Corporation tax needs to be monitored closely and factored into future fiscal plans

There is justifiable positivity permeating the Irish airspace. All economic indicators are moving steadily in the right direction. The economic recovery is strong and it is becoming more broadly-based.

The publication of the exchequer returns for the end of November represented the icing on the cake for the Government, as it comes towards the end of its last full year in office, and faces into a daunting general election in the first quarter of next year.

November is a big month for tax revenues and this year it did not disappoint.