Jim Power: Covid will leave its mark on employment for years to come

Strong wage subsidy support suggests many businesses will struggle to maintain employment levels in the absence of the state financial supports

Minister for Finance Paschal Donohoe: For policymakers, labour market interventions at the sectoral level will be really important over the next couple of years. Picture: Julien Behal Photography

One of the more surprising outcomes over the past 16 months has been the manner in which the taxation side of the exchequer balance sheet has held up. 

Total tax receipts in the first six months were up almost €2.6bn, with revenues from labour taxes running particularly strongly.