'Generous' budget on the cards as scare over corporation tax revenues lifts

The lifting of a scare over an unexpected shortfall in corporation tax revenues could pave the way for some sort of giveaway budget even as the gloom over a no-deal Brexit outcome deepens, a leading economist has said.

Alan McQuaid was speaking after the latest monthly exchequer returns to the end of June showed that for the most part the Government’s tax revenues were back on track, following an unaccustomed shortfall in corporation tax revenues in the previous month.