How risky is Simon Harris' new savings scheme?
More details have emerged about the Minister for Finance’s new savings and investment idea which aims to unlock some of the €170bn Irish people are estimated to have on deposit and encourage them to become stock market investors instead.
Simon Harris first floated the idea of a Government-endorsed savings plan in February but the details were sparse.
The idea is now clearer, though the fine print has yet to be thought through and is likely to be announced around budget time in the autumn.
The new Irish scheme will follow the popular Swedish one which sees people putting their savings into an…
The skinny
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