Advertisement
News

Cost of living package to be announced in October's budget

Jul 26, 2023 11:11 By News Northern Sound
Cost of living package to be announced in October's budget
Share this article

The Taoiseach insists there will be measures in the budget to help with the cost of living and to reduce income tax.

The Government is promising further supports to deal with high energy costs as part of next year's budget. Taoiseach Leo Varadkar says supports for households and businesses will be announced as part of a cost of living package to be announced in October.

Energy bills remain high, as falling wholesale prices aren't yet being passed on to consumers.

Energy Economist at the ESRI, Muireann Lynch, says ministers could opt for a more targeted approach compared to universal measures introduced last year:

Advertisement

"If you want to focus heavily on using the tax and benefit system to give supports to households then that actually is the best way to target lower income households, but of course it does nothing to actually bring the bill down directly," she explained.

Tags used in this article
Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus