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New forecasts suggest the Government should not come under pressure to raise taxes significantly or cut back on spending in the next couple of years, writes Cliff Taylor. He reports that the latest Department of Finance estimates point to the State’s budget being close to balance by the middle of this decade. Read Cliff’s analysis of the latest numbers A US investor who has built up an almost 13 per cent stake in Hostelworld has said he is not planning to bid for the online hostel booking company. Joe Brennan has the story, noting that the investor crossed notifiable shareholding thresholds in Hostelworld in January and March, unknown to the Irish market.

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