Bord Snip €5bn cuts toughest in State history

ECONOMIST Colm McCarthy is expected to deliver recommendations for €5 billion of the toughest spending cuts in the State’s history to Finance Minster Brian Lenihan tomorrow.

The Special Group on Public Service Numbers and Expenditure Programmes, An Bord Snip Nua, will print its sweeping report soon and deliver it to the minister for consideration.

It comes as Taoiseach Brian Cowen yesterday established a high-powered innovation taskforce to help refocus the economy.