Map of ireland

Ireland in the 80's

By Kvp235

  • Economic policy

    Fiscal policy was tightened from 1982-86 through higher income taxes while the strategy since has been to broaden the tax base, while the expenditure budget was reduced.

  • The agreement was signed

    The Anglo-Irish Agreement was an agreement between the United Kingdom and Ireland which aimed to help bring an end to the Troubles in Northern Ireland.
    It was signed by the British Prime Minister, Margaret Thatcher, and the Irish Taoiseach, Garret FitzGerald.

  • Economic growth - "The Celtic Tiger"

    The government launched in 1987 a financial crisis program which the following year led to increased economic growth and a decline in inflation.
    The growth was due to an investment in education and a sharp reduction in corporate taxes (10%), which was followed by large investments from the United States and Japan, which was given free access to the EU market.