A new national savings scheme could kickstart a virtuous circle of compounding returns for Irish citizens, while at the same time providing vital funding for the Irish start-up scene.
Irish banks are under no pressure to pay depositors more. Windfall taxes are a poor way to pressure them. Why not give Irish savers more options?
Beyond housing, our approach to saving and investment is primitive and punitive. Given that so many younger people are locked out of the housing market, we need to change our policies to encourage people to save, invest and build pensions.
Irish households’ savings have increased by nearly €5 billion so far this year. Where they spend it could decide the future of many businesses.
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