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Noonan’s adherence to austerity was replaced by unsustainable tax cuts – Doherty

18 May, 2017 - by Pearse Doherty TD


Sinn Féin Finance Spokesperson Pearse Doherty has wished outgoing Finance Minister Michael Noonan well but said that, in office, the Minister’s adherence to austerity was replaced by irresponsible and unsustainable tax cuts that have put us back on the road to ruin.

Deputy Doherty said:

“I wish the Minister well on a personal level. Politically however, his conservatism and regressive Budgets lead him to make the wrong choice every time and to deepen and lengthen the recession.

“We see how the wrong choices in accelerating NAMA sales, rolling out the red carpet for vulture funds and a refusal to stand up to the banks bailed out by the people have left scars on our economy that will take a long time to correct and represent ongoing scandals.

“His adherence to the EU’s austerity handbook stalled economic growth for years and mass emigration and massive cuts to the services that protect our vulnerable citizens were seen as awkward side-effects and not as the human tragedies that they were.

“In his last couple of Budgets, the Minister has set us back on the road to ruin through irresponsible and unsustainable tax cuts that are also contributing to spiralling house prices.

“Whoever replaces the Minister must bring some fresh ideas. Much of the damage has been done, but the tax cutting agenda is one that can still be stalled and reversed before it is too late.” 

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