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SO THAT WAS Budget 2018.
Minister for Finance Paschal Donohoe this afternoon made his first solo budget speech.
Among the measures announced were:
Here’s how it all went down:
Good morning, and welcome to our Budget 2018 liveblog. It’s Christine Bohan here covering the run-up to this afternoon’s announcement.
It’s a bright, sunny day here in Dublin as the countdown is on to the big announcement. We can expect Paschal Donohoe to get to his feet at 1pm in the Dáil chamber, with the speech to last at least an hour (but possibly more – this is the first time in almost a decade that the speech has been given by just one minister rather than being broken up into two speeches).
After that, Fianna Fáil TDs will respond to the speech between 2pm and 3pm, followed by opposition parties from 3pm until around 8pm tonight. In other words: long day ahead for Budget wonks.
What’s Paschal Donohoe up to right now, you ask?
It’s been an unusually subdued run-up to this Budget, with both Leo Varadkar and Paschal Donohoe ramping down expectations of any major changes. As my colleague Killian Woods wrote over on Fora.ie:
After several years of bad-news budgets, followed by a few better-news budgets, 2018 could be the first ‘no-news budget’ for some time.
Here’s what we know already:
If you’ve heard any Fine Gael minister talking about the Budget at all over the past week, you’ll probably have heard them promising a quiet Budget with no surprises – and Taoiseach Leo Varadkar is no exception.
Speaking this morning outside Government Buildings, the Taoiseach was giving few details away but promised there would be “further investments in health and education – more teachers, more nurses, more gardaí” along with a “very significant increase on spending on infrastructure – with big increases for housing and transport in particular.”
He described it as a “good Budget overall” albeit one with “no fireworks, no big bonanza.”
“There’s also a tax and welfare package which puts more money back in the pockets of taxpayers, working people, families, pensioners, people on welfare as well as measures to reduce the cost of living – particularly in relation to childcare and prescription medicines, he said.
Some good news for families: the “average family with two incomes” will be getting an extra €500-€600 per year, according to the Taoiseach. “It is modest but it is real,” he said.
Ok, that’s the main points covered. Now to the crucial issues: what colour tie will Paschal Donohoe wear to deliver the speech?
At a briefing with reporters this morning, the Minister for Finance didn’t wear a tie (just to ramp up the anticipation?).
Place your bets now for what colour you think it’ll be. The winners get the glory of knowing they correctly anticipated Paschal Donohoe’s sartorial choices.
What colour tie will Paschal Donohoe wear?
Speaking of Leo and Paschal… TheJournal.ie will be hosting a special one-off Facebook Live with the Taoiseach and the Minister for Finance at 8pm on Wednesday night.
We’ll be putting your concerns and observations about the Budget to them, and digging into the thinking behind the decisions made for the country and what it means for our collective future.
You can watch it live on our Facebook page from 8pm tomorrow night and submit your questions either here on the site from this evening or else directly on Facebook once the broadcast starts.
How are things in Leinster House right now? Our political reporter Christina Finn says TDs and ministers have started to roam around the corridors in the past few minutes. Fine Gael politicians are upbeat – Education Minister Richard Bruton says he’s “all set” and seems pretty happy.
Out of all the quirky little stories that emerge on Budget Day, the Examiner has got one of the best ones so far.
Political editor Daniel McConnell reports that Minister for Public Expenditure Paschal Donohoe will have to write a letter to Minister for Finance Paschal Donohoe in order to get clearance to increase the spending ceiling for his department.
McConnell writes: “Because they remain two departments and technically he is minister for both, under existing rule, the minister for public expenditure must write to the finance minister to approve increases in spending ceilings for departments, as required under legislation.”
Previous years have seen a heavy garda presence outside Dáil Éireann during and after the Budget speech with large numbers of protesters converging, particularly during the worst years of recession and austerity.
This year, however? Not so much. At least, not yet.
Hello everyone, Cianan Brennan here, I’ll be manning the liveblog for the next couple of hours as political power duo Minister for Finance Paschal Donohoe and Minister for Public Expenditure Paschal Donohoe lead us through our Budget 2018 paces.
We all think we know almost everything there is to know about this year’s no frills entry in advance – but surely there’ll be a surprise or two in store?
Time to shine Paschal.
Less than 10 minutes to go…
Immediately after the two Paschals are done outlining the tax and expenditure movements we can expect in 2018, the whole shebang will go live on the government’s own Budget site.
