Please elaborate on the "pile of dog doo doo" that we're heading for.
Manufacturing in decline, interest rates skyrocketing, no control of the economy because of the ECB, 30% of the workforce directly or indirectly involved in the construction business, Brussels looking at the 12.5% rate.
Ireland's interest rate is currently 3%, 1.5% less than the United Kingdom. Interest rates globally (EU, UK and US) are on the upward trend, so we're likely to see this gap remain rather than converge in your timeframe.
Unlike Ireland, the UK (thankfully) still has independent control of its interest rates. If you think the ECB will hold rates because of property prices in Ireland you are sadly mistaken.
Ireland's rate of inflation in July was exactly the same as the United Kingdom - 2.4%.
Agreed, but see my previous point.
As for personal debt levels, by all accounts the United Kingdom is in worse doo doo than Ireland - have a look [broken link removed].
Again, agreed. There is huge level of personal debt here - but I honestly believe we are over the hump.
And while we're at it, remind me where
school children have been stabbed to death because they were black? Or where
town and city centres were badly damaged because of race riots? Or where one of the
biggest growing political parties is called the BNP?
Ahem, hello?? Have you managed to venture out recently mate? Ireland is a sea of simmering racism, an undercurrent which will come out in the next few years. Maybe you live in a nice D4 semi, where you are not exposed to the tension, but believe you me its there. Have a walk through Dell in Limerick, ask a carpenter in Dublin, ask the council in Meath.
Remind me also where there was a housing collapse in the last decade or two? I'm sure it wasn't in Ireland anyway.
"We are different, it won't happen to us". Dunno if you did Economics mate in your Leaving, but did you ever hear of cycles? Course Ireland is different.
Congratulations to you and your great job and prospects in London. Having been there, done that, and bought the t-shirt for a number of years myself, I hope things stay rosy for you. Just beware, that as a non-national yourself over there, that you too could end up in some doo doo as well.
Really. So a job where I have a defined career path, a salary increase every year, an opportunity to sit on the board of Directors etc should be given up.
And finally, if you're going to cast aspersions on your own country, and by association with all of us who who still live here and pay taxes in order to support your family in their old age, please be specific, accurate, and non-alarmist. In the (almost) words from Dragnet, "just the facts, sir!!!".
I have to say people like you are also a major reason why I wouldn't go home again - people who would rather sit in the pub and talk about how much they have made this week in "equity" and deluding themselves on the never never of false economy of stupid property prices. I hope it holds well for you.