Irish Examiner View: Hey big sp€nders! -  Economic prudence will need to be exercised in post Covid-19 world

Need for economic prudence
Irish Examiner View: Hey big sp€nders! -         Economic prudence will need to be exercised in post Covid-19 world

Taoiseach Leo Varadkar outside Government Buildings, as he briefed media on topics including Brexit and the response to Covid-19 (Coronavirus) following today’s Cabinet meeting. Photograph: Leon Farrell / Photocall Ireland
Taoiseach Leo Varadkar outside Government Buildings, as he briefed media on topics including Brexit and the response to Covid-19 (Coronavirus) following today’s Cabinet meeting. Photograph: Leon Farrell / Photocall Ireland

The post-Covid-19 world will see emergency state support for workers and businesses replaced by a wave of redundancies and pay cuts that will pile yet more pressure on household budgets that were already severely stretched. And, doubtless, we’ll be reminded – probably constantly – by the Taoiseach in the next government of the need to cut public spending and the deficit. Leo Varadkar described it this week, when negotiations with Fianna Fáil and the Green were getting nowhere, as “economic honesty”.

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