You can check that out here as soon as Donohoe retakes his seat.
Here we go, TDs are filing to their seats in Leinster House.
The Ceann Comhairle reminds deputies that the budget documents are confidential prior to Donohoe announcing them. Cue much guffawing in the chamber
Heeeeeeere’s Paschal.
The Minister is currently outlining the state of Ireland’s financs.
We’ve 19 consecutive quarters of employment growth, says Paschal. Things are looking good.
“This is close to the recognised level of full employment in Ireland.”
Eyes down on the government benches…
“The forecast deficit for 2018 is 0.2% of GDP,” says Donohoe.
“Our debt to GDP levels have come down impressively in recent years, but it needs to come down further.”
Fine Gael’s official Twitter feed is monitoring proceedings too:
Incidentally, Paschal has thrown us all, and is wearing a purple tie.
Delightful.
We’re still going through the financial fundamentals.
Meanwhile, opposition deputies are using the time to get in some feverish Budget reading.
Ok here we go.
Tax reductions on income are to be introduced worth €335 million.
The Department of Finance is to raise additional revenues of €830 million, giving a total Budget Day package of €1.2 billion.
Paschal is talking housing.
“Commencement notices for new housing are up 47%,” he says.
I am allocating €1.83bn for housing in 2018, 3,800 new social homes will be built by local authorities.
The government will increase the Housing Assistance Payment by €149 million in 2018. An additional 17,000 homes and households are to be accommodated by next year.
Funding for homeless services will increase by to €18 million to €115 million next year.
Donohoe is set to make €750 million of the Irish Strategic Investment Fund available for commercial investment in housing finance.
Stamp duty on commercial property sales is to increase from 2% to 6%, about a percentage point higher than expected.
This is still less than the maximum rate of 9% charged between 2002 and 2008 Paschal stresses.
What does it all mean, thinks the Opposition of various hues:
Now we’re onto health.
Funding is already at record levels says Paschal. But it’s about to go even higher.
He’s set to increase the overall budget for the Department of Health by €685 million to €15.3 billion.
As was well flagged (it was put back from last year), a tax on sugary drinks is being introduced, it’ll stand at 30c per litre.
Meanwhile, more bad news for smokers (again, as was well-flagged) – excise duty on cigarettes is set to increase by by €0.50 on a packet of 20.
Onto education.
The National Training Fund levy is set to increase from 0.7% to 0.8% to provide additional investment in higher education.
An additional €310 million is to be made available until 2021 to address the infrastructure needs of higher and further education.
Meanwhile, the Minister for Education is set to announce details of an additional €200 million investment in public private partnership in the sector to support regional development.
Onto the gardaí.
800 additional gardaí are set to be hired in 2018, along with an additional 500 civilians.
Paschal announces the provision of a Brexit Loan Fund.
It’ll see up to €300 million made available to small and medium enterprises (SMEs) to help them prepare for Brexit.
Transport and sport now.
€9 million extra is to be allocated for public transport and roads up to €414 million to 2018.
Meanwhile, €111 million capital is being provided for sport next year.
Back to Brexit.
In addition to the previously mentioned Brexit Loan Fund, Donohoe announces an additional Brexit Response Loan Scheme for the agri-food sector.
He’s also set to keep the stamp duty relief of 1% for inter-family farm transfers for another three years.
Childcare.
An additional €20 million allocation will support ‘a range of childcare measures’.
Child and family agency Tusla’s budget increases by €40 million.
Electric vehicles.
In order to incentivise the takeup in non-fossil fueled cars, Paschal is bringing in a 0% rate of Benefit in Kind (BIK) for such vehicles, for a period of one year to allow for a ‘comprehensive review’ of the sector before next year’s budget.
The tobacco industry ain’t happy at the latest increase in excise duty on its products:
Donohoe announces an increase in social welfare payments across the board of €5, again, as was widely expected.
Those increases will kick in from the end of March 2018.
The Christmas bonus this year, meanwhile, will be 85%.
ICYMI:
Now onto the USC and tax bands. There’s a fair bit here.
The 2.5% rate of USC will reduce to 2% and its ceiling will rise from €18,772 to €19,372.
The next rate up reduces from 5% to 4.75%.
Income tax bands – the first higher band is increasing from €33,800 to €34,550.
