Micheál Martin: Irish spending plans at risk from 'global shocks' of Trump and war

Donald Trump has pledged to slash corporate tax rates to Irish levels as well as roll out incentives for industries to bring production back to the US

Tánaiste and Fianna Fáil Leader Micheál Martin said plans will have to be adapted 'if external shocks come our way'. Picture: Leah Farrell

The spending plans being sold to potential voters by political parties may all have to be revised thanks to Donald Trump's choices for his incoming cabinet, the Tánaiste has said.

All of the manifestos published by parties so far are based on Department of Finance projections that at least some of the windfall corporation taxes will continue.