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Households could save €110 euro a year if Government passes new cost of living measures

Apr 12, 2022 07:51 By News Northern Sound
Households could save €110 euro a year if Government passes new cost of living measures
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It's among new measures which will come before cabinet ministers tomorrow.

Households could save a further €110 a year if the Government proceeds with a VAT cut on gas and electricity.

It's among new measures which will come before cabinet ministers tomorrow to further tackle rising energy costs.

Another lump sum payment of €99 is also being considered for the 370,000 people who are in receipt of fuel allowance, while a cut to the PSO levy on energy bills could result in an extra saving of around €50 a year.

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Chief Economist with Davy stockbrokers, Conall MacCoille, says the plans are at the edge of what will benefit people:

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