Chairman of the Fiscal Council Prof John McHale: told the Oireachtas committee that if forecasts for economic growth turned out to be accurate, then “everything was looking good”, but that it depended on growth. Photograph:  Dara Mac Dónaill

Regulation may be needed to protect variable mortgages holders from being targeted by the banks for additional profits, the chairman of the Fiscal (...)

 Labour TD Kevin Humphreys: concerned that  sensitive information 
– including the actual amount of the agreed budget announcement –
is being passed onto an unelected body while the Oireachtas
, and its Finance Committee,
 is kept in the dark
 about all details of the Budget until it is announced
. Photograph: Davd Sleator/The Irish Times

The Department of Finance’s decision to provide sensitive economic forecasts to the Fiscal Advisory Council weeks in advance of the October Budget (...)

Prof John McHale, chairman of the Irish Fiscal Advisory Council (right), with chief economist Diarmaid Smyth at a briefing on fourth Fiscal Assessment Report, at Whitaker Square, Dublin, yesterday. Photographer: Dara Mac Dónaill

The Government should not reduce the size of the packages of spending cuts and tax increases scheduled for the next two budgets, according to t(...)

Professor John McHale (left)  and Donal Donovan of the Irish Fiscal Advisory Council, which has recommended the Government continue with spending cuts and tax increases for the next two years. Photograph: Brenda Fitzsimons/The Irish Times

The Government should not reduce the size of the packages of spending cuts and tax increases over the next two budgets, according Irish Fiscal (...)