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Ash4781

Slowing Irish Housing Market Could Cost The Exchequer As Much As €2 Billion In Lost Revenue

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If the EU bails out Spain won't they come to the UK government for the money given that the Spanish bubble was caused by UK citizens?

:lol: But then, who will bail out the UK when the t&rd hits the fan?

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Ash4781 Posted Yesterday, 06:17 PM

QUOTE

McArdle said that the impact of a slowing housing market on the public finances was extremely serious given that up to a quarter of total tax receipts were impacted by the property market.

This comment just about sums it up. The Irish economy is reliant on HPi, now I know why they have had such a good run. How can any economy rely on such a thing? Oops, I forgot, UK Plc are doing the same. We really are gonna be in a bad way as rates rise with affordability and employment levels falling.

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