The prospect as indicated in this mornings Irish Independent of a further five rises in interest rates this year may become a feature in the coming election. With a rise due next week, it is highly likely that there will be a further rise pre - election. By May, mortgage holders will be facing further strain in paying the bills.
The reports that Irish financial institutions have begun repossessing houses will have sent a chill up the spine of anyone who remembers Thatcher's UK in the 80s. The Labour posters posing the question 'But Are You Happy?' may well find a few more negative answers. This kind of doom and gloom can spread easily in the pubs and at the watercoolers.
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