Business News

Sunday 31 August 2014

Most savage Budget yet takes €1,000 from families

Charlie Weston and Fionnan Sheahan

Published 06/12/2012 | 05:00

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Protesters clash with gardai outside Leinster House in the wake of the Budget
Protesters clash with gardai outside Leinster House in the wake of the Budget

THE most savage Budget of the economic downturn has hit ordinary families for €1,000 a year.

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Property tax, cuts to child benefit and changes to social insurance have put extraordinary new pressure on squeezed family incomes.

Pensioners will lose out with cuts to the household package that helps for electricity, gas and telephone bills.

And in a move that is set to prove highly controversial, mothers on maternity leave will now have to pay tax on State maternity payments - despite paying for this already through PRSI.

No section of society was left unscathed by the draconian Budget.

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