If you didn't already know, the economy in Ireland is actually booming at the moment? In fact, financially, this is unprecedented for the Emerald Isle and it would seem that this country are willing to go to any lengths in order to make the most of this.
As the United Kingdom struggled its way through the worst recession in about four millennia (Okay, joking a wee bit here!), Irish banks sneaked their way in and managed to literally poach a large number of savers and borrowers. But then, with the way the banks were and still are behaving in Britain, who can really blame them?
Online sites that dealt with complaints customer reviews were registering record levels of dissatisfaction against these banking institutions that are clearly a law unto themselves. Irish banks were therefore merely offering an alternative to very disgruntled customers.
It does not end there, however! Ireland would appear to be even more clever than that. The UK Government have been the losers in another financial factor that seems to be at play at the moment: namely the fact that large UK companies are opting to register themselves in Ireland for tax reasons, in an effort to save millions of pounds in tax revenue which really should be paid into UK coffers.
There are many huge organisations that are guilty of this practice, obviously, I am not about to mention any names here, but let us just say that a company that has a massive search engine facility is one of them.
Clearly, it is time for the UK Government to step in and take action here. Whilst it is great that Ireland are doing so well at the moment, this should not be at the expense of vital UK revenue.
