Is mortgage interest relief a really bad idea?

<p>With the European Central Bank raising rates to a 22-year high, should Sinn Féin’s proposal for an introduction of mortgage interest relief be entertained by Housing Minister Darragh O’Brien?</p><br><p>Brendan Burgess, founder of the consumer forum, askaboutmoney.com, thinks it is a poorly thought-out plan. As he tells host Ciarán Hancock, despite the increases in mortgage rates, most mortgage holders are not in distress and can cope with the higher interest.</p><p>&nbsp;</p><p>And with corporation tax receipts likely to exceed €26 billion this year, €2 billion more than the Department of Finance is currently forecasting, should that equate to a bumper giveaway budget come October, or will a lid be put on spending?</p><br><p>Eoin Burke-Kennedy, Economics Correspondent with the Irish Times, explains that perhaps following the Norwegian model of sovereign wealth is the way to go given our growing surplus.</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>