MABS is a key part of the State’s infrastructure for advising those with indebtedness problems.http://www.citizensinformationboard.ie/downloads/lifting_the_load_sep11.pdf  3  Indeed, there are some of those who are still on tracker mortgage rates, like the bulk of borrowers towards the end of the boom, may be paying much lower servicing costs on their mortgages than when they bought the house, offsetting at least some of the tax increases and – for some – wage and salary cuts that have occurred.
As a result, production, which had remained sluggish in the first half of 1996, started to grow at an accelerating pace, reflecting fully the increase in final demand. BIS Review 35 /1997  -2-  Notably, the firm recovery in production is now generating a recovery in private demand, including business fixed investment and personal consumption.