The top rate of tax moves up to 48.75% on income up to €70,044.
Good old corporation tax – the rate is set to remain unchanged once more at 12.5%.
Regarding the USC and PRSI – it looks like they’re set to be amalgamated – again, this was widely flagged.
Paschal is establishing a working group to plan over the next year how to bring them together.
And that’s it!
Paschal commends the budget to Dáil Éireann. Now we’ll have a lot of reaction.
First up are Fianna Fáil’s Dara Calleary and finance spokesperson Michael McGrath.
Michael says he “welcomes the progress made via many of the agreements we made” with Fine Gael via the confidence and supply arrangement.
Will this be the last budget negotiated with regard to that particular marriage of convenience?
McGrath is done with the government, and now has his sights set firmly on Sinn Féin – “they’re the classic hurler on the ditch – when the chance comes to have their say, they run for the hills”.
The Rainy Day Fund is set to be one of the talking points of the Budget just announced – McGrath says it is “the right thing to do”, so you know where Fianna Fáil stands.
It’s not a particularly fire-and-brimstone-y speech by McGrath. By far the most scorn he’s poured has been on his fellow opposition party Sinn Féin.
If you missed Paschal Donohoe’s Budget speech, you can get a handle on all the main points here.
Something we missed earlier as Paschal raced through his speech – the vacant site levy is set to double to 7%.
Given the ongoing housing crisis, will that be enough to bring stagnant properties back onto the market?
Boxer is happy:
Just €3 million has been allocated for cycling. Eamon Ryan isn’t one bit impressed:
Back in the Dáil, Michael McGrath is still talking.
“Online shopping is exploding,” he says. Not literally we hope.
The various government departments natty Twitter graphics explaining the various initiatives Paschal was talking about are everywhere at present – here’s Public Expenditure and Reform talking about the Brexit Loan Scheme:
There’s 800 new gardaí on the way next year:
So, what are your initial reactions to Budget 2018?
There’s a lot of new stuff in there, but is it revolutionary, or more a case of as-you-were?
Let us know. Leave a comment on the blog, tweet us @thejournal_ie or mail us at tips@thejournal.ie.
Michael McGrath has concluded his speech. Now it’s time for… Dara Calleary, also of Fianna Fáil. He’s not particularly animated either:
He likewise draws attention to the fact that Fianna Fáil’s “mark is on this Budget”.
Which sums up the party’s problem – it’s had a huge amount of input into this year’s entry, so there’s only so much its representatives can say to admonish the government.
Which makes for dull enough speeches it has to be said.
The Social Democrats’ Catherine Murphy isn’t particularly impressed by what’s going on today – it’s a budget of “squandered opportunities” she says.
She pours particular scorn on the increase in the vacant land levy – saying that if it doesn’t even keep pace with land inflation then what’s the point?
Sinn Féin housing spokesperson Eoin Ó Broin doesn’t think much of the Budget’s housing provisions:
Zing:
Tonight on RTÉ News, Fine Gael will be debating… Fianna Fáil. Paschal won’t be talking to any representatives from the next largest opposition party Sinn Féin.
Wondering how the Budget is set to affect your own income? Our Budget Calculator is now live here.
The Strategic Communications Unit, one of Leo Varadkar’s signature initiatives as Taoiseach, is set to cost the exchequer €5 million next year:
Dara Calleary signs off saying that the Budget “is a lot more ambitious than it would have been if we hadn’t been involved”. Indeed.
Now, it’s time for Sinn Féin’s Pearse Doherty to have his say. Expect this to be a good bit more confrontational.
Doherty says: “at the centre of this Budget is a lie”.
“It’s a lie that says you can solve housing and health crises while at the same time lowering peoples’ taxes.”
“Sinn Féin showed you how this can be done, in our alternative budget,” he says to Donohoe.
What does the Budget mean for the child who has to listen to his mother crying in a hotel bedroom, night after night, because she feels like she has failed her child?
Doherty wants to know why the Strategic Communications Unit is going to cost €5 million when the Taoiseach had previously argued it would be cost-neutral.
He brands it “just crazy” that in a €1.2 billion budget package the government prioritises tax cuts over building any additional social housing.
Fair point:
As Doherty speaks in the Dáil, the Sinn Féin statements are starting to arrive.
