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Childcare campaigners call for Government action to tackle the childcare crisis

Childcare campaigners call for Government action to tackle the childcare crisis

Irish Times01-05-2025

100 days into the new Government, childcare campaigners protest at Leinster House calling on the Government to tackle the childcare crisis. Video: Dan Dennison
US treasury secretary Scott Bessent announced the deal on X, saying it 'signals the Trump Administration's commitment to a free, sovereign, prosperous Ukraine."
Michael Gaine's wife Janice (L) and his sister Noreen O'Regan (R) made a public appeal for help with the farmer's disappearance, now upgraded to a homicide.
Students from Dublin Gaelscoileanna protested outside Leinster House, calling for the Gaelcholáiste promised last September to be built. Video: Dan Dennison
Donald Trump has held a campaign-style rally in Michigan celebrating his first 100 days in office, with a speech in which he touted his 'economic victories'.
A protest organised by Ireland-Palestine Solidarity Campaign has called on the Central Bank to stop regulating Israeli Bonds. Video: Alan Betson
Former Sinn Féin president Gerry Adams has taken the BBC to court over a 2016 programme which, he claims, defamed him. Video: Enda O'Dowd
Canadian Prime Minister Mark Carney's Liberals retained power in the country's election, but fell short of the majority government he had wanted.
In the first 100 days of his second term US president Donald Trump has been on the offensive against his adversaries. Video: Enda O'Dowd
Following the sentencing of Glen Ward and Eric O'Driscoll at the Special Criminal Court, An Garda Síochána has released video of the weapons used by them.

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These are the words of American economic historian Thomas Sowell. It might seem as if our Government has gone to some lengths to prove him right on both counts in the eyes of the Fiscal Advisory Council (FAC). The state watchdog is concerned that spending is up almost 6pc already this year. 'At the current pace of growth, overruns of €2bn are likely,' the Fiscal Assessment Report says. The extravagance can once again be traced back to bumper corporation tax receipts. As we know, the incoming billions are the envy of many European leaders; and a source of considerable indignation to Donald Trump. The US president has made it plain that though he 'likes' us, we are causing him a world of pain when he sees what he regards as 'US tax dollars' flowing out of American coffers and into those of the Emerald Isle. He has warned he is 'coming for them' and we have no reason to doubt him. The FAC has been warning for the past few years that over-reliance on such golden windfalls could leave the State dangerously exposed when they come to an end, as they inevitably will. Today's warning is even more shrill. It notes that while phenomenal levels of excess corporation tax are keeping Ireland in surplus, 'without these revenues, there would be a substantial deficit, despite a strong economy'. The report acknowledges that while the tide of good fortune could persist for a while yet, it will turn, so depending on it is 'high risk'. It also notes how just three companies account for most of the excess corporation tax. A particular worry of the council is that the over-runs are not being acknowledged in new forecasts. Every blessing ignored becomes a curse Its chairperson, Seamus Coffey, even raised a concern about the 'plausibility' of the numbers being presented. He said it's hard to know precisely how overstretched government departments are, because monthly figures are not supplied. The projected figures for 2025 expenditure remain unchanged, even though it is likely to rise by €3.7bn. This, the report states, is 'simply not credible'. ADVERTISEMENT Philosopher Paulo Coelho said: 'Every blessing ignored becomes a curse.' Taking a rosy financial future for granted, which is written on such shifting sands, could come at extreme cost. Spending what we can afford really ought not be such a radical concept. There is a sword of Damocles over the world's economy thanks to Trump's tariffs. The potential for wider wars in the Middle East or Ukraine could also wreak global trade havoc. Relying on the comfort of things we have taken for granted tends to come with a rude awakening. How long can we continue to get away with pressing the snooze button on the FAC's alarm calls?

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