Budget 2010: the geographical impact

Michael Taft: The Ireland after Nama blog offers an alarming perspective on the effect of the public sector pay cuts on the econmic fortunes of particular towns. With public sector workers constituting such a large proportion of the workforce (and, next year, an even larger proportion of the workforce actually at work), imagine the impact on demand for goods and services in these places. You'd think that representatives of small and medium-sized firms, dependent on consumer spending, would be concerned. You'd think, anyway. Thanks to Stephen Kinsella for tweeting this link.