CAUTION THE KEYNOTE OF GOVERNMENT’S “BRACE YOURSELVES FOR BREXIT” BUDGET

11 October 2019 No Comments by The Northern Standard

Peter Hughes

A tiptoe Budget that eschewed the traditional advance-ofelection income tax reductions and social welfare increases in favour of a “steady as she goes approach” through the uncertain seas of a looming Brexit was unveiled by Minister for Finance and Public Expenditure Paschal Donohoe TD on Tuesday.

While predictable noises of affirmation and condemnation from the appropriate political voices greeted the Budget contents, there was little in the package, apart perhaps from the increase in carbon tax, to cause more general excitement. A €1.2 billion package to deal with the fall-out from a no-deal Brexit contained significant supports for the vulnerable sectors of agriculture, enterprise and tourism as well as additional social protection expenditure and finance to assist people losing employment because…

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