Home > Banks and the Economy, Croke Park Deal > Shhh. Rewrite at Work. The Recession Diaries – April 12th from Notes on the front, Michael Taft

Shhh. Rewrite at Work. The Recession Diaries – April 12th from Notes on the front, Michael Taft

“Shhh. Rewrite at Work. The Recession Diaries – April 12th
The Government insisted on inserting the following phrase into the proposed public sector pay deal:

‘The implementation of this Agreement is subject to no currently unforeseen budgetary deterioration.’

Now the Government is busily rewriting this. Apparently, the agreement is no longer subject to currently unforeseen budgetary deterioration. Indeed, to even refer to the Government’s clause is now considered to be irresponsible.

‘The department also described as “a red herring” criticisms which have been raised about the so-called “get-out-of-jail” card in the agreement. This states that the implementation of the measures set out in the deal is subject to there being no unforeseen deterioration in the Government’s finances. The Government would follow through on all the commitments in the deal except in very exceptional circumstances such as another major financial crisis, said the department yesterday.’

There is a good reason why the Government is busily rewriting the agreement. For whatever about the ‘unforeseen’ part, there is little doubt that the budgetary situation is deteriorating. And Ministers are getting a bit touchy about this. “ (more….)

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