Tuesday, 27 September 2011

Is Ireland showing us the way?

Ireland is showing that you can cut debt and grow your economy. My favourite quote of the weekend was from the Guardian, spluttering into their porridge, as they grudgingly conceded that Ireland "despite brutal austerity cuts ...is a shining light in Europe"
That would have hurt Polly T and her gang to say that but the facts are unanswerable:
Last week the Irish Central Statisitcs Office reported that gross domestic product had jumped by 1.6% in the second quarter - that is serious growth and far exceeds our own and the rest of the European countries.

The question is why? They have tried to live within their means, and crucially cut their taxes on business. These are now lower than other places - this surely must be the lesson for us, as it is manufacturing and business that will grow us out of the recession.