GNP figures show Dec. 2010 Budget failed
The December 2009 budget avoided tax hikes concentrating on cutting current spending. Within twelve months the tax take was a half billion euro ahead of target and GNP was growing by 4.8%. Twelve months on from the December 2010 budget taxes are half a billion BELOW target and GNP is DECLINING at an annual rate of 4.2 per cent. The messages for policy makers couldn’t be clearer:
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