Here’s Eoin Ó Broin on the Budget and housing:
Meanwhile, here’s how today’s budget will affect you if you earn about €40,000 a year:
Doherty isn’t impressed with the €645 million in additional funding for the Department of Health in 2018:
“You have failed to run a functioning health service, and are continuing to preside over a litany of failures.”
He raises the plight of a child with scoliosis who was left waiting two years for spinal fusion surgery:
She has no set date as of yet. That is a result of your policies. No one would set out to do that. But when you underfund your health budget that is what happens.
The income tax cuts in the Budget are drawing a fair bit of criticism, not just from Sinn Féin. Union Siptu’s Jack O’Connor isn’t happy either:
Meanwhile, the various Ministerial post_Budget press conferences are shuffling along.
Business and Enterprise ministers Frances Fitzgerald and John Halligan are currently having their say at Government Buildings:
“Today is World Homeless Day,” says Pearse Doherty. “Though I doubt the Minister is aware of that fact”.
“No additional social housing units on existing targets?” he asks incredulously.
For all the muted speeches that went before, no-one could accuse Doherty of delivering similar.
He’s been loud, pointed, and angry.
“We’re actually incredulous,” he says of what Paschal Donohoe announced regarding housing and homelessness initiatives, or the lack thereof in his party’s opinion.
“Fine Gael doesn’t believe in social housing. We expected the government to do what it always does. But to do nothing at all. It’s actually incredible.”
Meanwhile:
Here’s what the Garda Representative Association had to say about the announced increase in Garda numbers for 2018:
Doherty’s marathon speech finally comes to an end.
Assuming Donohoe is paying rapt attention, he’s getting a helluva chastising.
“Minister, this could’ve been a very different budget. You’ve done what you always do. You’ve got one eye on the next election. You hope that you’ve done enough to pick up enough people to safeguard a return to the government benches,” he says.
“But Minister we’re elected to lead this country. At a time of crisis we have to prove that we can lead.”
I said I would judge this budget on housing and on health. On both counts you have failed, and failed spectacularly.
I will repeat, I cannot for the life of me understand that no provision has been made to deliver additional social housing compared to what was promised by the previous Housing Minister Simon Coveney.
No more has been given to health to stop that service from running to stand still.
“I am extremely disappointed in this budget,” he concludes.
Labour’s Joan Burton is up now, with Alan Kelly.
It seems some bad news has been released by the government on Budget day:
The Department of Justice has a specific initiative in store with its additional budget allocation of €63 million.
An anti-terrorism Passenger Information Unit is on the way.
There’s trouble brewing on the health front. The National Association of GPs (NAGP) has reacted angrily to the levels of funding announced by Paschal Donohoe for the Department of Health – specifically a lack of ‘meaningful’ investment in General Practice.
They say that GPs are set to consider industrial action as the government has declined to reverse the application of FEMPI (Financial Emergency Measures in the Public Interest) for General Practice:
Meanwhile, back in the Dáil chamber, Joan Burton says that the Budget shows “an alarming lack of vision”. She’s particularly concerned about rural development.
Alan Kelly, who’s sharing the Labour speaking duties, then gets to his feet.
“Wake up there Minister,” he says. We’re not sure which Minister he was talking to, most of Fine Gael have fled the chamber for press events. But to be fair, it has been a long three-and-a-half hours.
Kelly has brought a prop with him…
… it’s a cup of coffee!
For this is the Cup of Coffee Budget, Kelly says, “because the price of a cup of coffee is all you get”.
In fact, it’s a Charlie McCreevy cup of coffee, because it’s once more totally reliant on the property market.
Alan had this planned out we’d say:
Here’s what the Budget means for you if you’re making about €30,000 per year:
Kelly takes aim squarely at Minister for Transport Shane Ross:
“I can’t tell what Shane Ross is doing in this government, for the life of me. I can tell by the chairman’s face that he can’t tell either.”
Back to the coffee cup analogy, which is about as close to a diversion as we’ve come unfortunately, Kelly says that the government’s promise to raise social welfare payments across the board by €5 is something of a misnomer:
Will the government stop telling lies when they say they’re giving €5 a week [in social welfare payments]? When you take out the calculator it’s €3.80.
Our sister site Fora spent the duration of the Budget speech breaking down the significant aspects of what Paschal had to say from the point of view of Irish businesses.
You can have a look here.
Solidarity-People Before Profit’s Paul Murphy is speaking in the Dáil now.
