We’re back.

It is understood that some €1 billion and possibly up to €1.5 billion could be in play but the notion is subject to the achievement of economic targets in coming months. The debate is acknowledged to be in its early phase only.

In spite of the acute pressure on welfare, health and education expenditure, this is seen in some quarters of the Government as a better option than simply easing off on fiscal retrenchment.

This notion is said to carry particular attractions on the Fine Gael side of the Government. There is, however, pressure on the Labour side to keep spending cutbacks to a minimum, particularly in social welfare.