The Government national four-year recovery plan is farcical and a complete destruction according to Sinn Féin councillor Rose Conway-Walsh.
“We are about to embark on an insane course of borrowing to fund a failed banking policy,” Cllr Conway-Walsh warned. “We cannot afford this banking policy, we cannot afford this loan. Most importantly we cannot afford this Government.
“The impact of these measures will contract the economy – and not one extra tax cent or one public spending cut will be used to reduce the deficit – it will all end up servicing the debt being incurred for the banks.”
Increasing VAT will not increase the economy, but will see people flooding across the border and kill southern businesses, said the councillor, adding, “Reducing the tax band to €15,000 will ensure that everybody earning over €300 per week pays tax. But they are not increasing the top tax rate.”
