Cutting taxes least likely to work in stimulating demand and jobs in Covid-19 crisis: ESRI's McQuinn

Cutting taxes will likely be the least effective way in helping lift the economy out from the Covid-19 jobs crisis because there is no guarantee that people who fear a second wave of pandemic cases won’t just save rather than spend the money, ESRI professor Kieran McQuinn has said.

His comments come as Finance Minister Paschal Donohoe prepares to unveil a jobs package designed to prevent large levels of long-term unemployment scarring Irish households, for the second time in less than a decade.