TDs hit out at savings scheme funding for schools

Opposition TDs have slammed plans to plough cash from Special Savings Investment Accounts into schools as “waffle” and “bar stool economics”.

Opposition TDs have slammed plans to plough cash from Special Savings Investment Accounts (SSIAs) into schools as “waffle” and “bar stool economics”.

Education minister Noel Dempsey suggested that part of the €14bn windfall could be invested in a bond scheme to fund his €2.5bn School Modernisation Programme.