Earlier, the allies’ Twitter feed came up with this zinger, which is a stark statistic to put it mildly:
“It’s a state hallmarked by inequality,” Murphy says of Ireland.
In reality the crisis will get even worse, and this Budget will only deepen inequality.
Over in Government Buildings, meanwhile, Housing Minister Eoghan Murphy is talking about, well, housing.
He’s in bullish form. He says that the government’s year-old housing strategy Rebuilding Ireland “is working”.
The Minister says that 5,000 social homes will be constructed next year, up from 3,100 last year, with 900 of those coming from acquisitions.
There are a lot of different interpretations of the government’s housing figures coming out of today’s Budget, it must be said. The government says it’s making progress. The opposition says its gobsmacked at the lack of initiative being shown at the height of a full-blown housing crisis.
It should be noted that it’s not particularly warm today in Dublin. Nevertheless, Eoghan Murphy’s sleeves remain stubbornly rolled-up.
Murphy has just described the Minister for Finance as Paschal the Privatiser.
It trips off the tongue you can’t deny.
Richard Boyd Barrett follows Murphy. He says today’s Budget is one “of crumbs”, that does nothing to solve the “huge crises this country faces”.
RBB doesn’t have a prop, but he is armed with Beatles references:
One of Paschal’s favourite words is ‘prudence’ and I feel like quoting a line from the Beatles song ‘Dear Prudence’ to him:
‘Dear Prudence open up your eyes’.
While saying this, his Twitter account posts the following:
Now that’s multitasking.
Health Ministers Finian McGrath and Simon Harris are now holding their Budget presser in Government Buildings.
Health, along with Housing, is attracting more criticism than any other provision in the new Budget:
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Alot he fking knows…theyre on another planet the lot of them..whats the alternative to oil, gas or coal without extortionate expenses to fit solar or the next energy source..they’ve jumped the gun with this one and offered no incentive to switch to cleaner energy sources…and yes I know there are grants in place but its not enough…if they want to make an impression, then don’t take money off people to justify it saving the planet.. Build a proper program outlining the options for people, a cost effective solution instead of take take take.
@Craig Clancy: People simply cannot afford grants, costs to much to upgrade systems. Initial outlaw is to much,
@Craig Clancy: Grants are part of the give. Green energy such as wind is subsidised. What’s your great plan to reduce pollution without hitting people’s pockets?
@Dave Barrett: I would love to go solar or any other viable resource but as you pointed out it’s too expensive even with the grant..how much was it for all those water meters that are due to need upgrading soon? Surely they could of put that money towards a nationwide energy campaign..biggest tax take last year and still the roads are in $hite, homelessness is rampant still, hospitals over run and understaffed but yet they still suck us dry of every extra cent we try use to survive…its going to hit a boiling point soon and some one will take matters in to their own hands.
@Mickety Dee: how about stop taking more and more money off people and give them a chance to actually switch over or upgrade..they ran this way too quick and gave no viable plan for anyone, absolutely no incentive to switch over..literally said here are your options off you go now hurry before we start taking just that little squeeze more off you…how is it our fault that they’re are not other things in place…start by fixing the appalling public transport, focus more on helping people change over to solar rather than punish them for not having it, work with the people..thats the problem they are so detached from reality its frightening.
@Craig Clancy: Irish people lack back bone. Yellow vests needed.
@Craig Clancy: need to take vat off renewables!
@Aidan Conway: alot more than take the vat off.
@Dave Barrett: well anyone who protests is called an extremist or anti vaxer or a crazy person by the media, or protesting is made illegal like the truckers one in Canada. Not much the normal person can do anymore to oppose anything.
The main reason for cost of living rises is we dont have a regulator to question why everything is on the rise
Oh wait a minute we do have a regulator .
He must have fallen asleep like Eamonn and everything went up when his eyes were closed.
@Stephen Carslake: That’s not the reason for increases. Read the media of any country in the world and you’ll see that.
The Irish energy regulator does not influence prices in the US, UK, Germany, Spain, Turkey, France, Italy etc etc
Our energy regulator may make dubious calls but they are not the sole reason for the price increases.
@Lee King Buckett: they’re allowing energy companies raise standing charges, which are nothing to do with global energy supplies. The bill increases can be excused for global rises, but there’s no reason for raising standing charges other than opportunistic greed which is where the regulator should step in .. but doesn’t!
