Market comment

Minister McGrath indicates third lockdown cost manageable


Speaking at a Davy event yesterday (link to video presentation here), Minister for Public Expenditure and Reform Michael McGrath indicated that he expected COVID-19 restrictions to be extended into February in some form, but conditions would gradually improve through 2021. The €3.4bn recovery fund and €2bn COVID contingency fund would help meet the costs of the third lockdown. Health and housing were key priorities, and the new equity home loan scheme would be finalised in the coming months. Corporate tax reform presented a challenge, but Ireland would remain attractive for investment.

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Jan 22 2021, 07:10 GMT