"Virtually Nothing To Either Help Inflation Or To Help Unemployment"

EXHIBITION : MEMORABLE BUDGETS

About this Item

Martin O'Donoghue, Associate Professor of Economics at Trinity College Dublin, gives his analysis of Budget 1976 and recalls some tough budgets from the past.

  • Title
    Martin O'Donoghue's Budget Analysis
  • 1st Broadcast
    28/01/1976
  • Contributor
    Martin O'Donoghue
  • Clip Duration
    00:04:59
  • Material Type
    Audio
  • Series title
    RTÉ News at Six Thirty
  • Clip title
    "Virtually Nothing To Either Help Inflation Or To Help Unemployment"
  • Extended description

    Martin O'Donoghue, Associate Professor of Economics at Trinity College Dublin, gives his analysis of Budget 1976 and recalls some tough budgets from the past.

    O'Donoghue believes it to be one of the harshest budgets since the war as it took out over 100 million pounds in taxation. O'Donoghue remembers the harsh budgets of 1952 and 1956, which also took out about 2% of GNP.
    "If people can swallow hard and accept it, it's moderately severe rather than terribly severe."

    O'Donoghue also discusses taxation on alcohol and petrol, which are old reliables when it comes to budgets.

    The key problem with this budget according to O'Donoghue is that the Minister for Finance, Richie Ryan, has done virtually nothing to help unemployment or inflation.

  • Information

    A RTÉ News report featuring TCD Professor of Economics, Martin O'Donoghue, giving his analysis of the budget. This report was broadcast on 28 January 1976.

    The accompanying image shows Fine Gael Minister for Finance Richie Ryan, in a shot taken on RTÉ Television's '7 Days' Budget Special on 16 May 1973.
    © RTÉ Stills Library 2239/097

  • Local keywords
    Memorable Budgets, Budget, 1976, Martin O'Donoghue, Economcis, Politics
  • Geographical coverage
    Ireland
  • Topic
    Politics and Economics
  • Publisher Broadcaster
    RTÉ
  • First broadcast channel
    RTÉ
  • Production year
    1976
  • Country of production
    Ireland
  • Original identifier
    QNX1619
  • IPR restrictions
    Rights Reserved - Free Access
  • Rights terms and conditions

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  • Item type
    part/extract
  • Item sound
    Mono
  • Language used
    English (eng)
  • Original language
    English (eng)
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