, that economic growth will just be at a slower rate.

So the Tánaiste are very keen to stress yesterday that, you know, we're coming at this from a good place no matter what happens.

But Jack Chambers is also expected to tell ministers at Cabinet this morning with his public expenditure hat on that they also need to control their spending and rein in their spending.