Jim Power: Budget 2021 is the most expansionary in the history of the state
An economic impact report into the industry carried out by economist Jim Power (pictured) estimated turnover of €400m for the hair and beauty black market. Picture: Regan Stein
In Budget 2020, Paschal Donohoe adopted a pretty conservative approach to the public finances despite the fact that it was the last budget before the general election.
In the aftermath of that election in February, I heard a number of bruised and battered Fine Gael voters lament and even criticise his approach, but I think history has already shown that he adopted the correct one. A year ago, the economy was growing strongly and a budget surplus, albeit a small one, was most appropriate in the circumstances.
