Fine Gael roll back on proposal for rainy day cash

As the coalition party launches its long-term economic spending plans today, it faces questions over floating the idea of a ‘phantom’ economic reserve fund to voters.
Mr Noonan, who first mooted the idea last week, was forced into an embarrassing U-turn yesterday and conceded that Fine Gael would not be specifically allocating it as part of the party’s €12bn planned spend over the next five years.