Stockbroking firms echo calls for social welfare cuts
Thursday April 02 2009
Ireland's three largest stockbroking firms have echoed calls from the employers' body IBEC for cuts in social welfare payments.
Davy, NCB and Goodbody stockbrokers made the call today while outlining their proposals for next week's emergency budget.
They say the budget should not ignore changes to the level of social welfare payments in light of recent falls in average consumer prices.
Overall, the three firms say the Government needs to produce spending cuts of around ?2.5bn and tax increases worth around ?1.5bn.
