XM does not provide services to residents of the United States of America.

High-spending Irish coalition eyes re-election as rival Sinn Fein falters



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>High-spending Irish coalition eyes re-election as rival Sinn Fein falters</title></head><body>

Centre-right Fine Gael and Fianna Fail eye return to power

Left-wing opposition Sinn Fein have slumped from 2022-23 highs

Exit poll due at 2200 GMT on Friday

By Padraic Halpin and Conor Humphries

DUBLIN, Nov 29 (Reuters) -Ireland's two main governing parties looked on course to return to power in an election on Friday thanks to a giveaway October budget and a loss of momentum by opposition Sinn Fein, a result that would buck a global trend of voters rejecting incumbents.

Prime Minister Simon Harris called the election on the heels of a 10.5 billion euro ($11 billion) budget that began to put money into voters' pockets during the campaign, largesse made possible by billions of euros of foreign multinational corporate tax revenues.

An opinion poll on Wednesday put Harris' Fine Gael on 20%, level with Sinn Fein and just behind its main coalition partner Fianna Fail on 21%. A broadly similar result in 2020 led the two centre-right parties to govern without left-wing rival Sinn Fein and they have redoubled a pledge to do so again this time.

The main risk to their return would be if a slump in support for Fine Gael in the last two weeks of the campaign worsens, a danger heightened by the fact around half of its current lawmakers are not seeking re-election, leaving the party reliant on lesser known candidates.

A campaign full of missteps, culminating last weekend in a viral clip of Harris walking away from an exasperated care worker, has cost Fine Gael a quarter of its support since the start of the campaign, a Monday poll showed.

"Sinn Fein would have to do much better than the polls suggest and Fine Gael would have to do much worse for things to change significantly," said Theresa Reidy, senior lecturer in politics at University College Cork.

That is not impossible, Reidy added, but Sinn Fein would have to beat the 25% they secured in 2020.

That would still be sharply lower than the 30-35% Sinn Fein had in polls in 2022 and 2023, a level that signalled it was on course to govern. Its electoral coalition has since begun to fray, in part due to anger among working class voters at Sinn Fein's relatively liberal immigration policies.

Government parties have faced widespread frustration during the campaign at their inability to turn the healthiest public finances in Europe into better public services, such as healthcare, more affordable housing and adequate support for vulnerable people.

Fine Gael and Fianna Fail, former rivals which have between them led every government for a century, will be likely to need at least one other smaller party to reach a majority. They currently govern with the Green Party.

"I think it's potentially a three-party government, but that's in the hands of the people," Fianna Fail leader and deputy prime minister Micheal Martin said on Wednesday.

An exit poll is to be published shortly after voting ends at 2200 GMT on Friday, with the full results to come over the weekend.

($1 = 0.9465 euros)



Reporting by Padraic Halpin. Editing by Jane Merriman

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.