Lenihan’s cuts show we haven’t turned that elusive corner just yet

LAST December the Finance Minister Brian Lenihan declared our plan is working and that “we have turned the corner”.

He also suggested that while the effort demanded of every citizen in Budget 2011 was substantial, and that while further corrections would be needed in the coming years, none would be as big as in Budget 2011.

Alas these predictions could not have been further from the truth.