Corporation tax revenues set to be bright spot in Covid-19 economic crisis

New figures will throw new light on the huge costs in supporting the economy and on the long-term pain as more households lose their jobs amid the Covid-19 economic crisis.
Corporation tax revenues set to be bright spot in Covid-19 economic crisis
Exchequer figures published later today will likely show a ballooning deficit of over €3bn in May, as the pandemic unemployment and wage-support schemes are added to the continuing coronavirus healthcare costs.

New figures will throw new light on the huge costs in supporting the economy and on the long-term pain as more households lose their jobs amid the Covid-19 economic crisis.

Exchequer figures published later today will likely show that a ballooning deficit of over €3bn in May as the €2bn-a-month cost in the pandemic unemployment and wage-support schemes are added to the continuing healthcare costs in fighting the pandemic.

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