@Rob Gale: Agreed but as per the original comment that’s not ‘the main reason’ for price increases.
The main reason is a global energy crisis, the standing charge increase is gouging but not major.
@Lee King Buckett: I’m not sure about the gas suppliers, but:
ESB Networks are managing/maintaining the whole electricity infrastructure and (most/a lot of) the production.
I would guess, that’s covered with the standing charges, or at least the major chunk of it? IF they increased the charges to Energia, Airtricity, or whoever, they will only pass the charges on to the customer, I guess?
You have to laugh that the Green Party under Eamonn Ryan seemingly sacrificed all of their principles in government on areas like greyhound racing, hare coursing, neutrality, direct provision etc in exchange for this carbon tax that would ultimately become redundant through global events and fudged away from making a difference.
Brilliant stuff Green TDs, you’ve achieved nothing in government other than providing the necessary numbers for FF & FG to implement their policies. Bravo.
This is literally bizzare, as in really really bizzare, one of the main exporters of oil/gas IE Russia is all but closing its supply to Europe, causing massive price increases across the board. I am no expert here at all, but Eamonn do you think I would be paying over the odds if I had an alterative way to get said energy? There is no alteratives even remotely ready to take over. Even if I installed a 10kW solar system with battery, it still needs subbing from the grid, which is again, gas powered for the most part. Also, in saying that, I am just talking about household energy useage. I have no idea about farms, but what I do know is all that farm machinary is fuel based, what alternatives have been given to farmers, that’s just one industry. Also, yet again, moving everything to electric based is putting massive pressure on the national grid, which again is still massively gas based on the back end and is nearly keeling over with 15/20 odd data centres in the mix and Eamonn and co think this same grid is ready to handle the entire country going fully electric. Seriously, what plannet is this lad on.
@Dave.: Also, I just want to add. Seriously, when are the Irish people actually going to get up and march on the Dail, this is not right. How can it be, as one poster pointed out, fuel prices have increased so much that its has actually bettered any increase the Carbon Tax would yeild, yet goverment still continue to push for more increases. Are we really as a nation going to sit down and take this no problem?
@Dave.: Russia has not reduced gas or oil supplies to Europe at all. Ireland gets its gas from Scotland.
The war in Ukraine has resulted in speculative increases in oil but gas has reduced in price in the last 5 weeks. The causes of energy price spikes predate the war in Ukraine.
Other than that, you’re correct about the lack of alternatives and the fact that a carbon tax won’t reduce usage at all.
They will put the Tax on To Keep Ryan on Board and then give it Back some other Way What Load of Bollicks
The whole point of a carbon tax is to disincentivise (or in our case more likely to avoid EU fines). For gas and oil, the price has already risen high enough to disincentivise. Adding any more money is just making poor people poorer.
Also, how can Irish people be disincentivised to use a car when we have the worst public transport infrastructure in Western Europe? We have very few safe bike lanes (and those that we have abruptly end for no reason). Even in Dublin.
Its just a load of virtue signalling and kicking the can down the road. Like the paper straws, none of this is going to make any sort of meaningful difference. What we need is major investments in renewables, investment in our public transport and cycling infrastructure, and much more. Not a bunch of new taxes.
@Tomo: Avoid EU fines ??? This State pay the EU fines every year because they are charging the Irish motorists VRT which is outlawed by the EU .. so they know exactly what they are doing.. Instead of taxing the public Carbon Tax, they should be heavily investing in the ESB to help them build multiple wind farms…and not giving out subsidies to private companies
Where are all the FF/FG/GP middle leg huggers today? Very quiet…surely it’s hitting home to them on the failure of their parties?
Az if things were not expensive enough, soon enough a car owner wont be able to afforx to fuel a car pay for home heating.surely the government can off put this raise.
The easiest way to offset the burden of the tax is not to introduce it due to the current circumstances. But they will go on and on with all kinds of waffle just to keep the Greens on board. Personally I have lost all faith in FF and FG.
I wonder what the US multinationals are paying for electricity for all the data centers that are gobbling up loads of out electricity. I’d bet they pay seriously less that the average person. All new data centers and other non essential type IT should be paused until this is under control. Our citizens can’t afford food or electricity but we have many times redundancy in our data storage incase of a few mins outage on watching netflix. Great priorities we have in the 21st century.
have your say